Bakkafrost P/f

Remuneration Information • Jul 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

4,616,628 shares.

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

he holds 184,377 shares.

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

holds 314 shares.

· Annika Frederiksberg, Board Member, purchased 8 shares. After the

transaction, she holds directly and indirectly 16,027 shares.

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

the shares sold to the primary insiders, P/F Bakkafrost sold 1,037 shares to

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

1,108 shares and after the sale P/F Bakkafrost holds 29,384 treasury shares. The

transaction was based on the closing share price on 27 July 2020, which was NOK

551.50 per share, corresponding to DKK 384,78 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.