Bakkafrost P/f

Capital/Financing Update • Mar 14, 2016

Bakkafrost: Strategic Decision to Enhance Investment in Hatchery

Bakkafrost: Strategic Decision to Enhance Investment in Hatchery

Bakkafrost has decided to enhance already ongoing hatchery investments. The new

long-term goal is to increase the size of smolts to 400-500g each in 2019.

The Board of Directors of Bakkafrost has today approved the construction of a

new hatchery at Strond in Klaksvík, Faroe Islands. The investment in the new

hatchery will amount to approximately DKK 650 million. The new hatchery is

planned to be finished in 2018.

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.