BAKKAFROST: Allocations of Shares and Share Savings Plan Transaction

Allocation of Shares

P/F Bakkafrost has as a bonus to the employees for 2015, paid the following primary insiders shares in P/F Bakkafrost based on the closing price on 26 May 2016:

Regin Jacobsen, CEO, was allocated 150 shares.

Gunnar Nielsen, CFO, was allocated 90 shares.

Odd Eliasen, Managing Director, was allocated 114 shares.

Annika Frederiksberg, Board Member and part of the sales team in Bakkafrost, was allocated 46 shares.

All full-time employees from 2015, still employed in Bakkafrost, have received bonus shares with a total value of 2% of paid out salary in 2015. In total, Bakkafrost has allocated 16,484 shares to its employees, including the shares to the primary insiders, as a bonus to the employees for 2015.

The transaction was allocated based on the closing share price on 26 May 2016, which was NOK 322.10 per share, corresponding to DKK 259.03 per share.

Share Savings Plan Transaction

As a part of the share savings plan for employees in 2016, the following primary insiders have purchased Bakkafrost shares:

Regin Jacobsen, CEO, purchased 29 shares.

Gunnar Nielsen, CFO, purchased 21 shares.

Odd Eliasen, Managing Director, purchased 22 shares.

Annika Frederiksberg, Board Member, purchased 9 shares.

The shares were purchased from P/F Bakkafrost on 26 May 2016. In addition to the shares sold to the primary insiders, P/F Bakkafrost sold 696 shares to other employees as part of the share savings plan. In total P/F Bakkafrost sold 777 shares. The transaction was based on the closing share price on 26 May 2016, which was NOK 322.10 per share, corresponding to DKK 259.03 per share.

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

Regin Jacobsen, CEO, holds 4,493,319 shares.

Gunnar Nielsen, CFO, holds 519 shares.

Odd Eliasen, Managing Director, holds 171,565 shares.

Annika Frederiksberg, Board Member and part of the sales team in Bakkafrost, holds directly and indirectly 14,906 shares.

In total P/F Bakkafrost allocated 16,484 shares as bonus for employees for 2015 and sold 777 shares as part of the share savings plan. After these two transactions, P/F Bakkafrost holds 279,831 treasury shares.

For further information about Bakkafrost’s share savings plan, see www.bakkafrost.com/en/investor-relations/share-information/share-savings-plan

Contacts:

Regin Jacobsen, CEO of P/F Bakkafrost: +298 23 50 01 (mobile)

Gunnar Nielsen, CFO of P/F Bakkafrost: +298 23 50 60 (mobile)

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

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