Investor Presentaiton

ISI ICELAND SEAFOOD Q3 2021 Presentation to Investors and Analysts AHUMADOS DOMINGUEZ MADOS DOMIN EZ LIMALINS ARMADO Ahumados Dominguez food market stand in San Miguel Foodcourt in Madrid Strong sales and demand in S-Europe and the completion of the acquisition of Ahumados Dominguez Continued good performance in S- Europe and groundwork laid for future growth • • . . • Continued good performance of IS-Iberica in a difficult market underlining Iceland Seafood's category leading position. Growth in both sales and margins, Acquisition of Ahumados Dominguez (AD) was concluded at end of September. The company becomes part of the Group with P/L effect from Q4, AD has a good consumer recognition as a premium brand. The acquisition will strengthen and broaden our proposition in retail and create cross selling opportunities between AD and IS-Iberica, This is part of our strategy to increase proximity to the end consumer and investments in consumer brands, Our investment in AD and extension of our current facility in Barcelona will generate growth opportunities in both the HORECA and retail sector due to increased product offering, more efficiency and increased automation within production. 5 Planned growth in Argentinian shrimp production . The Rawson season (Summer in-shore season) started last week (Nov-Mar). We are projecting a 25% increase in production compared to last season or up to 3.400MT of final product, The planned increase is the result of recent investments in production facilities, giving better control of the production process resulting in better yields and optimization of the final product, Market conditions remain good, prices have been stable supported by good demand from key markets in Europe and US. At the same time sales to China have been low and logistics been challenging, Overall, a positive outlook given the dynamic and challenging environment we are operating in.

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