Bakkafrost P/f

Transaction in Own Shares • Aug 27, 2020

BAKKAFROST: Share Savings Plan Transaction

BAKKAFROST: Share Savings Plan Transaction

As a part of the share savings plan for employees in 2020, the following primary

insiders have purchased Bakkafrost shares:

· Regin Jacobsen, CEO, purchased 26 shares. After the transaction, he holds

4,616,654 shares.

· Odd Eliasen, Managing Director, purchased 21 shares. After the transaction,

he holds 184,398 shares.

· Høgni Dahl Jakobsen, CFO, purchased 16 shares. After the transaction, he

holds 330 shares.

· Annika Frederiksberg, Board Member, purchased 7 shares. After the

transaction, she holds directly and indirectly 16,034 shares.

The shares were purchased from P/F Bakkafrost on 27 August 2020. In addition to

the shares sold to the primary insiders, P/F Bakkafrost sold 969 shares to other

employees as part of the share savings plan. In total P/F Bakkafrost sold 1,039

shares and after the sale P/F Bakkafrost holds 103,345 treasury shares. The

transaction was based on a share price of NOK 548.50 per share, corresponding to

DKK 388.12 per share.

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.