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 2019 ended on 31 December 2021 and Bakkafrost has on 3 January 2022 allocated Bakkafrost shares to the Group's employees in accordance with their savings in the share savings plan in 2019. As participants of the share savings plan in 2019, the primary insiders below have been allocated Bakkafrost shares: · Regin Jacobsen, CEO, 313 shares allocated. After the transaction he holds 4,617,664 shares. · Høgni Dahl Jakobsen, CFO, 140 shares allocated. After the transaction he holds directly and indirectly 74,733 shares. · Odd Eliasen, Managing Director, 214 shares allocated. After the transaction he holds 185,183 shares. · Annika Frederiksberg, Board Member, 86 shares allocated. After the transaction she holds directly and indirectly 16,336 shares. In addition to the shares allocated to the primary insiders, Bakkafrost allocated 6,640 shares to other employees as part of the share savings plan in 2019. In total Bakkafrost allocated 7,393 shares. By the share allocation on 3 January 2022 the share savings plan in 2019 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) · Høgni Dahl Jakobsen, 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.