FOR IMMEDIATE RELEASE
June 13, 2007

CONTACT:
Brandon MacGillis,
202.550.4580

Marine Harvest Ignores Shareholder Resolution, Refuses to Reform Company's Executive Compensation Policies

John Fredriksen, Company's Largest Shareholder, Opposes Reform Efforts

Oslo, Norway — Marine Harvest's board of directors today failed to vote on a shareholder resolution filed by the Pure Salmon Campaign. The resolution would have barred the board from relaxing the goals that managers must reach to win a bonus.

The resolution won support from key shareholders, including a Norwegian state pension fund, but not of John Fredriksen, the company's largest owner. The shipping tycoon owns 30% of Marine Harvest.

The Pure Salmon Campaign filed this resolution after Marine Harvest's CEO Atle Eide sold his entire stake in the company. He sold the shares after the board relaxed terms requiring him to hold shares for 4 years. Eide asked his investors to buy shares in a company that he runs and promotes, but has elected to hold no shares himself, Pure Salmon representatives said at the shareholder meeting.

Marine Harvest controls more than 30% of the global farmed salmon market and is the largest farmed salmon producer in the world. The Pure Salmon Campaign, which is campaigning for higher standards for farm-raised salmon, is concerned about the impact of Marine Harvest's global salmon farming operations on the environment, human health and workers.

"Our resolution urged the board to prevent executives, including the CEO, from selling their options," said Andrea Kavanagh, director, Pure Salmon Campaign. "It's not just good business sense, it's also important in establishing a sense of trust in Marine Harvest's stated corporate policies."

As a leader in the salmon farming industry, Marine Harvest and the operating procedures it uses will have a tremendous effect on the heath of the local environments and the well-being of the workers and citizens of the communities surrounding its facilities in Chile and elsewhere.

"The personal fortune of my people has been committed to this coastal land for thousands of years," said Bob Chamberlin, First Nations Chief of the Gilford Island Indian band and chair of the Musgamagw Tsawataineuk Tribal Council in the Broughton Archipelago, British Columbia. "Now, Marine Harvest management will shape the future of my people here. Shouldn't the executives of this company demonstrate they are financially committed as well?"

The Pure Salmon Campaign filed its shareholder resolution in April 2007. To read the shareholder resolution and supporting statement submitted by the Pure Salmon Campaign, go to http://www.puresalmon.org/norway.html

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The Pure Salmon Campaign is a global project of the National Environmental Trust. It has partners in the United States, Canada, Europe and Chile all working to improve the way salmon is produced. For more information, go to www.puresalmon.org.