Reference is made to the press release dated 15 May 2013 regarding the contemplated sale of shares in P/F Bakkafrost ("BAKKA" or the "Company"). Due to strong investor demand, SalMar ASA ("SALM") decided to increase the transaction and has today sold 7,325,000 shares in BAKKA at a price of NOK 70 per share. The shares were placed through an accelerated bookbuilding process managed by Carnegie AS and Pareto Securities AS. SALM, now holding 7,268,904 shares (including the 2,277,600 shares held under a TRS agreement) or approximately 14.9 percent of the outstanding shares in BAKKA, has undertaken customary lock-up for all their remaining shares in the Company lasting until 1 January 2014. As a consequence of the transaction, SALM has passed the thresholds of 25 percent, 20 percent and 15 percent of the outstanding share capital in BAKKA, requiring notification under the second paragraph of section 4-2 of the Securities Trading Act.