Bakkafrost P/f

BAKKAFROST P/F (the "Company") - EXTRAORDINARY GENERAL MEETING

The extraordinary general meeting in the Company called for today, 18 October

2019, in order to consider a proposal from the Company's board of directors (the

"Board") to authorise the Board to issue up to 6,000,000 new shares (the

"Authority") approved the proposal as presented.

53.8% of the shares were represented in the meeting. 99.1% of the represented

shares voted in favour of the Board's proposal, 0.9% voted against while 0%

abstained.

A copy of the minutes from the general meeting is attached hereto.

The Authority will enable the Board to issue:

· 2,256,470 new shares to Northern Link Limited in settlement of the seller's

credit granted by Northern Link Limited at the closing of the Company's purchase

of Northern Link Limited's holding of approx. 68.6% of the equity instruments in

The Scottish Salmon Company Limited; and

· 2,358,709 shares to DNB Bank ASA for the purpose of enabling DNB Bank ASA to

redeliver the same number of shares borrowed from Mr. Regin Jacobsen in

connection with the settlement of the private placement announced by the Company

on 25 September 2019;

in the short term. This will close the remaining matters relevant to the private

placement of new shares announced on 25 September 2019 and the share purchase

agreement with Northern Link Limited for the majority of the equity instruments

in The Scottish Salmon Company Plc.

The Board expects to pass the necessary resolutions to issue the above shares

during the first half of next week.

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

-12 of the Norwegian Securities Trading Act.

AI Terminal