Bakkafrost P/f

Related Party Transaction • Sep 27, 2018

BAKKAFROST: Share Savings Plan Transaction

BAKKAFROST: Share Savings Plan Transaction

As a part of the share savings plan for employees in 2018, the following primary

insiders have purchased Bakkafrost shares:

Regin Jacobsen, CEO, purchased 19 shares. After the transaction, he holds

4,495,131 shares.

Gunnar Nielsen, CFO, purchased 16 shares. After the transaction, he holds 1,596

shares.

Odd Eliasen, Managing Director, purchased 16 shares. After the transaction, he

holds 173,011 shares.

Annika Frederiksberg, Board Member, purchased 7 shares. After the transaction,

she holds directly and indirectly 15,532 shares.

The shares were purchased from P/F Bakkafrost on 27 September 2018. In addition

to the shares sold to the primary insiders, P/F Bakkafrost sold 585 shares to

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

643 shares and after the sale P/F Bakkafrost holds 204,872 treasury shares. The

transaction was based on the closing share price on 27 September 2018, which was

NOK 500.00 per share, corresponding to DKK 392.50 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.