Bakkafrost P/f

Board/Management Information • Oct 5, 2014

CFO resigns

CFO resigns

Bakkafrost's CFO, Teitur Samuelsen, has notified

the company that he resigns from his position. Mr.

Samuelsen has decided to pursue a new job

opportunity.

Mr. Samuelsen has been with Bakkafrost since late

2009, prior to the listing of Bakkafrost on the

Oslo Stock Exchange in March 2010.

Bakkafrost has with regret accepted Samuelsen's

decision and will promptly start the process of

recruiting his replacement. Bakkafrost has agreed

with Mr. Samuelsen that he will provide assistance

to the company until a new CFO is hired, to ensure

a smoothly transition.

Contacts:

Regin Jacobsen, CEO of P/F Bakkafrost: +298 23 50

01(mobile)

Teitur Samuelsen, CFO of P/F Bakkafrost: +298 23 51

11 (mobile)

This information is subject of the disclosure

requirements acc. to §5-12 vphl (Norwegian

Securities Trading Act)

About Bakkafrost:

Bakkafrost is the largest salmon farmer in the

Faroe Islands. The Group is fully integrated from

feed production to smolt, farming, VAP and sales.

The Group has production of fish meal, fish oil and

salmon feed in Fuglafjørður. The Group operates

licenses on 14 farming fjords. The Group has

primary processing in Klaksvík, Kollafjørð and

Strendur and secondary processing (VAP) in Glyvrar

and Fuglafjørður. The headquarters are located in

Glyvrar, and the company has a total of 640

employees.

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