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2015-04-28

Marine Harvest (OSE:MHG, NYSE:MHG): UPDATE IN RELATION TO VOLCANIC ERUPTION IN CHILE

Marine Harvest would like to update the financial market on the recent Calbuco
volcanic eruption. We are pleased to report that all our employees affected
by the eruption are safe and we have not reported any injuries to staff. We
have clearly defined emergency routines in place for such potential events,
and are pleased to see that our staff has responded well in the current
unfortunate circumstances.

We have two sites located within the 20 kilometre exclusion zone put in place
by the national emergency office ONEMI. Rio Blanco is a fresh water hatchery
handling eggs and producing fry, and Copihue is a broodstock facility.
Volcanic material and landslides have affected such operations adversely. In
this incident 6.8 million fry, 2.4 million eyed eggs and around 3,700
broodstock have been lost.

We are currently in close dialogue with our insurance supplier. Our
preliminary assessment is that insurance proceeds related to physical assets
will exceed asset net book values. In addition, we have insurance coverage of
our biomass. We are in discussion with our insurance provider if the recorded
value qualifies for full recovery. The outcome of such discussions is at this
stage uncertain.

Our stocking plans and expected harvest volumes for 2015 and 2016 will not be
affected by the aforementioned events.

Our sea water operations in Region X and Region XI have not been affected by
the volcanic eruption.

Forward-looking Statements
This press release may be deemed to include forward-looking statements, such
as statements that relate to effects of the volcanic eruption, insurance
proceeds, stocking plans, harvest volumes and other relevant items in this
regards. Forward-looking statements are typically identified by words or
phrases, such as "expect" and similar expressions or future or conditional
verbs such as "may," "will," "may", "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. All
forward-looking statements included in this press 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.

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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

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