1. Leading the Blue Revolution May 2014 Marine Harvest - Henrik Heiberg

2. Forward looking statements 2 This presentation may be deemed to include forward-looking statements, such as statements that relate to Marine Harvest’s contracted volumes, goals and strategies, including strategic focus areas, salmon prices, ability to increase or vary harvest volume, production capacity, expectations of the completion and capacity of our fish feed plant, trends in the seafood industry, including industry supply outlook, exchange rate and interest rate hedging policies and fluctuations, dividend policy and guidance, asset base investments, capital expenditures and net working capital guidance, NIBD target, cash flow guidance and financing update, guidance on financial commitments and cost of debt and various other matters (including developments with respect to laws, regulations and governmental policies regulating the industry and changes in accounting policies, standards and interpretations) on Marine Harvest's business and results. These statements speak of Marine Harvest’s plans, goals, targets, strategies, beliefs, and expectations, and refer to estimates or use similar terms. Actual results could differ materially from those indicated by these statements because the realization of those results is subject to many risks and uncertainties. Our registration statement on Form 20-F filed with the US Securities and Exchange Commission in 2014 contain information about specific factors that could cause actual results to differ, and you are urged to read them. Marine Harvest disclaims any continuing accuracy of the information provided in this presentation after today.

3. Implied protein consumption driven by population growth only Sources: FAO (2009); FAOstat Food Balance Sheets, United Nations population data; World Population Prospects: the 2012 Revision Assumption: Constant consumption of protein per capita

4. Farmed Atlantic salmon relatively small 4 Sources: OECD-FAO Agricultural Outlook 2013 Kontali Analyse Atlantic salmon

5. Large opportunities within aquaculture species 5 Note: Size of circles indicates harvest volume Source: Kontali Analyse

6. Examples of protein co’s and area of potential 6

7. A unique nutritional package 7 Proteins: High quality, easy digestable proteins Omega-3: High content of Omega-3 fatty acids Vitamins: Rich in A, D og B12 vitamins Mineral: High content of iodine & selen, taurin og sterols

8. 8 Farmed salmon - Highly efficient use of resources

9. 9 Sources:Ytrestøyl et. al. (2014), Nationl Beef Association UK (2014), Volden, H and N. I. Nielsen, (2011) Energy and metabolizable protein supply, Skretting (2012) Delivering SUSTAINABLE FEED SOLUTIONS for aquaculture, SINTEF Report (2009) Carbon Footprint and energy use of Norwegian seafood products Farmed salmon - Highly efficient use of resources Notes:(1) FCR of cattle varies between 4.2 and 9.8 depending on feed (finished on cereal or grass). (2) Carbon equivalent per kg of edible product

10. 10 Value CAGR of 12% - Volume CAGR of 6%

11. Farmed Atlantic salmon by market 11 Source: Kontali Analyse

12. Historic price–volume relationship 12 Source: Kontali Analyse  Both 2012 and 2013 clear outliers compared to historical relationship

13. Estimates of the market for farmed Atlantic salmon 13 Source: Kontali Analyse

14. Historical price development 14 Note: Reference price in Oslo

15. Current licensing regime in Norway 15 Source: Kontali Analyse

16. 16 We own ~25% of the global production capacity! 220 thousand tonnes vs. global production of ~2.6m Marine Harvest business areas New #1 405 thousand tonnes vs. global production of c.1.85m (22%) Global sales network Leading position in VAP Focus areas: Successful construction and implementation by June/July 2014 Acquisitive growth in Norway and Chile Integration of Morpol Restructuring programme in VAP Organic growth in VAP Position: Bilder

17. Fish feed project proceeding according to plan 17  220 thousand tonnes capacity – 60% of MHG requirement in Norway (1)  ~NOK 800m investment - Completion June/July 2014 Notes: (1) Based on 2014 harvest volume estimate

18. 18 MH harvest volume 2014E (tonnes HOG) Canada Volume: 29 000 Chile Volume: 59 500 Faroe Islands Volume: 9 000 Scotland Volume: 49 500 Ireland Volume: 6 000 Norway Region North Volume: 61 000 Norway Region North Volume: 61 000 Norway Region Mid Volume: 63 000 Norway Region Mid Volume: 63 000 Norway Region West Volume: 84 000 Norway Region West Volume: 84 000 Norway Region South Volume: 56 000 Norway Region South Volume: 56 000 Marine Harvest farming regions

19. Biological risk - Benefit of geographic diversification 19

20. Marine Harvest’s Sales & Marketing network 20 Note: All figures are volume guidance for 2014 (except VAP Europe which is the 2013 figure). Actual harvest volumes will be affected by e.g. water temperatures, development in biological growth, biological challenges such as diseases, algea blooms etc. and market developments. Norway Scotland Poland The Czech Republic France Italy Ireland The Netherlands Belgium Spain Asia China Japan South Korea Taiwan Hong Kong Singapore Chile Canada USA Head office Primary and secondary processing Feed factory Sales Significant consumer good processing assets in Europe, US and Asia

21. Morpol – acquired in 2013 21  Major step in becoming a leading integrated protein player  The leading secondary processing entity in Europe  Complementary market position to Marine Harvest  ~About 4,000 employees

22. Q1 2014 segment overview 22

23. 2013 segment overview 23

24. Industry supply outlook 24 Actual harvest volumes will be affected by e.g. water temperatures, development in biological growth, biological challenges such as diseases, algae blooms etc. and market developments.

25. MHG – 2014 volume guidance 25 Actual harvest volumes will be affected by e.g. water temperatures, development in biological growth, biological challenges such as diseases, algae blooms etc. and market developments.

26. Outlook 26  Strong demand expected to continue  Forward prices of NOK 38.8 per kg for Q2-Q4 2014  However, higher supply growth expected for remainder of year  Strategic focus areas  Successful development of green-field feed capacity  Acquisitions in Norway and Chile  Integration of Morpol  High sea lice awareness in Norway – Chile remains concerning  Risk of adverse regulatory change in Norway  Quarterly dividend of NOK 5 per share proposed to AGM