Bakkafrost P/f

BAKKAFROST: Bakkafrost's Share Savings Plan Allocates Shares

Bakkafrost has a share savings plan for employees of the Group. The purpose of

the plan is to strengthen the company culture and encourage loyalty through

employees becoming shareholders of Bakkafrost. After a lock-in period of two

calendar years, one free share will be awarded by Bakkafrost for each share

purchased according to the share savings plan.

The lock-in period for the share savings plan in 2021 ended on 31 December 2023.

Consequently, Bakkafrost has completed the allocation of shares to the Group's

employees in accordance with their savings in the share savings plan in 2021.

The value date of the allocation is 10 January 2024.

As participants of the share savings plan in 2021, the primary insiders below

have been allocated Bakkafrost shares:

· Regin Jacobsen, CEO, 243 shares allocated. After the transaction he holds

4,640,524 shares.

· Høgni Dahl Jakobsen, CFO, 152 shares allocated. After the transaction he

holds directly and indirectly 76,849 shares.

· Odd Eliasen, Managing Director, 194 shares allocated. After the transaction

he holds 186,906 shares.

· Annika Frederiksberg, Board Member, 67 shares allocated. After the

transaction she holds directly and indirectly 16,848 shares.

In addition to the shares allocated to the primary insiders, Bakkafrost

allocated 9,022 shares to other employees as part of the 2021 share savings

plan. In total Bakkafrost allocated 9,678 shares and hereby concluded the 2021

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.

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