Bakkafrost P/f

BAKKAFROST: Q4 2021 Trading Update

In Q4 2021 the harvest volumes for Bakkafrost's operation in the Faroe Islands

and Bakkafrost's subsidiary in Scotland, The Scottish Salmon Company (SSC),

were:

Faroe Islands: 20.7 thousand tonnes

· Farming North 9.3 thousand tonnes

· Farming West 8.9 thousand tonnes

· Farming South 2.5 thousand tonnes

Scotland: 5.1 thousand tonnes

The total harvest for 2021 in the Faroe Islands was 67.2 thousand tonnes and in

Scotland (SSC) the total harvest in 2021 was 29.7 thousand tonnes. The total

harvest from the Bakkafrost Group in 2021 was 96.9 thousand tonnes.

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

Feed sales in Q4 2021 were 32.6 thousand tonnes. Havsbrún sourced 27.3 thousand

tonnes of raw materials in Q4 2021. The total feed sales for 2021 was 128.5

thousand tonnes and in total 152.4 thousand tonnes of waw material were sourced

in 2021.

The full Q4 2021 report will be released on 22 February 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.

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