BAKKAFROST: Q1 2016 TRADING UPDATE

Harvest volumes in Q1 2016 are

Farming North 1.5 thousand tonnes.
Farming West 9.4 thousand tonnes.
Total Q1 2016 10.9 thousand tonnes.

The harvest volumes are provided in head on gutted (HOG) equivalents.

Feed sales in Q1 2016 are 14.5 thousand tonnes. Havsbrún sourced 71.6 thousand tonnes of raw materials in Q1 2016.

The full Q1 2016 report will be released on 10 May 2016 at 06:00 CET.

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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