Investor Presentaiton

ISI ICELAND SEAFOOD October 2019 Main Market Listing and Offering of new shares Sales and Distribution division • Strong team of experienced sourcing and sales experts The Sales and Distribution division represents Iceland Seafood's origins as a sales and marketing company with its main operations in Iceland along with closely linked sister companies in France, Germany and the USA A close working relationship with seafood industry partners and in-depth industry knowledge provide Iceland Seafood's Value Added operations with valuable sourcing and consistent quality Iceland Seafood offers its customers and suppliers a full seafood solution by sourcing seafood from various suppliers, largely based in Iceland, separating itself from competitors offering both broader and more specialised product ranges 2018 Sales by Species Other 29% Cod 40% 7% Herring 8% Haddock 15% Mackerel Main Markets1 Key Figures 1 Excluding intercompany sales EUR 000 Others France 183,211 183,211 170,507 164,589 20% 20% Italy 4% Japan 4% 15% USA 5% Germany 5% Lithuania 7% 11% 8% Belgium Ukraine UK 1,515 102,260 1,535 1,181 1,181 1,029 2016 2017 2018 Revenues 2018P Normalised PBT 2019 1H

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