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2015-09-28

AKVA group ASA : Extended stock exchange notice - Purchase of Aquatec Solutions A/S

This notice is prepared and published by AKVA group ASA ("AKVA") in accordance
with section 3.4.1 and 3.4.2 in Continuing Obligations for companies listed
on the Oslo Stock Exchange (Oslo Børs).

The transaction

Reference is made to AKVA's stock exchange release dated 9 July 2015. AKVA has
now entered into an agreement with Fokus Invest ApS, J&O Holding, Randbøl ApS
and RM Invest ApS for the purchase of all of the shares in Aquatec Solutions
A/S ("Aquatec") for a price of DKK 35 million. Fokus Invest ApS is controlled
by Aquatec chairman Anker Stensig Andersen. J&O Holding, Randbøl ApS is
controlled by Aquatec co-founder Ole Enggaard Pedersen. RM Invest ApSis
controlled by Aquatec CEO Morten Nielsen.

The purchase price will be paid in cash on completion of the transaction,
which is expected to take place on 30 September 2015. In addition AKVA will
pay an adjustment amount based on the net debt and working capital position
of Aquatec as of the closing date. Finally, AKVA will pay to the sellers an
additional consideration (earn-out) based on the realized EBITDA of Aquatec
for 2015 and 2016. The parties have agreed an estimated net present value of
the earn out in the amount of DKK 21.6 million based on current budgets and
forecasts.

AKVA will finance the transaction with a loan from Danske Bank.

The significance of the transaction for AKVA

Aquatec is a leading provider of technology and solutions for land-based fish
farming.

"We are pleased to welcome Aquatec in to AKVA. Aquatec Solutions has a good
reputation and a strong presence especially in the salmon farming regions in
the world and will supplement our existing land based set up in a very good
way",
states Trond Williksen, CEO of AKVA group ASA.

The transaction significantly strengthens AKVA's positioning towards a land
based technology segment expected to grow in the years to come.

Aquatec Solutions

Aquatec operates world-wide in supplying land based fish farming technology
and solutions for both salt and fresh water fish. Aquatec's offering covers
everything from complete fish farming systems to high quality fish farming
equipment and components. For facilities in operation Aquatec provides
supervision and support.

The board of directors of Aquatec consists of Mr. Anker Stensig Andersen, Mr.
Erik Nielsen and Mr. Ole Enggaard Pedersen. The general manager of Aquatec is
Mr. Morten Nielsen, while the Chilean operations are led by Mr. Mauricio
Leal. Aquatec has 25 full time employees in Denmark, with a further 19
engaged in the activities of the group in Chile. AKVA group have not entered
into any agreements for the benefit of management or key personnel in AKVA in
connection with the transaction. The selling shareholders and their
controlling owners have entered into customary non-compete and
non-solicitation undertakings in connection with the transaction. No other
agreements have been entered into with the management and key personnel in
Aquatec.

Dated: 28 September 2015
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
Eirik Børve Monsen
Chief Financial Officer
Phone: +47 51 77 85 00
Mobile: +47 91 63 98 31
E-mail: emonsen@akvagroup.com

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)

Key Financial Figures Aquatec Solutions
http://hugin.info/137526/R/1954818/711530.pdf

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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

HUG#1954818

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