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Share Programme Announced For Marine Harvest

by the Fish Site Editor
30 September 2010, at 1:00am

NORWAY - The Board of Directors of Marine Harvest ASA (the "Company") has resolved to offer all permanent employees in the Company and its Norwegian subsidiaries the opportunity to purchase shares in the Company within the scope of the Norwegian Tax Act 5-14 (The employees' opportunity to purchase shares at below market price).

The offer to the employees is based on the price for the Company's shares on 29 September 2010, NOK 5.1152 per share.

The relevant rules in the Tax Act provide the employees with a right to purchase shares with a rebate of up to NOK 1,500 in such offer. Based on the above, the permanent employees have been offered to purchase 1,467 shares in the Company at a value of approx. NOK 7,500 against a purchase price of approx. NOK 6,000.

At the end of the acceptance period on 29 September this year, the Company had received acceptances of this offer for a total of 551,592 shares. In order to comply with its obligations under the acceptances received, the Company has, on 29 September 2010, purchased 551,592 shares in the market at an average price of NOK 5,1152. These shares will be sold to the employees having accepted to participate in the share programme on the terms referred to above.

the Fish Site Editor