Contemplated sale of shares in P/F Bakkafrost

11 December, 2013

Salmar ASA ("Salmar") has retained Carnegie AS and
Pareto Securities AS as joint bookrunners to explore
the opportunity to sell up to 7,269,400 shares in P/F
Bakkafrost ("Bakkafrost" or the "Company") through an
accelerated bookbuilding process (the "Placing").

Due to, inter alia, the favorable development in the
Bakkafrost share price since Salmar's sale of
7,325,000 shares in May 2013, the joint bookrunners
have agreed to lift the lock-up agreement (valid
until 1 January 2014) brought onto Salmar's remaining
shareholding in connection with the said sale of
shares for all shares sold as part of the Placing.

Bakkafrost will subscribe for 550,000 shares in the
Placing.

The Placing represents up to 14.9 percent of the
outstanding shares in Bakkafrost, and assuming all
shares offered in the Placing are sold, Salmar will
no longer hold any shares in the Company.

The bookbuilding will commence today at 16.30 CET.