BAKKAFROST: Bakkafrost’s Share Savings Plan Allocates Shares

In 2014, Bakkafrost established a share savings plan for employees of the Group. The purpose of the plan is to strengthen the company culture and encourage loyalty through employees becoming shareholders of Bakkafrost. After a lock-in period of two calendar years, one free share will be awarded by Bakkafrost for each share purchased according to the share savings plan.

The lock-in period for the share savings plan in 2014 ended on 31 December 2016 and Bakkafrost has on 2 January 2017 allocated Bakkafrost shares to the Group’s employees in accordance with their savings in the shares savings plan in 2014.

As participants of the share savings plan in 2014, the primary insiders below have been allocated Bakkafrost shares:

Regin Jacobsen, CEO, 281 shares allocated. After the transaction he holds 4,493,798 shares.

Odd Eliasen, Managing Director, 253 shares allocated. After the transaction he holds 171,970 shares.

Annika Frederiksberg, Board Member, 107 shares allocated. After the transaction she holds directly and indirectly 15,081 shares.

In addition to the shares allocated to the primary insiders, Bakkafrost allocated 6,603 shares to other employees as part of the share savings plan in 2014. In total Bakkafrost allocated 7,244 shares and after the allocation Bakkafrost holds 267,331 treasury shares.

By the share allocation on 2 January 2017 the share savings plan in 2014 is concluded.

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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