Allocations of Shares and Share Saving Plan Transaction

Allocation of Shares

P/F Bakkafrost has as a bonus to the employees for 2014, paid the following primary insiders shares in P/F Bakkafrost based on the closing price on 12th May 2015:

Regin Jacobsen, CEO, was allocated 202 shares.

Odd Eliasen, Managing Director, was allocated 177 shares.

Gunnar Nielsen, CFO, was allocated 11 shares.

Annika Frederiksberg, Board Member and part of the sales team in Bakkafrost, was allocated 70 shares.

All full-time employees from 2014, still employed in Bakkafrost, have received bonus shares with a total value of 2% of paid out salary in 2014. In total Bakkafrost has allocated 22,107 shares to its employees including the shares to the primary insiders as a bonus to the employees for 2014.

The transaction was allocated based on the closing share price on 12th May 2015, which was NOK 187.50 per share, corresponding to DKK 166.69 per share.


Share Saving Plan Transaction

As a part of the share saving plan for employees in 2015, the following primary insiders have purchased Bakkafrost shares:

Regin Jacobsen, CEO, purchased 90 shares.

Odd Eliasen, Managing Director, purchased 69 shares.

Gunnar Nielsen, CFO, purchased 54 shares.

Annika Frederiksberg, Board Member and part of the sales team in Bakkafrost, purchased 30 shares.

The shares were purchased from P/F Bakkafrost. In addition to the shares sold to the primary insiders, P/F Bakkafrost sold 2,137 shares to other employees as part of the share saving plan. The transaction was based on the closing share price on 12th May 2015, which was NOK 187.50 per share, corresponding to DKK 166.69 per share.

After these two transaction, the holding of Bakkafrost shares of the following primary insiders are:

Regin Jacobsen, CEO, holds 4,492,701 shares.

Odd Eliasen, Managing Director, holds 171,092 shares.

Gunnar Nielsen, CFO, holds 129 shares.

Annika Frederiksberg, Board Member and part of the sales team in Bakkafrost, holds 14,703 shares.

In total P/F Bakkafrost allocated 22,107 shares as bonus for employees for 2014 and sold 2,380 shares as part of the share saving plan. After these two transactions, P/F Bakkafrost holds 307,813 treasury shares.


Contacts:

Regin Jacobsen, CEO of P/F Bakkafrost: +298 235001 (mobile)

Gunnar Nielsen, CFO of P/F Bakkafrost: +298 235060 (mobile)

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

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