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BAKKA: Correction to Q3 2026 Trading Update

BAKKARegulatoriskt pressmeddelande2026-10-05 22:08
With reference to the announcement made earlier today, 5 October 2026 (NewsWeb
messageID 683596), in which the total sold fish meal in Q3 2026 was incorrectly
summarised as 0.0. The correct total sold fish meal in Q3 2026 was 1.2 as
updated below.
FARMING

In Q3 2026, the harvest volumes for Bakkafrost's operation in the Faroe Islands
and Scotland were:

+--------+---------+---------------------+--------------+---------------------+
|Region |Month | Q3 2026 | Q3 2026 | YTD 2026 |
| | | Harvest volume |Average weight| Harvest volume |
| | |(thousand tonnes HOG)| (kg) |(thousand tonnes HOG)|
+--------+---------+---------------------+--------------+---------------------+
|Faroe |July | 8.3 | 5.0 | 75.0 |
|Islands | | | | |
+--------+---------+---------------------+--------------+---------------------+
| |August | 7.1 | 5.0 |
+--------+---------+---------------------+--------------+---------------------+
| |September| 7.7 | 4.9 |
+--------+---------+---------------------+--------------+---------------------+
| |Q3 total | 23.1 | 5.0 |
+--------+---------+---------------------+--------------+---------------------+
| | | | | |
+--------+---------+---------------------+--------------+---------------------+
|Scotland|July | 1.2 | 2.9 | 13.9 |
+--------+---------+---------------------+--------------+---------------------+
| |August | 1.3 | 3.1 |
+--------+---------+---------------------+--------------+---------------------+
| |September| 1.9 | 3.0 |
+--------+---------+---------------------+--------------+---------------------+
| |Q3 total | 4.5 | 3.0 |
+--------+---------+---------------------+--------------+---------------------+

Based on preliminary numbers, Q3 2026 exceptional mortality costs in Farming
were:

- Faroe Islands: 0 mDKK
- Scotland: 42.0 mDKK, whereof 33.5 mDKK related to farming sites
harvested out during the quarter)

FRESHWATER

The smolt release in Q3 2026 was (in millions):

+-------------+-------+--------+
| |Q3 2026|YTD 2026|
+-------------+-------+--------+
|Faroe Islands| 4.5| 14.0|
+-------------+-------+--------+
|Scotland | 2.9| 7.8|
+-------------+-------+--------+

The number of fish present as of 30 September 2026 at each farming site in the
Faroe Islands is available on Bakkafrost's homepage: Biomass overview - Faroe
Islands (https://www.bakkafrost.com/en/sustainability/data). Going forward, this
overview will be updated monthly.
Based on preliminary numbers, Q3 2026 exceptional mortality costs in Freshwater
were:

- Faroe Islands: 0 mDKK
- Scotland: 0 mDKK

FISHMEAL, OIL AND FEED (FOF)
In Q3 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 | | | |
+---------+----------+----------+---------------+--------------+
|July | 3.5 | 15.2 | 0.0 | 0.0 |
+---------+----------+----------+---------------+--------------+
|August | 3.7 | 15.5 | 1.2 | 0.0 |
+---------+----------+----------+---------------+--------------+
|September| 2.3 | 17.5 | 0.0 | 0.0 |
+---------+----------+----------+---------------+--------------+
|Q3 Total | 9.6 | 48.2 | 1.2 | 0.0 |
+---------+----------+----------+---------------+--------------+
| | | | | |
+---------+----------+----------+---------------+--------------+
|YTD 2026 | 170.2 | 121.0 | 2.4 | 0.0 |
|Total | | | | |
+---------+----------+----------+---------------+--------------+

The full Q3 2026 report will be released on 2 November 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.
ubject to the disclosure requirements pursuant to section 5\
-12 of the Norwegian Securities Trading Act.\