Bakkafrost P/f

Earnings Release • Jan 3, 2019

BAKKAFROST: Q4 2018 Trading Update

BAKKAFROST: Q4 2018 Trading Update

Harvest volumes in Q4 2018 are

Farming North 4.0 thousand tonnes

Farming West 8.3 thousand tonnes

Total Q4 2018 12.3 thousand tonnes

The harvest volumes are provided in head on gutted (HOG) equivalents.

Bakkafrost's guidance for harvest in 2019 is increased by 1,500 tonnes gutted

weight, from 53,000 to 54,500 tonnes gutted weight.

Feed sales in Q4 2018 are 24.7 thousand tonnes. Havsbrún sourced 46.5 thousand

tonnes of raw materials in Q4 2018.

The full Q4 2018 report will be released on 19 February 2019 at 06:00 CET.

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.