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"Aquaculture, not the Internet, represents the most promising investment opportunity of the 21st Century."

- Peter Drucker, Management Expert & Economist


Bakkafrost increases ownership in Hanstholm Fiskemelsfabrik to 81.01%

Bakkafrost has via its 100% owned subsidiary Havsbrún, purchased a further 41.15% in HanstholmFiskemelsfabrik. Following the acquisition the shareholder structure in Hanstholm Fiskemelsfabrik isas follow:

Bakkafrost: 81.01%

Minority shareholders: 13,73%

Treasury shares: 5.26%

Minority shareholder will be able to sell their 13.73% of the shares in the company.

The investment is a strategic investment and part of the consolidation of the fishmeal and fish oilindustry, which Bakkafrost will be part of.

Hanstholm Fiskemelsfabrik is a fishmeal and fish oil producer in Hanstholm in Denmark. The company sourced in 100,000 tonnes of pelagic fish in 2013 for production of fish meal and fish oil. HanstholmFiskemelsfabrik had a financial loss of DKK 18 million in 2013. The total assets amounts to DKK 157 million and the equity was DKK 40 million.

About Bakkafrost:

Bakkafrost is the largest salmon farmer in the Faroe Islands. The Group is fully integrated from feed production to smolt, farming, VAP and sales. The Group has production of fish meal, fish oil and salmon feed in Fuglafjørður. The Group operates licenses on 14 farming fjords. The Group has primary processing in Klaksvík, Kollafjørð and Strendur and secondary processing (VAP) in Glyvrar and Fuglafjørður. The headquarters are located in Glyvrar, and the company has a total of 630 employees.

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