Reference is made to stock exchange announcement of 2 June 2016 regarding an agreement between Lerøy Seafood Group ASA ("Lerøy"), Aker Capital AS and Aker Capital II AS on the acquisition by Lerøy of 53,501,793 shares in Havfisk ASA ("Havfisk"), and 62,293,254 shares in Norway Seafoods Group AS ("Norway Seafoods"), as well as an agreement to acquire additional 1,026,632 shares in Havfisk from Fausken Invest AS. The price per share in Havfisk was NOK 36.50, whilst the price per share in Norway Seafoods was NOK 1.00. The acquisitions were conditional upon the required approvals by the Norwegian Ministry of Trade, Industry and Fisheries and relevant competition authorities being obtained.

Furthermore, Lerøy has acquired an additional 2,207,410 shares in Havfisk in the market. As described in the stock exchange notice dated 25 August 2016, the transaction has been approved by the Norwegian Ministry of Trade, Industry and Fisheries. The transaction has now also been approved by relevant competition authorities.

The mentioned conditions for completion of the agreements are therefore met and it is assumed that the completion will take place shortly. Lerøy's aggregate shareholding in Havfisk will after the completion comprise 56,735,835 shares, which is equal to 67 % of the shares and voting rights in Havfisk.

Lerøy's aggregate shareholding in Norway Seafoods will after the completion account to 62 293 254 shares, which is equal to 73.6 % of the shares and voting rights in Norway Seafoods.

Completion of the acquisitions triggers the duty of Lerøy to submit a mandatory offer for the remaining shares in Havfisk in accordance with the Norwegian Securities Trading Act Chapter 6 at a price of NOK 36.50 per share. Following completion, Lerøy will submit such a mandatory offer, and an offer document will be submitted to Oslo Børs for approval as soon as possible and within the time limits set out in the Norwegian Securities Trading Act. Following approval of the offer document and related documentation, the mandatory offer will be launched.

Lerøy also intend to make a voluntary offer on the remaining outstanding shares in Norway Seafoods at a price of NOK 1.00 per share.

DNB Markets, a part of DNB Bank ASA, and Pareto Securities AS are engaged as financial advisors to Lerøy in connection with the mandatory offer in Havfisk and the voluntary offer in Norway Seafoods. Wikborg, Rein & Co Advokatfirma DA is engaged as legal advisor.

This information is given by Lerøy Seafood Group ASA and is subject to the disclosure requirements set out in sections 4-3 and 6-8 of the Norwegian Securities Trading Act.