Bakkafrost P/f

Related Party Transaction • Dec 19, 2019

BAKKAFROST: Share Savings Plan Transaction

BAKKAFROST: Share Savings Plan Transaction

As a part of the share savings plan for employees in 2019, the following primary

insiders have purchased Bakkafrost shares:

· Regin Jacobsen, CEO, purchased 21 shares. After the transaction, he holds

4,615,963 shares.

· Odd Eliasen, Managing Director, purchased 17 shares. After the transaction,

he holds 183,870 shares.

· Høgni Dahl Jakobsen, CFO, purchased 13 shares. After the transaction, he

holds 140 shares.

· Annika Frederiksberg, Board Member, purchased 6 shares. After the

transaction, she holds directly and indirectly 15,810 shares.

The shares were purchased from P/F Bakkafrost on 19 December 2019. In addition

to the shares sold to the primary insiders, P/F Bakkafrost sold 530 shares to

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

sold 587 shares and after the sale P/F Bakkafrost holds 892 treasury shares. The

transaction was based on the closing share price on 19 December 2019, which was

NOK 636.00 per share, corresponding to DKK 476.24 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.