MANDATORY BID FOR THE DEPOSITARY RECEIPTS AND OUTSTANDING COMMON SHARES IN THE SCOTTISH SALMON COMPANY PLC (the "Company")
P/F Bakkafrost ("Bakkafrost") hereby announces a mandatory offer for all of the depositary receipts (representing common shares) and the common shares not covered by depositary receipts in the Company which are not already owned by Bakkafrost. The depositary receipts and common shares covered by the offer represent 19.23% of all of the common shares issued by the Company. Bakkafrost is already the beneficial owner of 80.77% of all the common shares issued by the Company. The offer price is NOK 28.25, which is the highest price paid by Bakkafrost for the Company's depositary receipts