Investor Presentaiton

ISI ICELAND SEAFOOD October 2019 Main Market Listing and Offering of new shares Value Added Southern Europe division • • Excellent position within the largest market for Icelandic Cod The Value Added S-Europe division has operations in Barcelona and Malaga in Spain and in Argentina. The division is the largest importer and seller of Icelandic light salted cod in the Mediterranean market The merger of Iceland Seafood Spain and the newly acquired Icelandic Ibérica will create a South European powerhouse with a strong brand and product recognition in the market, highly qualified people and a loyal customer base The division focuses on value added production of seafood such as traditional and light salted cod in fillets and portions, argentinian shrimp and various ready to eat products. Main Brands ICELANDIC ISLANDIA seastar SEAFOOD LAS TA PAS de Islandia Armengol ICELAND GOLD Islandia armengol Productos del Mar Banord Main Markets 1 1 Excluding sales from S&D to Italy and Portugal Portugal Others 6% 4% Italy 15% 75% EUR 000 Key Figures 179,489 100,111 6,696 96,797 62,146 62,017 3,838 3,524 2,000 2,018 2016 2017 2018 2018P 2019 1H Spain Revenues Normalised PBT

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