Bakkafrost P/f

Director's Dealing • Nov 24, 2016

BAKKAFROST: Share Savings Plan Transaction

BAKKAFROST: Share Savings Plan Transaction

As a part of the share savings plan for employees in 2016, the following primary

insiders have purchased Bakkafrost shares:

Regin Jacobsen, CEO, purchased 26 shares. After the transaction he holds

4,493,491 shares.

Gunnar Nielsen, CFO, purchased 19 shares. After the transaction he holds 643

shares.

Odd Eliasen, Managing Director, purchased 20 shares. After the transaction he

holds 171,697 shares.

Annika Frederiksberg, Board Member, purchased 9 shares. After the transaction

she holds directly and indirectly 14,965 shares.

The shares were purchased from P/F Bakkafrost on 24 November 2016. In addition

to the shares sold to the primary insiders, P/F Bakkafrost sold 629 shares to

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

703 shares and after the sale P/F Bakkafrost holds 275,249 treasury shares. The

transaction was based on the closing share price on 24 November 2016, which was

NOK 351.90 per share, corresponding to DKK 288.07 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.