Mowi ASA (OSE: MOWI): Share option scheme for senior executives and allocation of options 2026

Mowi ASA (OSE: MOWI): Share option scheme for senior executives and allocation
of options 2026

At Mowi ASA's (the "Company") annual general meeting ("AGM") on 3 June 2026 the
Board of Directors was authorised to grant options under the Share Option Scheme
to Senior Executives, as described in Mowi's new guidelines for remuneration of
leading personnel (the "Guidelines"). On 18 June 2026 the Board of Directors
granted 1.785 million options at a strike price of NOK 212.2822, corresponding
to 107.5% of the volume weighted average share price on the Oslo Stock Exchange
at the date of the AGM, to a total of 44 individuals.

In accordance with the new Guidelines, the options have a term of 4 years but
will become exercisable immediately if a mandatory bid is made for all of the
shares in Mowi, if a voluntary offer is followed-up with a forced transfer of
shares in accordance with the Norwegian Securities Trading Act or if Mowi is the
non-surviving entity in a merger with another company.

The exercise of 50% of the options awarded to an option holder is conditional on
achievement of performance criteria, measured in the development of the share
price of the Company's shares compared with those of peers ("Performance-based
Options"). The exercise of the remaining 50% of the options awarded to an option
holder is not conditional on achievement of such performance criteria ("Ordinary
Options").

The strike price will be adjusted for dividends and changes in the equity
capital during the term of the option as further set out in the option
agreements. Total profit through the exercise of Performance-based Options in a
year is capped at one year's salary for the option holder, and total profit
through the exercise of Ordinary Options in a year is capped at one year's
salary for the option holder. If the profit exceeds this limit, the number of
shares to be issued will be reduced accordingly.

The following primary insiders in the Company have been allocated options
according to the above, please see attached allocation details. The primary
insiders have the following number of shares and options, adjusted for dividends
paid, in the Company.

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                                  Total number of Options granted Total options

 Name                              shares owned       in 2026      outstanding
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 Ivan Vindheim
 (CEO)                                13,696          200,000        841,979

 Kristian Ellingsen
 (CFO)                                 1,614          100,000        420,991

 Øyvind Oaland
 (COO Farming Norway, Iceland)         6,002          100,000        420,991

 Ben Hadfield
 (COO Farming Scotland, Ireland,
 Faroes and Canada East)               8,484          100,000        420,991

 Fernando Villarroel
 (COO Farming Americas)                6,026          100,000        420,991

 Ola Brattvoll
 (COO Sales & Marketing)              10,845          100,000        420,991

 Atle Kvist
 (COO Feed)                            1,157          100,000        420,991

 Catarina Martins
 (CTO & Chief Sustainability
 Officer)                              3,059          45,000         167,282

 Kjersti Eikeseth
 (Chief HR Officer)                     491           25,000         77,543

 Kim Galtung Døsvig
 (Investor Relations & Head of
 Treasury)                             1,750          25,000         105,247

 Lars Tore Andersen
 (Group Accounting Director)           1,750          15,000         63,148
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This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.