BAKKAFROST: Q2 2016 TRADING UPDATE

Harvest volumes in Q2 2016 are

Farming North 8.9 thousand tonnes.
Farming West 4.1 thousand tonnes.
Total Q2 2016 13.0 thousand tonnes.

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

Harvested volumes from P/F Faroe Farming are not included in the Q2 2016 trading update, but will be included in the Q3 2016 trading update.

Feed sales in Q2 2016 are 16.3 thousand tonnes. Havsbrún sourced 84.0 thousand tonnes of raw materials in Q2 2016.

The full Q2 2016 report will be released on 23 August 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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