Bakkafrost P/f

BAKKAFROST: Q4 2023 Trading Update

In Q4 2023 the harvest volumes for Bakkafrost's operation in the Faroe Islands

and Scotland were:

Faroe Islands: 16.0 thousand tonnes

· Farming North 10.5 thousand tonnes

· Farming West 3.9 thousand tonnes

· Farming South 1.7 thousand tonnes

Scotland: 1.1 thousand tonnes

· North 1.0 thousand tonnes

· South 0.0 thousand tonnes

The total harvest for 2023 in the Faroe Islands was 52.4 thousand tonnes and in

Scotland the total harvest in 2023 was 20.6 thousand tonnes. The total harvest

from the Bakkafrost Group in 2023 was 73.0 thousand tonnes.

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

Feed sales in Q4 2023 were 39.4 thousand tonnes. Havsbrún sourced 53.6 thousand

tonnes of raw materials in Q4 2023. The total feed sales for 2023 was 127.8

thousand tonnes and in total 467.1 thousand tonnes of marine raw material were

sourced in 2023.

The full Q4 2023 report will be released on 20 February 2024 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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