Lerøy Seafood Group ASA

Trading update Q1 2020

Harvest volumes salmon and trout (1,000 GWT)	Q1 2020	Q1 2019
Lerøy Aurora	8,5	4,9
Lerøy Midt	14,5	12,3
Lerøy Sjøtroll	16,3	15,1
Total	39,4	32,3
Catch volume Havfisk (1,000 tonnes)	Q1 2020	Q1 2019
Total volume	25,0	20,5
Of which volume cod	12,5	8,9

As described in the fourth quarter report for 2019, the production for Lerøy Aurora in the start of 2020 was impacted by more winter wounds than normal. This has had a negative impact on price achievement in the first quarter. Production in other regions has been according to expectations, and the group makes no change to its guidance for harvest volume for 2020.

The current pandemic is demanding for all. Lerøy Seafood Group (Lerøy)’s value chain for seafood is managing the challenging situation in a satisfactory manner. Lerøy’s production units in farming, fisheries, and processing will through the downstream sales and distribution units do its outmost to ensure that our customers continues to experience a satisfactory level of service. Government in different countries have adopted necessary restrictions. Until such restrictions are removed, it should be expected higher cost in connection with sales and distribution.

The complete Q1 2020 report will be released on 14 May 2020 at 06.30 CET.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act