Bakkafrost P/f

BAKKAFROST - COMPULSORY ACQUISITION OF REMAINING SHARES IN THE SCOTTISH SALMON COMPANY PLC

P/F Bakkafrost ("Bakkafrost") has today initiated a compulsory acquisition of

the shares in The Scottish Salmon Company PLC ("SSC") not already owned by

Bakkafrost.

These shares represent approx. 4.5% of the total number of shares in issue in

SSC.

The shareholders will be offered a compensation of NOK 28.25 per share in the

compulsory acquisition. This is the same amount as the price paid by Bakkafrost

for the shares in SSC acquired through Bakkafrost's mandatory offer which closed

in December last year. The total compensation due from Bakkafrost to the

shareholders whose shares are compulsory acquired will be approx. NOK 240

million.

The compulsory acquisition process is expected to close in week 9 whereafter

Bakkafrost will have completed the acquisition of all of the shares in SSC.

For further information please contact:

· 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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