Reference is made to the stock exchange announcement on 21 November 2016 regarding the potential sale of up to 1,824,565 shares in Grieg Seafood ASA ("Grieg Seafood" or the "Company") by Kvasshøgdi AS and Grieg Shipping II AS (the "Selling Shareholders").

Kvasshøgdi AS has today sold 1,000,000 shares in Grieg Seafood at a price of NOK 79 per share and Grieg Shipping II AS has sold 824,565 shares in Grieg Seafood at a price of NOK 79 per share.

After the transaction, the Selling Shareholders owns no shares in Grieg Seafood.

The Selling Shareholders are owners and members of the Grieg Group that holds a majority holding in the Company, through Grieg Holdings AS, Grieg Limited AS, Ystholmen AS and Per Grieg Jr. privately. Following the transaction the Grieg Group controls 58,961,996 shares, corresponding to approximately 52.8 per cent of the outstanding shares in the Company. The Grieg family is committed to continue to be a majority and strategic long-term owner and represented on the Board of the Company. Grieg Seafood will still be consolidated within the Grieg Group.

Arctic Securities AS acted as manager and bookrunner for the transaction.

The Selling Shareholders are represented on the Board of Directors of Grieg Seafood by Per Grieg Jr., who acts as Chairman of the Board.