Bakkafrost P/f

Transaction in Own Shares • Oct 28, 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 25 shares. After the transaction he holds

4,493,465 shares.

Gunnar Nielsen, CFO, purchased 18 shares. After the transaction he holds 624

shares.

Odd Eliasen, Managing Director, purchased 19 shares. After the transaction he

holds 171,677 shares.

Annika Frederiksberg, Board Member, purchased 8 shares. After the transaction

she holds directly and indirectly 14,956 shares.

The shares were purchased from P/F Bakkafrost on 27 October 2016. In addition to

the shares sold to the primary insiders, P/F Bakkafrost sold 640 shares to other

employees as part of the share savings plan. In total P/F Bakkafrost sold 710

shares and after the sale P/F Bakkafrost holds 275,952 treasury shares. The

transaction was based on the closing share price on 27 October 2016, which was

NOK 359.00 per share, corresponding to DKK 297.14 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.