Born 1966. Faroese citizen. Mr. Jacobsen has been Chief Executive Officer of Bakkafrost since 1989.

Education:

Graduate Diploma in Business Administration and Accounting (HD-R), Aarhus School of Business.

Number of shares held in Bakkafrost:

Holds 4,641,985 shares at year-end 2024. Changes in portfolio in 2024: +1,704 shares.

Mr. Jacobsen has extensive experience in the salmon industry and finances. He was the Financial Manager of Bakkafrost before he became Chief Executive Officer of Bakkafrost.

Over the past 35 years, Mr. Jacobsen has accumulated extensive experience in strategy review and change. During this time, Mr. Jacobsen has been instrumental in developing Bakkafrost's extensive value chain, emphasizing differentiation and competitive advantage.

Born 1972. Faroese & Swedish citizen. Mr. Jakobsen has been Chief Financial Officer of Bakkafrost since 2019.

Education:

Business Design, Henley Business School. MSc in Business Administration and Computer Science (cand. merc.dat), Copenhagen Business School.

Number of shares held in Bakkafrost:

Holds directly and indirectly 78,225 shares at year-end 2024. Change in portfolio in 2024: +1,589 shares.

Mr. Jakobsen has extensive experience in the salmon industry, finance, and the management consulting sector. Before joining Bakkafrost, he held a position as a Senior Partner at Quorum Consulting and has been a Management Consultant at PA Consulting Group.

Born 1965. Faroese citizen. Mr. Eliasen has been Managing Director of Havsbrún since 2012.

Education:

Teacher Certificate Exam, University of the Faroe Islands.

Number of shares held in Bakkafrost:

Holds 187,922 shares at year-end 2024. Change in portfolio in 2024: +1,210 shares.

Mr. Eliasen has broad experience in the fish farming industry and has been an active player in restructuring the fish farming industry in the Faroe Islands. He has been responsible for Havsbrún’s farming activities and has held various board positions in the industry. Mr. Eliasen was a board member of Bakkafrost from 2006 to 2012.