On 15 December 2012 Geveran Trading Co Ltd (Geveran), which is indirectly controlled by trusts established by John Fredriksen for the benefit of his immediate family, has closed a TRS agreement with 30,000,000 shares in Marine Harvest ASA as the underlying share.
Geveran has, correspondingly, entered into a forward contract for the purchase of the same number of shares in Marine Harvest ASA. The settlement date of the forward contract is 16 December 2013 and the purchase price is NOK 3.9287 per share.
Furthermore, Geveran has entered into a forward contract for the sale of 30,000,000 million shares to Profond Holding AS, a company owned by Marine Harvest ASA's Chairman Ole-Eirik Lerøy, at the same terms.
Subsequent to these transactions, Geveran's exposure to the Marine Harvest ASA share is unchanged. Geveran holds 834,632,775 shares representing 23.306% of the issued share capital in Marine Harvest ASA and has an additional exposure to the share through TRS agreements relating to 70,000,000 shares in Marine Harvest ASA.
On 15 December 2012 Profond Holding AS has closed a TRS agreement with 30,000,000 shares in Marine Harvest ASA as the underlying share and entered into a forward contract to purchase 30,000,000 shares in Marine Harvest ASA. The settlement date of the forward contract is 16 December 2013 and the purchase price is NOK 3.9287 per share.
Subsequent to these transaction Ole-Eirik Lerøy and his affiliates' ownership of shares in Marine Harvest ASA is 41,220,000 shares, of which 30,000,000 shares are covered by the forward agreement. This represents a total ownership of 1.15% of the issued share capital.