Rights and Restrictions Associated with Bakkafrost's Share

The Company has one class of shares. Each share in the Company carries one vote.

All shareholders shall be treated on an equal basis. The shareholders shall not be exposed to differential treatment that lacks a factual basis in the Company's and the shareholders' common interest.

The Faroese Farming legislation stipulates that no legal entity or physical person, can vote or hold 20% or more of the voting right of the company.