Bakkafrost P/f

BAKKAFROST - Allocation of shares from the Subsequent Offer to primary insiders

Reference is made to the announcements from P/F Bakkafrost ("Bakkafrost") on 6

December 2019 related to the final result of the subsequent offering of up to

1,000,000 new shares (the "Offer Shares") at a subscription price of NOK 500 per

share (the "Subsequent Offering"), and during which 869,756 new shares were

issued.

The allocation of shares has now been completed to beneficial owners of nominee

accounts including primary insiders in Bakkafrost. The following primary

insiders were allocated shares as a result of subscription for shares in the

Subsequent Offer:

· Odd Eliasen, Managing Director, was allocated 10.230 shares. After the

transaction he holds 183.853 shares

· Rúni M. Hansen, Chairman of the board, was allocated 761 shares. After the

transaction he holds 10.761 shares

For further information please contact:

· Regin Jacobsen, CEO of P/F Bakkafrost: +298 235001 (mobile)

· Høgni Dahl Jakobsen, CFO of P/F Bakkafrost: +298 235060 (mobile)

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

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