Mowi ASA (OSE: MOWI): Share option scheme for senior executives and allocation of options 2020

At Mowi ASA's (the “Company”) annual general meeting (“AGM”) on 3 June 2020 the Board of Directors was authorised to grant options under the Share Option Scheme to Senior Executives. On 25 August 2020 the Board of Directors granted 1.125 million options with a strike price of NOK 209.8076, corresponding to 107.5% of the volume weighted average share price on the Oslo Stock Exchange at the date of the AGM, to a total of 32 individuals. The options have a term of 4 years but will become...

At Mowi ASA's (the “Company”) annual general meeting (“AGM”) on 3 June 2020 the Board of Directors was authorised to grant options under the Share Option Scheme to Senior Executives. On 25 August 2020 the Board of Directors granted 1.125 million options with a strike price of NOK 209.8076, corresponding to 107.5% of the volume weighted average share price on the Oslo Stock Exchange at the date of the AGM, to a total of 32 individuals.

The options have a term of 4 years but will become exercisable immediately if a mandatory bid is made for all of the shares in Mowi, if a voluntary offer is followed-up with a forced transfer of shares in accordance with the Norwegian Securities Trading Act or if Mowi is the non-surviving entity in a merger with another company.

The number of shares and the strike price will be adjusted for dividends and changes in the equity capital during the term of the option according to the Oslo Stock Exchange's derivative rules and provisions in the option agreements. Total profit through the exercise of the option in a year is capped at two years' salary for the option holder. If the profit exceeds this limit, the number of shares to be issued will be reduced accordingly.

The following primary insiders in the Company have been allocated options according to the above and have, following this and adjustments for dividends paid, the following number of shares and options in the Company:

	Total number of	Options granted	Total options
Name	shares owned	in 2020	outstanding
Ivan Vindheim (CEO)	7 248	130 000	460 746
Kristian Ellingsen (CFO)	588	55 000	55 000
Øyvind Oaland (COO Farming Norway)	4 976	55 000	108 212
Ben Hadfield (COO Farming Scotland and Ireland)	7 458	55 000	385 746
Ola Brattvoll (COO Sales & Marketing)	9 819	55 000	385 746
Atle Kvist (COO Feed)	131	55 000	80 889
Catarina Martins (CTO & Chief Sustainability Officer)	2 051	25 000	50 889
Anne Lorgen Riise (Chief HR Officer)	946	25 000	78 212
Kim Galtung Døsvig (Investor Relations & Head of Treasury)	724	25 000	78 212

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