BAKKAFROST: Decision to harvest the remaining fish at A-73 Hvannasund Norður

The farming site A-73 Hvannasund Norður has been under suspicion of pathogenic ISA and is presently under increased surveillance. Reference is made to market announcement on 14 July 2016, 21 July 2016 and 20 January 2017.

As a precautionary action, Bakkafrost has decided to harvest the remaining fish at A-73 Hvannasund Norður. The accelerated harvest is expected to be finished by the end of April 2017. Farming site A-73 Hvannasund Norður presently holds approximately 1.0 million fish with an average weight of 3.2 kg whole fish equivalent.

Consequently, the expected harvest volumes for 2017 will be reduced by around 2,000 tonnes gutted weight.

The ISA suspicion has not been confirmed, but the farming site A-73 Hvannasund Norður is still under increased surveillance.

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.