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 2016 ended on 31 December 2018

and Bakkafrost has on 2 January 2019 allocated Bakkafrost shares to the Group's

employees in accordance with their savings in the share savings plan in 2016.

As participants of the share savings plan in 2016, the primary insiders below

have been allocated Bakkafrost shares:

Regin Jacobsen, CEO, 353 shares allocated. After the transaction he holds

4,495,551 shares.

Gunnar Nielsen, CFO, 255 shares allocated. After the transaction he holds 1,906

shares.

Odd Eliasen, Managing Director, 271 shares allocated. After the transaction he

holds 173,337 shares.

Annika Frederiksberg, Board Member, 120 shares allocated. After the transaction

she holds directly and indirectly 15,676 shares.

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

allocated 7,527 shares to other employees as part of the share savings plan in

2016. In total Bakkafrost allocated 8,526 shares and after the allocation

Bakkafrost holds 194,039 treasury shares.

By the share allocation on 2 January 2019 the share savings plan in 2016 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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