BAKKAFROST: Q3 2016 TRADING UPDATE

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Harvest volumes in Q3 2016 are

Farming North 10.4 thousand tonnes
Farming West 0.3 thousand tonnes
Total Q3 2016 10.7 thousand tonnes

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

As announced in previous trading update, harvested volumes from Faroe Farming are included from Q3 2016. Faroe Farming is part of Farming West, but has not harvested in Q3 2016.

Feed sales in Q3 2016 are 28.9 thousand tonnes. Havsbrún sourced 11.0 thousand tonnes of raw materials in Q3 2016.

The full Q3 2016 report will be released on 8 November 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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