Oslo Børs has approved following prospectus:

PROSPECTUS

BAKKAFROST
Established 1968

LISTING OF P/F BAKKAFROST ON OSLO BØRS

ISSUANCE OF NEW SHARES INTENDED TO RAISE ABOUT NOK
82,000,000 INGROSS PROCEEDS

SECONDARY SALE OF MINIMUM 14,649,752 AND MAXIMUM
20,482,039 SECONDARY SHARES INCLUDING AN
OVERALLOTMENT OPTION OF UP TO 1,836,768 SHARES

INDICATIVE PRICE RANGE:
NOK 27 - NOK 31

BOOK-BUILDING PERIOD:
FROM AND INCLUDING 8 MARCH - 17.30 (CET) ON 23 MARCH 2010

RETAIL APPLICATION PERIOD:
FROM AND INCLUDING 8 MARCH - 14.OO (CET) ON 23 MARCH 2010

JOINT LEAD MANAGERS AND JOINT BOOKRUNNERS
Nordea FøroyaBANKI

JOINT LEAD MANAGER
Carnegie

4 MARCH 2010


The prospectus is available on the following sites:

P/f Bakkafrost:
http://www.bakkafrost.com/prospectus