AKVA group ASA: Information regarding development

Atlantis Subsea Farming AS (the "Company") applied for 6 development licenses the 29 ^th of January 2016. The Norwegian Directorate of Fisheries have informed the Company that the Company's concept has progressed another step further in the process to get awarded development licenses. The Directorate will go ahead with processing the application limited to 2 licenses, but have rejected the application in terms of the other 4 permits applied for. The Company will consider whether to appeal the decision or not. The Company is owned with equal stakes by AKVA group ASA, Sinkaberg-Hansen AS og Egersund Net AS.

Dated: March 12(th), 2017

AKVA group ASA

Web: www.akvagroup.com

CONTACTS:

  Trude Olafsen            General Manager Atlantis Subsea Farming AS   Phone:                          +47 51 77 85 00   Mobile:                         +47 915 57 400   E-mail:                           TOlafsen@akvagroup.com

  Hallvard Muri              Chief Executive Officer   Phone:                          +47 51 77 85 00   Mobile:                         +47 915 80 750   E-mail:                           HMuri@akvagroup.com

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.