Bakkafrost P/f

Earnings Release • Jul 4, 2023

BAKKAFROST: Q2 2023 Trading Update

BAKKAFROST: Q2 2023 Trading Update

In Q2 2023, the harvest volumes for Bakkafrost's operation in the Faroe Islands

and Scotland were:

The total harvest in the quarter was 16.0 thousand tonnes:

Faroe Islands: 8.7 thousand tonnes

· Farming North      1.3 thousand tonnes

· Farming West       5.5 thousand tonnes

· Farming South      1.9 thousand tonnes

Scotland: 7.3 thousand tonnes

· North    3.3 thousand tonnes

· South   4.0 thousand tonnes

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

Feed sales in Q2 2023 were 30.2 thousand tonnes. Havsbrún sourced 147.9 thousand

tonnes of raw materials in Q2 2023.

The full Q2 2023 report will be released on 22 August 2022 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.