Bakkafrost P/f

Transaction in Own Shares • Mar 27, 2017

BAKKAFROST: Share Savings Plan Transaction

BAKKAFROST: Share Savings Plan Transaction

As a part of the share savings plan for employees in 2017, the following primary

insiders have purchased Bakkafrost shares:

Regin Jacobsen, CEO, purchased 33 shares. After the transaction, he holds

4,493,887 shares.

Gunnar Nielsen, CFO, purchased 23 shares. After the transaction, he holds 725

shares.

Odd Eliasen, Managing Director, purchased 25 shares. After the transaction, he

holds 172,038 shares.

Annika Frederiksberg, Board Member, purchased 11 shares. After the transaction,

she holds directly and indirectly 15,112 shares.

The shares were purchased from P/F Bakkafrost on 27 March 2017. In addition to

the shares sold to the primary insiders, P/F Bakkafrost sold 960 shares to other

employees as part of the share savings plan. In total P/F Bakkafrost sold 1,052

shares and after the sale P/F Bakkafrost holds 264,652 treasury shares. The

transaction was based on the closing share price on 27 March 2017, which was NOK

284.70 per share, corresponding to DKK 229.78 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)

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.