Investor Presentaiton

ISI ICELAND SEAFOOD October 2019 Main Market Listing and Offering of new shares Seafood is the #1 consumed animal protein worldwide Seafood leads the way in global human consumption per capita with developing countries driving total consumption growth with a CAGR of 1.1% between 2018 and 2028 (developed 0.35%) Global consumption split per capita (Kg, 2018, %) Seafood accounts for about 37% of global consumption per capita Pork 22% Seafood 37% 12% Beef and Veal 3% Sheepmeat 26% Poultry Seafood Total production per year Tonnes million 1.0% 173 178 179 180 185 181 187 189 191 191 194 196 164 166 73 76 80 83 85 88 88 00 90 93 95 96 98 99 101 102 Global human consumption per capita (kg/yr) 24 20 Seafood 16 consumption is 12 expected to 8 92 89 93 95 93 92 92 = 91 91 93 93 93 2 92 94 94 continue to increase 4 0 + 2015 2016 2017 2018 2019E 2020E 2021E 2022E 2023E 2024E 2025E 2026E 2027E 2028E 2000 2004 2008 2012 2016 2020E 2024E 2028E Fish from aquaculture Fish from capture The term "Seafood" indicates fish, crustaceans, molluscs and other aquatic animals, but excludes aquatic mammals, crocodiles, caimans, alligators and aquatic plants Source: FAO Poultry Pork Beef and veal Sheepmeat

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