The Scottish Salmon Company PLC - Employee Equity Incentive Scheme 2015

The Board of Directors of the Scottish Salmon Company Plc ("SSC" or the "Company") has decided to implement an Employee Equity Incentive Scheme as described herein (the "EEIS") for selected employees in SSC and its subsidiaries. Managing Director of the Scottish Salmon Company Limited, Craig Anderson has been granted options equivalent to 740,203 shares.

The scheme encompasses up to 3,000,000 shares and has an exercise period of up to a maximum of nine years from the date of grant as further detailed below.  

The company's liability with respect to the scheme will be met through either issuing new shares, or by transferring treasury shares.

The purpose of the EEIS is to enhance SSC's ability to hire the best talent as well as to provide long-term incentive compensation to selective employees who exceed annual performance objectives designed to increase the value of the Company's business, and to align such valued employees' financial interests with the Company's shareholders.

Under the EEIS, participating individuals will be awarded shares to motivate them to contribute to the continued success and profitability of the company, as well as deliver outstanding results. The Board will provide further description in the annual Corporate Governance report that will be put forward to the Ordinary General Meeting of the Company in 2015.

Under the EEIS, participants will receive, free of charge, share options (the "Share Options"), which, if exercised by the relevant option holder, will be released and transferred to them as shares. One Share Option gives the right to subscribe for one share at an exercise price equal to the market price at the time of the grant, subject to standard share capital adjustments.

One third (1/3) of the Share Options may be exercised on each of the first, second and third anniversary of the granting of the Share Options (the "Subscription Date(s)"). The Share Options must be exercised within 5 years of each relevant Subscription Date.

In accordance with the Board of Directors' authorization, Managing Director of the Scottish Salmon Company Limited, Craig Anderson, has today received 740,203 Share Options under the EEIS. The options were part of the terms and conditions for his employment as Managing Director effective on 1 January 2014 given on the condition that the final terms and conditions of the EEIS were approved by the Board of Directors. Seeing that such approval is now given, Craig Anderson will be able to exercise one third of his Share Options on 20 January 2015, 2 January 2016 and 2 January 2017 respectively, at an exercise price of NOK 4.10 per share/Share Option. His Share Options must be exercised within 5 years of each of his aforementioned subscription dates.

In addition to the Share Options, Craig Anderson holds 50,000 shares in SSC.

Further information:

Email: info@scottishsalmon.je
Tel: +44 (0) 1534 880088

Website: www.scottishsalmon.je