Bakkafrost P/f

Share Issue/Capital Change • May 29, 2017

BAKKAFROST: Allocations of Shares and Share Savings Plan Transaction

BAKKAFROST: Allocations of Shares and Share Savings Plan Transaction

Allocation of Shares

P/F Bakkafrost has as a bonus to the employees for 2016, paid the following

primary insiders shares in P/F Bakkafrost based on the closing price on 29 May

2017:

Regin Jacobsen, CEO, was allocated 162 shares.

Gunnar Nielsen, CFO, was allocated 117 shares.

Odd Eliasen, Managing Director, was allocated 123 shares.

Annika Frederiksberg, Board Member and part of the sales team in Bakkafrost, was

allocated 51 shares.

All full-time employees from 2016, still employed in Bakkafrost, have received

bonus shares with a total value of 2% of paid out salary in 2016. In total,

Bakkafrost has allocated 19,631 shares to its employees, including the shares to

the primary insiders, as a bonus to the employees for 2016.

The transaction was allocated based on the closing share price on 29 May 2017,

which was NOK 303.50 per share, corresponding to DKK 240.07 per share.

Share Savings Plan Transaction

As a part of the share savings plan for employees in 2017, the following primary

insiders have purchased Bakkafrost shares:

Regin Jacobsen, CEO, purchased 31 shares.

Gunnar Nielsen, CFO, purchased 23 shares.

Odd Eliasen, Managing Director, purchased 24 shares.

Annika Frederiksberg, Board Member, purchased 11 shares.

The shares were purchased from P/F Bakkafrost on 29 May 2017. In addition to the

shares sold to the primary insiders, P/F Bakkafrost sold 859 shares to other

employees as part of the share savings plan. In total P/F Bakkafrost sold 948

shares. The transaction was based on the closing share price on 29 May 2017,

which was NOK 303.50 per share, corresponding to DKK 240.07 per share.

After these two transactions, the holding of Bakkafrost shares of the following

primary insiders are:

Regin Jacobsen, CEO, holds 4,494,113 shares.

Gunnar Nielsen, CFO, holds 889 shares.

Odd Eliasen, Managing Director, holds 172,210 shares.

Annika Frederiksberg, Board Member and part of the sales team in Bakkafrost,

holds directly and indirectly 15,185 shares.

In total P/F Bakkafrost allocated 19,631 shares as bonus for employees for 2016

and sold 948 shares as part of the share savings plan. After these two

transactions, P/F Bakkafrost holds 243,008 treasury shares.

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.