Allocation of matching shares in Bakkafrost Share Savings Plan

Bakkafrost has a share savings plan for its employees. The plan's purpose is to strengthen the company culture and encourage loyalty by encouraging employees to become shareholders. After a lock-in period of two calendar years, Bakkafrost will award one free matching share for each share purchased and held according to the share savings plan.

The lock-in period for the share savings plan in 2022 ended on 31 December 2024. Consequently, Bakkafrost has completed the allocation of matching shares to the Group's employees in accordance with their savings in the share savings plan in 2022. The value date of the allocation is 15 January 2025.

As participants of the share savings plan in 2022, the primary insiders below have been allocated matching shares:

• Regin Jacobsen, CEO, 287 matching shares allocated. After the transaction, he holds 4,642,272 shares.
• Høgni Dahl Jakobsen, CFO, 208 matching shares allocated. After the transaction, he holds directly and indirectly 78,516 shares.
• Odd Eliasen, Managing Director, 209 matching shares allocated. After the transaction, he holds 188,131 shares.
• Annika Frederiksberg, Board Member, 77 matching shares allocated. After the transaction, she holds directly and indirectly 17,168 shares.

In addition to the shares allocated to the primary insiders, Bakkafrost allocated 12,696 matching shares to other employees as part of the 2022 share savings plan. In total Bakkafrost allocated 13,477 matching shares and hereby concluded the 2022 share savings plan.

For further information about Bakkafrost's share savings plan, see www.bakkafrost.com/en/investor-relations/share-information/share-savings-plan

Contacts:

• Regin Jacobsen, CEO of P/F Bakkafrost: +298 23 50 01 (mobile)
• Høgni Dahl Jakobsen, 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.