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2016-05-10

AKVA group ASA : AKVA Marine Services AS contemplating acquisition of Techno Dive AS

AKVA Marine Services AS, a 65 per cent owned subsidiary of AKVA group ASA, has
entered into a letter of intent regarding a possible acquisition of
inshore/offshore diving and aquaculture farming services provider Techno Dive
AS. The parties aim to complete customary due diligence investigations and
negotiations of a final purchase agreement by mid-June 2016, and if final
terms are agreed to complete the transaction by the end of June 2016. A
transaction is expected to be settled in cash.

Techno Dive AS is a leading provider of safe and efficient subsea work, with
worldwide experience through numerous projects. The company is considered to
be a good fit with AKVA Marine Services and is expected to strengthen its
position in the Farming Services segment further. Techno Dive AS has 16 full
time employees, and had an annual turnover in 2015 of NOK 25 million.

About AKVA group
AKVA group is a technology and service partner to the aquaculture industry
worldwide. The company has 670 employees, offices in 8 countries and a total
turnover of NOK 1.4 billion in 2015. We are a public listed company operating
in one of the world's fastest growing industries and supply everything from
single components to complete installations, both for cage farming and land
based aquaculture. AKVA group is recognized as a pioneer and technology
leader through more than 30 years. The Corporate Headquarter is in Bryne,
Norway.

Date: 10 May 2016

AKVA group ASA

CONTACTS:

---------------------------------------------
| Trond Williksen Chief Executive Officer |
| Phone: +47 51 77 85 00 |
| Mobile: +47 91 63 01 73 |
| E-mail: twilliksen@akvagroup.com |
---------------------------------------------

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| Eirik Børve Monsen Chief Financial Officer |
| Phone: +47 51 77 85 00 |
| Mobile: +47 91 63 98 31 |
| E-mail: emonsen@akvagroup.com |
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This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: AKVA group ASA via Globenewswire

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