Bakkafrost P/f

BAKKAFROST: Bakkafrost's Share Savings Plan Allocates Shares

Bakkafrost has a share savings plan for employees of the Group. The purpose of

the plan is to strengthen the company culture and encourage loyalty through

employees becoming shareholders of Bakkafrost. After a lock-in period of two

calendar years, one free share will be awarded by Bakkafrost for each share

purchased according to the share savings plan.

The lock-in period for the share savings plan in 2015 ended on 31 December 2017

and Bakkafrost has on 2 January 2018 allocated Bakkafrost shares to the Group's

employees in accordance with their savings in the shares savings plan in 2015.

As participants of the share savings plan in 2015, the primary insiders below

have been allocated Bakkafrost shares:

Regin Jacobsen, CEO, 511 shares allocated. After the transaction he holds

4,494,825 shares.

Gunnar Nielsen, CFO, 306 shares allocated. After the transaction he holds 1.349

shares.

Odd Eliasen, Managing Director, 391 shares allocated. After the transaction he

holds 172,760 shares.

Annika Frederiksberg, Board Member, 171 shares allocated. After the transaction

she holds directly and indirectly 15,426 shares.

In addition to the shares allocated to the primary insiders, Bakkafrost

allocated 9,567 shares to other employees as part of the share savings plan in

2015. In total Bakkafrost allocated 10,946 shares and after the allocation

Bakkafrost holds 225,979 treasury shares.

By the share allocation on 2 January 2018 the share savings plan in 2015 is

concluded.

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.

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