Allocation of matching shares in Bakkafrost Share Savings Plan

Bakkafrost has a share savings plan for its employees. The plan's purpose is to strengthen the company culture and stimulate loyalty by encouraging employees to become shareholders. After a lock-in period of two calendar years, Bakkafrost will award one free matching share for each share purchased and held according to the share savings plan.

The lock-in period for the share savings plan in 2023 ended on 31 December 2025. Consequently, Bakkafrost has completed the allocation of matching shares to the Group's employees in accordance with their savings in the share savings plan in 2023. The allocation was made on 8 January 2026 with 12 January 2026 as the value date.

As participants of the share savings plan in 2023, the primary insiders below have been allocated matching shares:

· Regin Jacobsen, CEO, 340 matching shares allocated. After the transaction, he holds 4,656,855 shares. · Høgni Dahl Jakobsen, CFO, 237 matching shares allocated. After the transaction, he holds directly and indirectly 81,155 shares. · Odd Eliasen, Managing Director, 236 matching shares allocated. After the transaction, he holds 190,174 shares. · Annika Frederiksberg, Board Member, 90 matching shares allocated. After the transaction, she holds directly and indirectly 17,575 shares.

In addition to the shares allocated to the primary insiders, Bakkafrost allocated 15,232 matching shares to other employees as part of the 2023 share savings plan. In total Bakkafrost allocated 16,135 matching shares and hereby concluded the 2023 share savings plan.

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