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Reference is made to the stock exchange release issued on 11 May 2017, where Marine Harvest announced that bondholders representing an aggregate principal loan amount of EUR 353,900,000 under the EUR 375 million five year convertible bond issued by Marine Harvest in 2014, maturing on 6 May 2019 (ISIN NO 001 0710395) had elected to convert their bonds into shares. The conversion has now been completed and Marine Harvest's share capital has been increased by NOK 284,004,285 through the issuance of 37,867,238 new shares. The share capital increase was registered in the Norwegian Register of Business Enterprises on 19 May 2017 and following such registration Marine Harvest ASA has a share capital of NOK 3,676,258,327.50 divided into 490,167,777 shares each with a par value of NOK 7.50. Following the conversion, the entire outstanding principal amount under the EUR 375 million five year convertible bond issued by Marine Harvest in 2014, maturing on 6 May 2019 (ISIN NO 001 0710395) has been converted to equity. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


Reference is made to the stock exchange release issued on 11 May 2017, where Marine Harvest announced that bondholders representing an aggregate principal loan amount of EUR 353,900,000 under the EUR 375 million five year convertible bond issued by Marine Harvest in 2014, maturing on 6 May 2019 (ISIN NO 001 0710395) had elected to convert their bonds into shares. The conversion has now been completed and Marine Harvest's share capital has been increased by NOK 284,004,285 through the issuance of 37,867,238 new shares. The share capital increase was registered in the Norwegian Register of Business Enterprises on 19 May 2017 and following such registration Marine Harvest ASA has a share capital of NOK 3,676,258,327.50 divided into 490,167,777 shares each with a par value of NOK 7.50. Following the conversion, the entire outstanding principal amount under the EUR 375 million five year convertible bond issued by Marine Harvest in 2014, maturing on 6 May 2019 (ISIN NO 001 0710395) has been converted to equity. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


Reference is made to the stock exchange release issued on 11 May 2017, where Marine Harvest announced that bondholders representing an aggregate principal loan amount of EUR 353,900,000 under the EUR 375 million five year convertible bond issued by Marine Harvest in 2014, maturing on 6 May 2019 (ISIN NO 001 0710395) had elected to convert their bonds into shares. The conversion has now been completed and Marine Harvest's share capital has been increased by NOK 284,004,285 through the issuance of 37,867,238 new shares. The share capital increase was registered in the Norwegian Register of Business Enterprises on 19 May 2017 and following such registration Marine Harvest ASA has a share capital of NOK 3,676,258,327.50 divided into 490,167,777 shares each with a par value of NOK 7.50. Following the conversion, the entire outstanding principal amount under the EUR 375 million five year convertible bond issued by Marine Harvest in 2014, maturing on 6 May 2019 (ISIN NO 001 0710395) has been converted to equity. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


Reference is made to the stock exchange release issued on 11 May 2017, where Marine Harvest announced that bondholders representing an aggregate principal loan amount of EUR 353,900,000 under the EUR 375 million five year convertible bond issued by Marine Harvest in 2014, maturing on 6 May 2019 (ISIN NO 001 0710395) had elected to convert their bonds into shares. The conversion has now been completed and Marine Harvest's share capital has been increased by NOK 284,004,285 through the issuance of 37,867,238 new shares. The share capital increase was registered in the Norwegian Register of Business Enterprises on 19 May 2017 and following such registration Marine Harvest ASA has a share capital of NOK 3,676,258,327.50 divided into 490,167,777 shares each with a par value of NOK 7.50. Following the conversion, the entire outstanding principal amount under the EUR 375 million five year convertible bond issued by Marine Harvest in 2014, maturing on 6 May 2019 (ISIN NO 001 0710395) has been converted to equity. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


The global seafood trade is dominated by a handful of large companies that control up to 16% of the Earth’s most important fish resources. A new initiative made public on December 14, 2016, now aims to change the international fishing industry. The initiative covering all the world’s oceans made up by eight of the world’s largest seafood companies (Maruha Nichiro Corporation, Nippon Suisan Kaisha [Nissui], Thai Union Group, Marine Harvest ASA, Dongwon Industries [owner of Starkist in the US] Nutreco [owner of Skretting], EWOS/Cargill Aqua Nutrition, Cermaq) and called “Seafood Business Ocean Stewardship”. Among others the initiative aims to “clear-out” illegal IUU fisheries and inhumane working conditions, such as slavery and human trafficking. “We are part of a small but very influential group, and we have a responsibility to ensure that the seafood industry is not only profitable but also sustainable in line with UN development goals, particularly related to the sea. This group of companies represents a global force that can make a difference,” commented Geir Molvik, CEO of the Norwegian (Mitsubishi-owned) salmon farming company Cermaq, in a statement today. These eight companies — with large impact on global seafood trade — express strong concern about the future of the ocean as a result of “a lack of environmental strategy and inadequate resource management”. One of their commitments includes “Improving transparency and traceability” in their own operations. Those eight companies are also scrutinized in Seafood Intelligence’s ‘Top 100’ benchmarking report of sustainability reporting / transparency, about to be released. The ‘Top 100’ report highlights in detail – indicator per indicator – most of the shortcomings of the world’s largest seafood firms’ sustainability reporting, and highlights the ongoing progresses to date in the realm of sustainable seafood transparency. The aim of the Seafood Intellligence ‘Top 100’ is to provide a tool for seafood companies & industries to better address their level of transparency re. sustainability issues of concern to their stakeholders, assist them in establishing Sustainability & #SeafoodEthics policies. It offers a unique benchmark to follow yearly their performance against that of their competitors, and also provides a unique database/tool for purchasers, retailers, policy-makers, researchers, NGOs and all those concerned with the state of sustainability and transparency in the realm of seafood and oceans to review the performance of the ‘Top 100’. The content you are trying to access is only available to members. Sorry.


China is the next market to conquer for Norwegian salmon and this seafood investor. “China is too big to ignore,” Hogne I. Tyssoy, portfolio manager of the Holberg Triton fund, said in an interview in Oslo on Tuesday. “Now when it’s opening again, Norwegian seafood has an exciting future in China.” Trade relations between China and Norway were normalized in December, ending a six-year freeze that began after the Norwegian Nobel Committee awarded the Peace Prize to a Chinese dissident. Norway, the world’s largest Atlantic salmon producer, is seeking to increase seafood exports as the global demand for healthy proteins rises, especially in emerging markets such as China. Tyssoy will join Prime Minister Erna Solberg’s delegation to China in April, along with other business executives and investors as Norway seeks to re-establish contact with the world’s most populous country. While the fund may consider investing in Chinese companies in future, Tyssoy is interested in seeing first hand what growth opportunities are in store for Norwegian fish farmers in China, he said. One such example is Marine Harvest ASA’s cooperation with Alibaba Group Holding Ltd., China’s biggest e-commerce company, to sell salmon on the Internet, a collaboration that could “develop quickly,” according to the 55-year-old. “It’s a bit of a revolution when the logistical chain works,” he said. “And Norwegian seafood with high quality and popularity can benefit.” The industry is looking for new markets and new ways to boost margins. After advancing more than 400 percent over the past five years, the Oslo Seafood Index has slid 16 percent so far this year. The Bergen-based equity fund Holberg Triton, which manages about 670 million kroner ($80 million) and invests only in the seafood sector, returned 30 percent since its start two years ago. The fund’s largest holdings as of February included Leroy Seafood Group ASA, Sanford Ltd., Austevoll Seafood ASA and Bakkafrost P/F. “Bakkafrost is in a league of their own with a 30 to 40 percent return on equity,” he said. “It’s perhaps the best managed salmon producer in the world.” The salmon industry is struggling with health and sustainability issues due to holding large numbers of fish in a open-water cages but long-term trends of growing prosperity and food awareness will continue to support demand growth, according to Tyssoy. “Seafood is the only area where Norway has succeeded in creating a global retail product on a big scale,” he said. “Norwegian salmon is status.”


Marine Harvest ASA hereby invites you to the presentation of the results for the first quarter 2017 at Hotel Bristol, Kristian IVs gate 7, 0164 Oslo, Norway. Please note that the quarterly report and presentation will be published at 06:30 CET. The presentation will be held in English and will also be webcast. You have the opportunity to post questions online throughout the webcast session. The webcast will be available on http://www.marineharvest.com/investor/quarterly-material/ You are also invited to participate in an international conference call at 16:00 (CET) on the same day where you have the opportunity to ask questions to Marine Harvest's management. The participants can call in using the details below. Participants for the telephone conference are kindly asked to call in 5-10 minutes in advance of the commencement of the conference in order to subscribe. Please dial-in using the relevant number below and the Conference ID Code. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


Marine Harvest ASA hereby invites you to the presentation of the results for the first quarter 2017 at Hotel Bristol, Kristian IVs gate 7, 0164 Oslo, Norway. Please note that the quarterly report and presentation will be published at 06:30 CET. The presentation will be held in English and will also be webcast. You have the opportunity to post questions online throughout the webcast session. The webcast will be available on http://www.marineharvest.com/investor/quarterly-material/ You are also invited to participate in an international conference call at 16:00 (CET) on the same day where you have the opportunity to ask questions to Marine Harvest's management. The participants can call in using the details below. Participants for the telephone conference are kindly asked to call in 5-10 minutes in advance of the commencement of the conference in order to subscribe. Please dial-in using the relevant number below and the Conference ID Code. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


Marine Harvest ASA hereby invites you to the presentation of the results for the first quarter 2017 at Hotel Bristol, Kristian IVs gate 7, 0164 Oslo, Norway. Please note that the quarterly report and presentation will be published at 06:30 CET. The presentation will be held in English and will also be webcast. You have the opportunity to post questions online throughout the webcast session. The webcast will be available on http://www.marineharvest.com/investor/quarterly-material/ You are also invited to participate in an international conference call at 16:00 (CET) on the same day where you have the opportunity to ask questions to Marine Harvest's management. The participants can call in using the details below. Participants for the telephone conference are kindly asked to call in 5-10 minutes in advance of the commencement of the conference in order to subscribe. Please dial-in using the relevant number below and the Conference ID Code. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


News Article | April 11, 2017
Site: chinaseafoodexpo.com

Oslo — A major investor from the land of the vikings said China would be the next big fish market to be conquered by Norwegian salmon. “China is too big to ignore,” Hogne I. Tyssoy, portfolio manager of the Holberg Triton fund, said in an interview in Oslo. “Now when it’s opening again, Norwegian seafood has an exciting future in China.” Norway, the world’s biggest Atlantic salmon producer, is seeking to increase seafood exports as the global demand for healthy proteins rises, especially in emerging markets such as China. Tyssoy will join Norwegian Prime Minister Erna Solberg’s delegation to China in April, along with other business executives and investors, as Norway seeks to re-establish contact with the world’s most populous country. While the fund may consider investing in Chinese companies in future, Tyssoy said he was interested in seeing first hand what growth opportunities are in store for Norwegian fish farmers in China. One such example is Marine Harvest ASA’s cooperation with Alibaba Group Holding Ltd, China’s biggest e-commerce company, to sell salmon on the internet, a collaboration that could “develop quickly,” according to the 55-year-old. “It’s a bit of a revolution when the logistical chain works,” he said. “And Norwegian seafood with high quality and popularity can benefit.” The Norwegian industry is looking for new markets and new ways to boost margins. After advancing more than 400 percent over the past five years, the Oslo Seafood Index has slid 16 percent so far this year. Holberg Triton, an equity fund based in the southern Norwegian city of Bergen, manages about 670 million kroner ($80 million). It invests only in the seafood sector and returned 30 percent since its start two years ago. The fund’s largest holdings as of February included Leroy Seafood Group ASA, Sanford Ltd, Austevoll Seafood ASA and Bakkafrost P/F. “Bakkafrost is in a league of its own with a 30 to 40 percent return on equity,” he said. “It’s perhaps the best managed salmon producer in the world.” The salmon industry is struggling with health and sustainability issues due to holding large numbers of fish in open-water cages, but long-term trends of growing prosperity and food awareness will continue to support demand growth, according to Tyssoy. “Seafood is the only area where Norway has succeeded in creating a global retail product on a big scale,” he said.

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