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2016-02-17

Marine Harvest ASA: Operational EBIT of NOK 837 million in the fourth quarter

(Oslo, 17 February 2016) Marine Harvest achieved an operational EBIT of NOK
837 million in the fourth quarter of 2015, compared to NOK 1 032 million in
the corresponding quarter of 2014.

Supported by the good results, a strong forward market, and a solid financial
position, the Board has resolved a quarterly dividend of NOK 1.40 per share.

- I am very pleased with another record-breaking quarter in Marine Harvest
Fish Feed. We are seeking to expand our feed activity with a new feed factory
in Scotland, says CEO Alf-Helge Aarskog.

Marine Harvest Group reported operational revenues of NOK 8 060 million (NOK 6
863 million) in the fourth quarter of 2015. Total harvest volume were 110 551
tonnes in the quarter (105 122 tonnes). Harvest guidance for 2016 is 436 000
tonnes, 4 000 tonnes lower than the previous guidance.

Salmon of Norwegian origin achieved an operational EBIT per kilo of NOK 12.14
(NOK 12.59) in the fourth quarter, while salmon of Scottish and Canadian
origin reported operational EBIT per kilo of NOK -2.10 and NOK 3.32
respectively (NOK -3.42 and NOK 3.69). Salmon of Chilean origin reported
operational EBIT per kilo of NOK -12.28 in the quarter (NOK 0.35). The
figures include contribution from Sales and Marketing, including MH Consumer
Products. MH Consumer Products reported an operational EBIT of NOK 89 million
compared to NOK 117 million in the fourth quarter of 2014. MH Feed reported
an operational EBIT of NOK 74 million (NOK 61 million).

-High production costs in all regions remains a concern. We see, however, that
our Norwegian operation delivered good results even with the high sea lice
mitigation costs. I'd like to recognize the efforts made by the employees who
delivered the favourable results in the quarter, says Aarskog.

For further information, please contact:

Ivan Vindheim, CFO, Mobile: +47 958 71 310
Kim Galtung Døsvig, IR Officer, Mobile: +47 908 76 339

About Marine Harvest Group

Marine Harvest Group is the world's leading seafood company and largest
producer of farmed salmon, with presence in 24 countries and a total of 11
700 employees worldwide. The company is headquartered in Bergen, Norway, and
is listed on the Oslo Stock Exchange and New York Stock Exchange (NYSE).
Please seewww.marineharvest.comfor further information.

Forward looking statements

This release may be deemed to include forward-looking statements, such as
statements that relate to Marine Harvest's goals and strategies, salmon
prices, ability to increase or vary harvest volume, production capacity,
trends in the seafood industry, restructuring initiatives, exchange rate and
interest rate fluctuations, expected research and development expenditures,
business prospects and positioning with respect to market, demographic and
pricing trends, strategic initiatives, and the effects of any extraordinary
events and various other matters (including developments with respect to
laws, regulations and governmental policies regulating the industry and
changes in accounting policies, standards and interpretations) on Marine
Harvest's business and results. Forward-looking statements are typically
identified by words or phrases, such as "believe," "expect," "anticipate,"
"intend," "estimate," "may increase," "may fluctuate," "plan," "goal,"
"target," "strategy," and similar expressions or future or conditional verbs
such as "may," "will," "should," "would," and "could." Forward-looking
statements are Marine Harvest's current estimates or expectations of future
events or future results. Actual results could differ materially from those
indicated by these statements because the realization of those results is
subject to many risks and uncertainties. Marine Harvest ASA's registration
statement on Form 20-F filed in 2014, including the section captioned "Risk
Factors," contain additional information about factors that could affect
actual results, including: changes to the price of salmon including the value
of our biological assets; hedging risks; risks related to fish feed; economic
and market risks; environmental risks; operational risks; risks related to
escapes, disease and sea lice; product risks; risks related to our
acquisitions; financing risks; regulation risks including relating to food
safety, the aquaculture industry, processing, competition and
anti-corruption; trade restriction risks; litigation risks; tax and
accounting risks; strategic and competitive risks; and reputation risks. All
forward-looking statements included in this release are based on information
available at the time of the release, and Marine Harvest assumes no
obligation to update any forward-looking statement.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Presentation of 4th Quarter 2015
http://hugin.info/209/R/1986635/728911.pdf
Interim Report Q4 2015
http://hugin.info/209/R/1986635/728909.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: Marine Harvest ASA via Globenewswire

HUG#1986635

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