Bakkafrost P/f

Remuneration Information • Oct 29, 2014

Shares saving plan for employees

Shares saving plan for employees

Bakkafrost has established a share saving plan for

its employees. It is the Board's intention that the

plan shall be a continuing part of the company's

employee incentive scheme. However, the Board shall

have the right to decide, in its sole discretion,

whether or not the plan will be extended in the

future and the terms of the plan.

For 2014 the company offers a share saving plan based

on maximum 5 percent of the monthly basic salary. The

saved amount is deducted from the monthly net salary

and used to purchase Bakkafrost shares quarterly on

behalf of the employees. The purchase will be made

from Bakkafrost's treasury shares or on the market.

The purchase of shares will take place following the

announcement of the quarterly results. An employee

cannot change the savings amount during the year, but

an employee can cancel the subscription during the

year. The purchase price and the number of shares

acquired by the company will be reported in

accordance with the applicable regulations. After two

full years of ownership, which is 1st january 2017,

the company will allocate one bonus share for every

share purchased in connection with this offer of 2014.

In total 147 empoyees have signed up for the 2014

share savings plan.

The following primary insiders have subscribed to the

share saving plan for 2014 and accordingly purchased

Bakkafrost shares:

Regin Jacobsen, CEO, purchased 191 shares. After the

transaction he holds 4,492,211 shares.

Odd Eliasen, Manager Managing director purchased 170

shares. After the transaction he holds 170,681 shares.

Annika Frederiksberg, Board member purchased 72

shares. After the transaction she holds directly and

indirectly 14,532 shares.

All the shares have been acquired at a price of NOK

153 per share. The shares were purchased from P/F

Bakkafrost. In total P/F Bakkaforost sold 5,241

shares. After the sale Bakkafrost holds 337,328

treasury shares.

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 640 employees.

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securities. The securities referred to herein may not

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provided in the U.S. Securities Act of 1933, as

amended. Copies of this announcement are not being

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