Bakkafrost P/f

Remuneration Information • Jan 2, 2020

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 2017 ended on 31 December 2019

and Bakkafrost has on 2 January 2020 allocated Bakkafrost shares to the Group's

employees in accordance with their savings in the share savings plan in 2017.

As participants of the share savings plan in 2017, the primary insiders below

have been allocated Bakkafrost shares:

· Regin Jacobsen, CEO, 354 shares allocated. After the transaction he holds

4,616,317 shares.

· Odd Eliasen, Managing Director, 276 shares allocated. After the transaction

he holds 184,146 shares.

· Annika Frederiksberg, Board Member, 123 shares allocated. After the

transaction she holds directly and indirectly 15,933 shares.

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

allocated 8,159 shares to other employees as part of the share savings plan in

2017. In total Bakkafrost allocated 8,912 shares.

By the share allocation on 2 January 2020 the share savings plan in 2017 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.