Bakkafrost P/f

Related Party Transaction • Dec 19, 2016

BAKKAFROST: Share Savings Plan Transaction

BAKKAFROST: Share Savings Plan Transaction

As a part of the share savings plan for employees in 2016, the following primary

insiders have purchased Bakkafrost shares:

Regin Jacobsen, CEO, purchased 26 shares. After the transaction he holds

4,493,517 shares.

Gunnar Nielsen, CFO, purchased 19 shares. After the transaction he holds 662

shares.

Odd Eliasen, Managing Director, purchased 20 shares. After the transaction he

holds 171,717 shares.

Annika Frederiksberg, Board Member, purchased 9 shares. After the transaction

she holds directly and indirectly 14,974 shares.

The shares were purchased from P/F Bakkafrost on 19 December 2016. In addition

to the shares sold to the primary insiders, P/F Bakkafrost sold 600 shares to

other employees as part of the share savings plan. In total P/F Bakkafrost sold

674 shares and after the sale P/F Bakkafrost holds 274,575 treasury shares. The

transaction was based on the closing share price on 19 December 2016, which was

NOK 347.50 per share, corresponding to DKK 285.51 per share.

For further information about Bakkafrost's share savings plan, see

www.bakkafrost.com/en/investor-relations/share-information/share-savings-plan

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.