Bakkafrost P/f

Regulatory Filings • Apr 25, 2014

Bakkafrost increases ownership in Hanstholm Fiskemelsfabrik to 81.01%

Bakkafrost increases ownership in Hanstholm Fiskemelsfabrik to 81.01%

Bakkafrost has via its 100% owned subsidiary Havsbrún,

purchased a further 41.15% in Hanstholm

Fiskemelsfabrik. Following the acquisition the

shareholder structure in Hanstholm Fiskemelsfabrik is

as follow:

Bakkafrost: 81.01%

Minority shareholders: 13,73%

Treasury shares: 5.26%

Minority shareholder will be able to sell their 13.73%

of the shares in the company.

The investment is a strategic investment and part of

the consolidation of the fishmeal and fish oil

industry, which Bakkafrost will be part of.

Hanstholm Fiskemelsfabrik is a fishmeal and fish oil

producer in Hanstholm in Denmark. The company sourced

in 100,000 tonnes of pelagic fish in 2013 for

production of fish meal and fish oil. Hanstholm

Fiskemelsfabrik had a financial loss of DKK 18 million

in 2013. The total assets amounts to DKK 157 million

and the equity was DKK 40 million.

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 630 employees.

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