MOWI: Ole-Eirik Lerøy to step down as Chairman

24 Oct 2024 16:31 CEST

(Bergen, 24 October 2024) Mowi ASA today announces that Ole-Eirik Lerøy has
decided to step down as Chairman of the Board following a fifteen-year tenure
with the company. Ørjan Svanevik proposed as successor to Lerøy.

"It has been an honor to serve Mowi during the era of becoming the world's
largest supplier of farm raised salmon. Today, Mowi is a fully integrated global
seafood company, bringing salmon of supreme quality to consumers around the
world, and is perfectly positioned to continue the growth journey towards the
newly announced 2029 ambitions. The company is stronger than ever, the outlook
sound, and the timing right, to pass the relay baton. I look forward to seeing
it grow and develop in the future," says Ole-Eirik Lerøy.

Mr. Lerøy joined the company in 2009/2010, where the company since has developed
into a world leading seafood company with farming operations in Norway,
Scotland, Ireland, Faroes, Iceland, Canada and Chile. With headquarters in
Bergen, Norway, Mowi today employs 11 500 people in 26 countries worldwide.

"Ole-Eirik is a true industry veteran and has been instrumental into developing
the strong Mowi organisation. We highly appreciate his contributions over the
past 15 years, which will serve as a strong platform for the future value
creation," says John Fredriksen, representative of Mowi's largest shareholder.

The nomination committee would like to thank Ole-Eirik Lerøy for his long-
standing service as Chairman of Mowi. The nomination committee will propose that
the Extraordinary General Meeting (EGM) elects Ørjan Svanevik as Chairman of the
Board. The company will convene an EGM shortly.

Mr. Svanevik holds the position as investment director of Seatankers. He has
broad operational experience, including serving as CEO of Arendals Fossekompani,
Head of M&A at Aker and Chief Operating Officer of Kværner, in addition to
holding chair- and board positions in listed companies including Mowi, Volue,
Seadrill and Archer. Today, Mr. Svanevik is a board member of, among others,
Axactor, Western Bulk and Paratus Energy. He holds an MSc in Economics and
Business Administration (Siviløkonom) from the Norwegian Business School (BI),
an MBA from Thunderbird and an AMP from Harvard.

About Mowi ASA
Mowi is one of the world's leading seafood companies and the largest producer of
farm-raised Atlantic salmon in the world, with an estimated harvest for 2024 of
500,000 tonnes from seven farming countries including Norway, Scotland, Ireland,
Faroes, Iceland, Canada and Chile. Mowi is a fully integrated global seafood
company, bringing salmon and other seafood of supreme quality to consumers
around the world, partly under its own MOWI brand. With headquarters in Bergen,
Norway, Mowi employs 11 500 people in 26 countries worldwide, and is listed on
the Oslo Stock Exchange. Turnover was EUR 5.5 billion in 2023.

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

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