Bakkafrost P/f

Remuneration Information • Jan 4, 2021

BAKKAFROST: Bakkafrost's Share Savings Plan Allocates Shares

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 2018 ended on 31 December 2020

and Bakkafrost has on 4 January 2021 allocated Bakkafrost shares to the Group's

employees in accordance with their savings in the share savings plan in 2018.

As participants of the share savings plan in 2018, the primary insiders below

have been allocated Bakkafrost shares:

· Regin Jacobsen, CEO, 268 shares allocated. After the transaction he holds

4,617,023 shares.

· Odd Eliasen, Managing Director, 224 shares allocated. After the transaction

he holds 184,703 shares.

· Annika Frederiksberg, Board Member, 96 shares allocated. After the

transaction she holds directly and indirectly 16,159 shares.

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

allocated 7,033 shares to other employees as part of the share savings plan in

2018. In total Bakkafrost allocated 7,621 shares.

By the share allocation on 4 January 2021 the share savings plan in 2018 is

concluded.

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.