Bakkafrost P/f - Earnings Release 2022

BAKKAFROST: Q3 2022 Trading Update

In Q3 2022 the harvest volumes for Bakkafrost's operation in the Faroe Islands

and Scotland were:

The total harvest in the quarter was 24.9 thousand tonnes:

Faroe Islands: 16.8 thousand tonnes

· Farming North 8.7 thousand tonnes

· Farming West 5.7 thousand tonnes

· Farming South 2.5 thousand tonnes

Scotland: 8.1 thousand tonnes

· North 3.0 thousand tonnes

· South 5.1 thousand tonnes

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

Feed sales in Q3 2022 were 37.8 thousand tonnes. Havsbrún sourced 76.1 thousand

tonnes of raw materials in Q3 2022.

The full Q3 2022 report will be released on 8 November 2022 at 06:00 CET.

Contacts:

· Regin Jacobsen, CEO of P/F Bakkafrost: +298 23 50 01 (mobile)

· Høgni Dahl Jakobsen, 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.

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