Bakkafrost P/f - Earnings Release 2023

BAKKAFROST: Q1 2023 Trading Update

In Q1 2023 the harvest volumes for Bakkafrost's operation in the Faroe Islands

and Scotland were:

The total harvest in the quarter was 19.1 thousand tonnes:

Faroe Islands: 11.0 thousand tonnes

· Farming North 4.1 thousand tonnes

· Farming West 3.8 thousand tonnes

· Farming South 3.0 thousand tonnes

Scotland: 8.1 thousand tonnes

· North 8.1 thousand tonnes

· South 0.0 thousand tonnes

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

Feed sales in Q1 2023 were 22.3 thousand tonnes. Havsbrún sourced 156.0 thousand

tonnes of raw materials in Q1 2023.

The full Q1 2023 report will be released on 9 May 2023 at 06:00 CET.

Contacts:

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

01) (mobile)

· Høgni Dahl Jakobsen, CFO of P/F Bakkafrost: +298 23 50 60 (http://tel:+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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