Dividend Policy Bakkafrost aims to give its shareholders a competitive return on their investment, both through payment of company dividends and by securing an increase in the value of the equity through positive operations. Generally, the company should pay dividends to its shareholders, but the Board of Directors are responsible for making an overall assessment in order to secure a healthy capital base for the company, both for daily operations and for strong, future growth of the company. A long-term goal for the Board of Directors is that 30–50% of adjusted EPS shall be paid out as dividends. Dividend Payments Year Dividend per share Total dividend Date div. proposed Date div. approved Date ex. dividend Date div. paid 2018 8.25 DKK 403 mDKK 2019-02-19 2019-04-05 2019-04-08 2019-04-26 2017 10.50 DKK 513 mDKK 2018-02-20 2018-04-13 2018-04-16 2018-04-30 2016 8.70 DKK 425 mDKK 2017-02-27 2017-04-07 2017-04-10 2017-04-21 2015 8.25 DKK 403 mDKK 2016-02-24 2016-04-08 2016-04-11 2016-04-25 2014 6.00 DKK 293 mDKK 2015-02-24 2015-04-11 2015-04-13 2015-04-27 2013 4.50 DKK 220 mDKK 2014-02-25 2014-04-05 2014-04-07 2014-04-29 2012 2.00 DKK 98 mDKK 2013-02-27 2013-04-18 2013-04-19 2013-04-30 2011 1.00 DKK 49 mDKK 2012-02-28 2012-03-26 2012-03-27 2012-04-11 2010 3.91 DKK 191 mDKK 2011-02-21 2011-04-07 2011-04-08 2011-04-20 2009 6.02 DKK 18 mDKK 2010-02-15 2010-02-15 N/A 2010-03-02 Key Information Regarding Cash Dividend Dividend amount: 8.25 per share Declared currency: DKK Last day including right: 5 April 2019 Ex-date: 8 April 2019 Record date: 9 April 2019 Payment date: On or around 26 April 2019 Date of approval: 5 April 2019 Other information: The cash dividend will be paid in NOK. The currency rate NOK/DKK used in the cash dividend payment will be announced on Monday 8 April 2019. Dividend Tax Refunds When individuals and companies based in other countries pay taxes on dividends from Faroese companies in the Faroe Islands and their home country, they may apply for a dividend tax refund from the Faroese Tax and Customs Authorities (TAKS) if a valid double taxation treaty is in place with that country. Shareholders from the Nordic countries are eligible for a dividend tax refund in accordance with the Nordic tax treaty for the avoidance of double taxation. The Faroe Islands also have double taxation treaties with Britain, Switzerland and India. Shareholders residing in these countries are eligible for a dividend tax refund in accordance with the rates specified in these respective treaties. A list of countries that have entered into a double taxation treaty with the Faroe Islands with regards to dividend tax can be seen at: http://www.taks.fo/en/business/dividend-tax-refunds/terms-and-application/ To claim the refund, shareholders are required to fill out a form and send it by post or email to TAKS. The form is available at: http://www.taks.fo/en/business/dividend-tax-refunds/ Before sending the form to TAKS, shareholders need documentation from the relevant tax authority to certify that they are covered by the double taxation treaty between the residing country and the Faroe Islands. For assistance in filling out the form, reach out to TAKS by phone (+298) 352600 or by email. P/F Bakkafrost Bakkavegur 9 FO-625 Glyvrar Faroe Islands Tel +298 40 50 00 Fax +298 40 50 09 CONSUMER CUSTOMER INVESTOR SUSTAINABILITY ABOUT US Bakkafrost is the leading producer of top quality salmon from the Faroe Islands. We offer a wide range of healthy and nutritious salmon products from our own facilities. Ment, forritað og sniðgivið hava Sansir