Northern Link Ltd (“Northern Link”) has today agreed to sell its entire stake of
133,125,109 shares of The Scottish Salmon Company Plc (the “Company” or “SSC”),
representing approximately 68.6% of the Company’s voting shares, to P/F
Bakkafrost (“Bakkafrost”) for 28.25 NOK per share, the consideration of which
may include a combination of cash and shares in Bakkafrost. 
Northern Link is a wholly-owned subsidiary of the Sopica Global Retail Growth
Fund Ltd, a professional investment fund advised by Luxembourg-based LLF
Financial SA.  Northern Link has been The Scottish Salmon Company’s majority
shareholder since 2009 and has actively supported the Company throughout this
period of significant growth and profitability.  
In April 2019 the Company commenced a review of strategic options which included
among them the sale of part or all of the business of the Company.  Following an
extensive and rigorous process, the board of directors of SSC elected to support
Bakkafrost’s proposal to purchase Northern Link’s shareholding which would be
followed by a mandatory tender offer to all other shareholders in accordance
with Norwegian regulations.  
Yuriy Lopatynskyy, director of LLF Financial SA, states that “Both Bakkafrost
and SSC are premium salmon farming companies well known for their commitment to
quality and innovation within the aquaculture industry.  I have long been
impressed with Regin Jacobsen and his team.  Their know-how and experience is
unparalleled, and they are especially strong as regards feed and freshwater
operations.  Bakkafrost and SSC share a holistic approach to animal husbandry
with an emphasis on sustainability that, in my view, results in superior quality
fish distinguished from the rest of the market.  Combining with Bakkafrost will
allow SSC to further develop its already-strong brand base and enable both
companies to achieve synergies and create a global leader in the premium salmon
market.  I have no doubt that Bakkafrost is the right partner for SSC as it
enters its next stage of development.”

This information is subject to the disclosure requirements pursuant to Section
4-3 of the Norwegian Securities Trading Act.