Investor Presentaiton

ICELAND ISI SEAFOOD Q3 2021 Presentation to Investors and Analysts Management team of IS UK being strengthened to address complex integration process and extreme external challenges Complex integration process of IS UK severally impacted by extreme external challenges • All UK operation moved into a single location at year end 2020. The merger process and integration has proven to be more costly and complex than anticipated, severally impacted by both Brexit and Covid19, The business continues to deal with external challenges, in terms of logistics and more recently difficult labour market in the UK. This has significantly impacted the business. performance this year, New agreements with both existing and new customers have been secured, which will significantly increase production volume and utilization of the facility, The new business is coming on stream both in Q4, and to a larger extent in Q1 2022, which should balance the business. • • Local management team of IS UK being strengthened to address business complexities and harvest upcoming growth • The UK management team is being strengthened with Reynir Jonsson, the Group CFO, stepping in as an interim Managing Director (MD), Danny Burton, former MD will concentrate on improving and expanding production capabilities, Glen Mathews, will join the business as Operating Director from end of February 2022. Glen will be a great addition to the business, he is the former Operating Director of Hilton (former Icelandic Seachill), with over 20 years experience within the sector, With strong customer base and new state of the art factory the future outlook and potential for the UK business remains strong. 6

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