Reference is made to the announcement made on 3 January 2020 regarding
Bakkafrost's allocation of free shares to employees participating in
Bakkafrost's Share Savings Plan 2017.

On 3 January 2020 Bakkafrost has purchased 9,500 Bakkafrost shares to be used as
treasury shares for the Share Savings Plan for employees and to settle the
allocation of free shares following the conclusion of the Share Savings Plan for
2017. The shares were purchased in the market at a price of NOK 668,50 per
share.

After the share purchase and settlement Bakkafrost holds 1,491 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)

· 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.

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Disclaimer

Bakkafrost P/F published this content on 03 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 January 2020 21:52:00 UTC