Share-based incentive scheme - Mandatory notification of trade

Norway Royal Salmon ASA (NRS) today sold 19,747 shares at a price of NOK 203.48 per share in connection with management's synthetic stock option scheme.

The participants in the synthetic stock option scheme have an obligation to buy NRS shares for the paid bonus amount after tax, at the volume weighted average price for the share in the period from March 6 to March 19, 2019. The average price is NOK 203.48 per share.

After this transaction, NRS holds 538,207 treasury shares and has contractual rights to 985,756 own shares, constituting 3.50 percent of the issued share capital.

In connection with the stock option scheme, the following primary insider in NRS bought shares at a price of NOK 203.48 per share:

Charles Høstlund purchased through related parties 19,747 shares. Total holding after the purchase is 169,332 Norway Royal Salmon shares.

For more information, please contact:

CEO Charles Høstlund, +47 9941 8449

CFO Ola Loe, +47 9117 9411.