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Cermaq ASA : EXERCISE OF STOCK OPTION PROGRAM


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Copyright © Thomson Reuters 2013. All rights reserved.
2013-02-25 18:02:30 -

In May 2006, an option scheme was established for the management of the Cermaq
Group. A total of 346 667 options are outstanding. Since 2008 no new option
agreements has been entered into, no options have been granted, nor will it be
done in the future.
On 25 February 25, 2013, 18,300 options have been exercised by the following
primary insiders:

Name                                          Number
of options
Ross Grierson                                8,333
Peter Harper                                  3,333
Francisco Miranda Morales         3,334
Sven Lauritsen                               3,333

The options held were settled in cash based on the difference between the
average stock price on 25 February of NOK 97.00 per share and the exercise price
of NOK 71.92 per share.
There is no change in the primary insiders' shareholding in Cermaq 
ASA as a result of this transaction. Following the exercise of options there are 328,367 options outstanding. About Cermaq. Cermaq is an international group of companies with activities in fish farming, production of salmonid feed and research in aquaculture. Cermaq has operations in Norway, Chile, Canada, and Scotland, the main geographic regions for salmon and trout farming, and in Vietnam. Through its business unit EWOS, Cermaq ranks as the world's largest producer of feed for salmonids. The business unit Mainstream is one of the world's leading farming companies of salmon and trout. The group had sales of around NOK 11.8 billion in 2012. Cermaq is listed on the Oslo stock exchange with ticker code CEQ. www.cermaq.com This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Cermaq ASA via Thomson Reuters ONE [HUG#1680885]


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