Steven Rafferty, present Chief Financial Officer (CFO) of Cermaq ASA,
is appointed as Chief Operating Officer (COO) for the global farming
division, Mainstream.

Previously farming in Cermaq has been structured in two farming
divisions, Mainstream Europe and Americas, under separate COOs.
Organizing the global farming operations in Mainstream under one COO
responsible will increase best practice exchange and produce
synergies between the farming units.

Steven Rafferty has broad international farming experience having
previously worked in various of the main salmon producing countries,
including seven years in Chile. Rafferty will continue to work out of
the head office in Oslo, Norway.

Rafferty will combine his role of CFO with that of the COO until a
replacement CFO is in place. Until a new CFO is appointed, Tarald
Sivertsen will continue in his current position as Mainstream Europe
COO and member of the Cermaq management team, but reporting to Steven
Rafferty.

The new Cermaq management team is shown in the attachment.

The changes come into effect immediately.




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