AKVA group ASA initiates share buyback program

AKVA group ASA ("AKVA group" or the "Company") has decided to initiate a share buyback programme for up to 200 000 shares. The buyback programme will be conducted by market purchases in accordance with the authorization granted to the board of directors by the annual general meeting on 15 May 2018. It has been proposed to the annual general meeting to be held on 9 May 2019 (the "AGM") to renew the authorization on similar terms. Buyback transactions will be executed according to the market price on the Oslo Stock Exchange, and the maximum aggregate consideration to be paid for shares acquired under the buyback programme is NOK 30 million (NOK 150 per share).

The programme will be initiated today and terminated on 31 July 2019 at the latest, however if the authorization as proposed to the AGM is not renewed, the programme will be terminated on 9 May 2019. AKVA group may at any time without further notice close or suspend the programme.

Shares purchased under the programme will be used for the Company's stock- and incentive program for the Company’s senior management.

The maximum number of shares which may be purchased in any one day is limited to 50% of the average daily volume of AKVA group shares traded in the 20 trading days preceding the day of purchase.

The share buyback programme is managed and will be executed by Sparebank 1 Markets AS on behalf of AKVA group.

Date: 2 April 2019

AKVA group ASA

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AKVA group is the leading provider of technology and services to the global fish farming industry and the only with global distribution. The products consist of software systems, operational equipment and sensor systems, feed systems, cage systems, nets, net cleaning systems, light systems and recirculation aquaculture systems.

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