Bakkafrost P/f

Legal Proceedings Report • Nov 16, 2018

BAKKAFROST: Temporary closure of FO 125 Glyvrar to export to Russia

BAKKAFROST: Temporary closure of FO 125 Glyvrar to export to Russia

Russian authorities Rosselkhoznadzor have imposed restrictions on import from

AUT 125 Glyvrar. The stated reason is found of some bacteria in a sample of off

cuts, that was imported to Russia.

Faroese Food Authorities Heilsufrøðisliga Starvsstova will inspect and go

through all documentation at the factory AUT 125 today and respond to

Russelkoznador next week.

The consequence of the issue is that export of off cuts to Russia from Aut 125

Glyvrar will stop from 23 November 2018 until further decision has been taken.

Bakkafrost will be able to reallocate our sales to other markets.

Contacts:

Regin Jacobsen, CEO of P/F Bakkafrost: +298 23 50 01 (mobile)

Gunnar Nielsen, 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.