Reference is made to the ongoing voluntary offer by Mitsubishi Corporation (through its wholly owned subsidiary MC Ocean Holdings Limited) to acquire all issued shares of Cermaq ASA (the "Company"), as further detailed in the offer document published on 22 September 2014 (the "Offer"). The offer price is NOK 96 per share.

The following primary insiders of the Company, and close associates of such primary insiders, have accepted the Offer and will following settlement of the Offer own no shares in the Company:

Name Position Holding Sale New Holding
Herlofsen Rebekka Glasser Chairman of the Board 5000 5000 0
Michelet Åse Aulie Board member 4000 4000 0
Mortensen Lise Caroline Board member 200 200 0
Olsen Ketil Board member 200 200 0
Røli-Gjervik Jan-Robert Board member 200 200 0
Hjertø Torbjørn Deputy board member 1200 1200 0
Hindar Jon CEO 6200 6200 0
Homble Synne Chief Officer Legal and Corporate Functions 3800 3800 0
Molvik Geir COO Norway 1600 1600 0
Sjaastad Geir Project Director 44827 44827 0 **
Jonassen Snorre Regional director 2227 2227 0
Bergan Lise Corporate affairs Director 2200 2200 0
Lerfaldet Håvard Chief Group Accountant 1000 1000 0
Segnini Silvia Group Treasurer 200 200 0
Palm Thomas Finance director 500 500 0
Hanken Svein-Helge Group Legal Counsel 1000 1000 0
**partly through close associates
20.10.2014
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