Q1 2026 Trading Update

FARMING

In Q1 2026, the harvest volumes for Bakkafrost's operation in the Faroe Islands and Scotland were:

+-------------+--------+---------------------+--------------+------------------- --+ |Region |Month | Q1 2026 | Q1 2026 | YTD 2026 | | | | Harvest volume |Average weight| Harvest volume | | | |(thousand tonnes HOG)| (kg) |(thousand tonnes HOG)| +-------------+--------+---------------------+--------------+------------------- --+ |Faroe Islands|January | 8.3 | 5.9 | 25.1 | +-------------+--------+---------------------+--------------+------------------- --+ | |February| 7.7 | 5.8 | +-------------+--------+---------------------+--------------+------------------- --+ | |March | 9.2 | 5.7 | +-------------+--------+---------------------+--------------+------------------- --+ | |Q1 total| 25.1 | 5.8 | +-------------+--------+---------------------+--------------+------------------- --+ | | | | | | +-------------+--------+---------------------+--------------+------------------- --+ |Scotland |January | 1.3 | 6.0 | 6.2 | +-------------+--------+---------------------+--------------+------------------- --+ | |February| 2.1 | 6.3 | +-------------+--------+---------------------+--------------+------------------- --+ | |March | 2.8 | 6.6 | +-------------+--------+---------------------+--------------+------------------- --+ | |Q1 total| 6.2 | 6.4 | +-------------+--------+---------------------+--------------+------------------- --+

Based on preliminary numbers, Q1 2026 incident-based mortality costs in Farming were:

· Faroe Islands:         0 mDKK · Scotland:              2 mDKK

FRESHWATER

The smolt release in Q1 2026 was (in millions):

+-------------+-------+--------+ | |Q1 2026|YTD 2026| +-------------+-------+--------+ |Faroe Islands| 3.9| 3.9| +-------------+-------+--------+ |Scotland | 1.0| 1.0| +-------------+-------+--------+

Based on preliminary numbers, Q1 2026 incident-based mortality costs in Freshwater were:

· Faroe Islands:          0 mDKK · Scotland:              15 mDKK

FISHMEAL, OIL AND FEED (FOF) In Q1 2026, the volumes sourced and sold in the FOF segment were (in thousand tonnes):

+--------+----------+----------+---------------+--------------+ |Month |Marine raw|Feed sales|Fish meal sales|Fish oil sales| | |material | | | | | |sourcing | | | | +--------+----------+----------+---------------+--------------+ |January | 24.5 | 12.9 | 1.2 | 0.0 | +--------+----------+----------+---------------+--------------+ |February| 20.5 | 10.4 | 0.0 | 0.0 | +--------+----------+----------+---------------+--------------+ |March | 6.0 | 12.2 | 0.0 | 0.0 | +--------+----------+----------+---------------+--------------+ |Q1 Total| 51.0 | 35.4 | 1.2 | 0.0 | +--------+----------+----------+---------------+--------------+ | | | | | | +--------+----------+----------+---------------+--------------+ |YTD 2026| 51.0 | 35.4 | 1.2 | 0.0 | |Total | | | | | +--------+----------+----------+---------------+--------------+

The full Q1 2026 report will be released on 19 May 2026 at 06:00 CET.

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 to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.