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2014-04-30

Marine Harvest ASA: Strong quarter for Marine Harvest

(Oslo, 30 April 2014) The Marine Harvest Group achieved an operational EBIT of
NOK 1 090 million in the first quarter of 2014, compared to NOK 482 million
in the corresponding quarter of 2013.

- The first quarter of 2014 was a strong quarter for Marine Harvest. We see
both record high prices and profit.
As a consequence of the good results, the board has proposed a quarterly
dividend of NOK 5 per share.
The results are negatively impacted by high contract share in the quarter.
Further, we still see a potential for even stronger results by improving the
production costs in many areas of our operation, says CEO Alf-Helge Aarskog.

Marine Harvest Group reported operational revenues and other income of NOK 5
868 million (NOK 3 736 million) in the first quarter of 2014.

Salmon of Norwegian origin achieved an operational EBIT per kilo of NOK 12.82
(NOK 8.39) in the first quarter, while salmon of Scottish and Canadian origin
reported operational EBIT per kilo of NOK 12.66 and NOK 19.10 respectively
(NOK 7.87 and NOK 6.63). Salmon of Chilean origin achieved an operational
EBIT per kilo of NOK 6.73 (NOK -6.27). The figures include contribution from
Sales and Marketing, including VAP Europe and Morpol Processing. Marine
Harvest VAP Europe reported an operational EBIT of NOK -25 million compared
to NOK - 18 million in the first quarter of 2013. Morpol Processing reported
an operational EBIT of NOK -38 million.

Marine Harvest Group harvested a volume of 92 243 tonnes gutted weight in the
first quarter, compared to 80 035 tonnes in the corresponding quarter of
2013. Harvest guidance for 2014 is increased from 405 000 tonnes to 417 000
tonnes.

-The demand in the first quarter was very high, and we expect this to
continue. We are encouraged by the high future prices, given the relatively
high supply growth for the remainder of the year. I'm convinced that the
combination of strong operational performance and high financial flexibility
put us in a great position for further development, says Aarskog.

For further information, please contact:
Ivan Vindheim, CFO, Mobile: +47 958 71 310
Henrik Heiberg, VP Finance&Treasury, Tel: +47 21 56 20 11, Mobile: +47 917 47
724

About Marine Harvest Group
Marine Harvest Group is the world's leading seafood company and largest
producer of farmed salmon, with presence in 22 countries and a total of 10
400 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 of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Presentation of 1st Quarter 2014
http://hugin.info/209/R/1781256/609352.pdf
Interim Report Q1 2014
http://hugin.info/209/R/1781256/609355.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#1781256

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