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Investor Presentaiton

ISI ICELAND SEAFOOD October 2019 Main Market Listing and Offering of new shares Pricing and size benchmarks Order book A Order book B • A total of 30,000,000 Shares, or 1.17% of issued share capital in Iceland Seafood post dilution, are offered for sale in Order. book A The minimum size of subscriptions in Order book A is restricted to Shares with a purchase value of ISK 100,000 • The maximum size of subscriptions in Order book A is restricted to a purchase value of ISK 10,000,000 • . . Order book A will be for subscriptions ranging from ISK 9.40-9.82 price per Share All shares sold in Order book A will be allocated at the same price (Offering Price A) which will be within the above price range The Offering Price in Order book A will not be higher than the Offering Price in Order book B • A total of 195,000,000 Shares, or 7.61% of issued share capital in Iceland Seafood post dilution, are offered for sale in Order book B • The minimum size of • subscriptions in Order book B is а purchase value of ISK 10,000,001 The maximum size of each subscription is only limited by the aforementioned supply in this Order book • Order book B is for subscriptions which are a minimum of ISK 9.40 price per Share and no maximum price is specified by the Seller All Shares sold in Order book B will be allocated at the same price (Offering Price B) which will be higher or equal to to the aforementioned minimum price
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