BAKKAFROST: High Mortality at Farming Site A-81 Kolbanagjógv

Bakkafrost recorded elevated mortality level at farming site A-81 Kolbanagjógv on 20 September 2018. Approximately 750 thousand fish with an average weight of 500 gramme live weight died within a couple of hours. The fish at farming site A-81 Kolbanagjógv was released into the sea in June - August 2018.

It has not been possible to confirm the cause of the incident, but algae phaeocystis, pseudo-nitzscia and heterosigma were registered in the sea at farming site A-81 Kolbanagjógv on 20 September 2018, and the algae are suspected to have caused the mortality incident on 20 September 2018. It has also been confirmed that prior to and while the incident occurred, manure has been sprayed as fertilizer onto the infield only 200 meters from the farming site A-81 Kolbanagjógv. Continuous examinations are being done to confirm the cause of the sudden and short mortality incident.

Farming activity has been at the farming site A-81 Kolbanagjógv for the past 30 years, and there has never been a similar incident. Bakkafrost has not observed any similar situations at other farming sites in recent days.

Bakkafrost will be finished taking all the dead fish out of the sea at farming site A-81 Kolbanagjógv tomorrow, and nothing abnormal has been registered since 20 September 2018. Bakkafrost has people monitoring the situation closely at farming site A-81 Kolbanagjógv. The fish at farming site A-81 Kolbanagjógv is insured.

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.