Bakkafrost P/f

Earnings Release • Oct 3, 2023

BAKKAFROST: Q3 2023 Trading Update

BAKKAFROST: Q3 2023 Trading Update

In Q3 2023, the harvest volumes for Bakkafrost's operation in the Faroe Islands

and Scotland were:

The total harvest in the quarter was 20.8 thousand tonnes:

Faroe Islands: 16.7 thousand tonnes

· Farming North   12.0 thousand tonnes

· Farming West      2.0 thousand tonnes

· Farming South     2.8 thousand tonnes

Scotland: 4.1 thousand tonnes

· North    2.9 thousand tonnes

· South   1.2 thousand tonnes

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

Feed sales in Q3 2023 were 35.9 thousand tonnes. Havsbrún sourced 109.7 thousand

tonnes of raw materials in Q3 2023.

The full Q3 2023 report will be released on 7 November 2023 at 06:00 CET.

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.