Reference is made to the stock exchange release issued on 13 November 2013, where Marine Harvest announced that it had exercised its right to redeem the outstanding bonds under the EUR 225million five year convertible bond issued by Marine Harvest in 2010, maturing on 23 February 2015 (ISIN NO 001 0565807) at par value plus accrued interest.
The loan agreement provided the bondholders the period up to and including 21 November to convert their bonds into shares.
Bondholders representing an aggregate principal loan amount of EUR 224.6 million have elected to convert their bonds into shares. The conversion price is EUR 0.6319. Marine Harvest will accordingly issue 355 435 984 new shares. The new shares will be issued on 3 December 2013. As a consequence some of the bondholders will receive the shares earlier than the conversion date pursuant to the loan agreement. Such early delivery shall not amend or affect the bondholders rights under the loan agreement.
Bonds that are not converted into shares (i.e. the aggregate principal amount of EUR 300 000) will be redeemed at par value plus accrued interest. Final settlement date is December 11, 2013.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)