Reference is made to the notice published regarding SalMar ASA's ("SalMar") purchase of shares in Arnarlax AS ("Arnarlax") on 14th of February 2019. Further details regarding the transaction are set out below, in accordance with Oslo Børs' requirements for a detailed stock exchange notice.

On 14th of February 2019, SalMar entered into an agreement for purchase of 3,268,670 shares in Arnarlax at a price of NOK 55 per share, in total NOK 179,776,850. 1,026,418 shares were purchased from Tryggingamiðstöðin hf. and 2,242,252 shares were purchased from Fiskisund ehf. The transaction will be settled in cash and financed through use of an existing financing facility in SalMar. Completion of the transaction is expected to take place on 21 February 2019.

Arnarlax is the largest salmon farmer on Iceland and is located in the West Fjords, Iceland. The company was incorporated in 2009 on Iceland, with first harvest in 2016. It is vertically integrated with its own hatcheries, sea sites, wellboat, processing plant and sales channel.

SalMar already owns 41.95% of the shares in Arnarlax and will thereby increase its ownership to 54.23%. After the transaction SalMar will gain control of Arnarlax through its ownership and the results from Arnarlax will be consolidated into SalMar's group accounts. Strategically the transaction represents a natural step for SalMar, as SalMar wishes to further develop Arnarlax and salmon farming on Iceland.

The board of directors of Arnarlax is composed of the following persons:
Chairman: Kjartan Ólafsson
Board members:
· Matthias Gardarsson (founder of Arnarlax)
· Leif Inge Nordhammer (former CEO of SalMar)
· Einar Ólafsson
· Espen Marcussen
· Bjørn Egil Larsen
· Trond Tuvstein

Arnarlax has 106 employees and the executive management is composed of the following persons:
CEO - Bjørn Hembre
CFO - Halldór Gunnlaugsson 
COO Freshwater - Skjalg Pedersen
COO Seawater - Rolf Ørjan Nordli
Business Development - Víkingur Gunnarsson
Director Sales - Ómar Grétarsson
Director processing - Tryggvi Bjarnason

Attached one will find key figures from the profit and loss statement and the balance sheet of Arnarlax for the years 2018, 2017 and 2016. Arnarlax' licenses (22,000 tonnes) are not capitalized in the balance sheet, except MEUR 17.3 in goodwill attributed to the the acquisition of Fjarðalax in 2016 and their licenses. There are applications for additional 34,500 tonnes in licences.

For more information, please contact:

CFO Trond Tuvstein
Tel: +47 918 53 139
E-mail: trond.tuvstein@salmar.no

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and section 3.4 of Oslo Børs' continuing obligations for stock exchange listed companies.

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