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 program on the terms referred to above.
Five primary insiders in the Company have chosen to participate in the share purchase programme for employees. These participants have on aggregate subscribed to purchase 7,335 shares.
Primary insider Jørgen K Andersen (CFO) has purchased 1,467 shares. After the purchase, Andersen holds 53,223 shares in the Company.
Primary insider Marit Solberg (Managing Director MH Norway) has purchased 1,467 shares. After the purchase, Solberg holds 1,467 shares.
Primary insider Pedro S Leite (VP/Director of Tax and Legal) has purchased 1,467 shares. After the transaction, Leite has a total holding of 3.223 shares in Marine Harvest through PSL Holding AS, which is wholly owned by Mr Leite.
Primary insider Rune Hegrestad (Group Director IT) has purchased 1,467 shares. After the transaction, Hegrestad holds 1467 shares.
Primary insider Hedvig Lima (Senior Accounting Manager) has purchased 1467 shares. After the transaction Lima holds 7,223 shares in the Company.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)