Bakkafrost P/f

Director's Dealing • Feb 23, 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 27 shares. After the transaction, he holds

4,493,854 shares.

Gunnar Nielsen, CFO, purchased 20 shares. After the transaction, he holds 702

shares.

Odd Eliasen, Managing Director, purchased 21 shares. After the transaction, he

holds 172,013 shares.

Annika Frederiksberg, Board Member, purchased 10 shares. After the transaction,

she holds directly and indirectly 15,101 shares.

The shares were purchased from P/F Bakkafrost on 23 February 2017. In addition

to the shares sold to the primary insiders, P/F Bakkafrost sold 786 shares to

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

864 shares and after the sale P/F Bakkafrost holds 265,704 treasury shares. The

transaction was based on the closing share price on 23 February 2017, which was

NOK 317.90 per share, corresponding to DKK 268.31 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.