Reference is made to the announcements from P/F Bakkafrost ("Bakkafrost") on 6
December 2019 related to the final result of the subsequent offering of up to
1,000,000 new shares (the "Offer Shares") at a subscription price of NOK 500 per
share  (the "Subsequent Offering"), and during which 869,756 new shares were
issued.

The allocation of shares has now been completed to beneficial owners of nominee
accounts including primary insiders in Bakkafrost. The following primary
insiders were allocated shares as a result of subscription for shares in the
Subsequent Offer:

  · Odd Eliasen, Managing Director, was allocated 10.230 shares. After the
transaction he holds 183.853 shares
  · Rúni M. Hansen, Chairman of the board, was allocated 761 shares. After the
transaction he holds 10.761 shares

For further information please contact:

  · Regin Jacobsen, CEO of P/F Bakkafrost: +298 235001 (mobile)
  · Høgni Dahl Jakobsen, CFO of P/F Bakkafrost: +298 235060 (mobile)

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.