Successful private placement for Salmar

SalMar ASA has successfully completed a NOK 309 million private placement directed towards Norwegian and international investors (the "Private Placement" or the "Issue"). The Issue was oversubscribed. The price was set at NOK 30 per share. 10.299.999 shares will be issued following the Private Placement, increasing the share capital to 113.299.999 shares.

Yngve Myhre, CEO of SalMar stated: "We are very pleased to have concluded this fundraising supporting Salmar's growth strategy. Part of the funds will be used for the acquisition of 10 licenses from Villa Arctic AS. This confirms our position in Norway. SalMar will continue to actively pursue other accretive acquisitions."

Notification of allotment and payment instructions will be sent to the applicants on or about 1 March 2012 through a notification to be issued by the Managers. The delivery of the shares will be made by delivery of existing and unencumbered shares in the Company that are already listed on the Oslo Stock Exchange. Shares will be made available pursuant to a stock lending agreement entered into between the Managers and Kverva AS. The shares will thus be tradable from allocation. Settlement of the allocated shares is expected to take place through a delivery versus payment transaction on 6 March 2012.

DNB Markets and Pareto Securities AS acted as Joint Lead Managers and Joint Bookrunners in the Private Placement.