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Regulatory press release

Mandatory notification of trade: Acceptances of mandatory offer for the shares Frøy ASA

Frøy
Reference is made to the mandatory cash offer by Falcon Bidco. AS (the
"Offeror"), a company indirectly wholly owned by infrastructure funds managed by
Goldman Sachs Asset Management, to acquire all shares in Frøy ASA ("Frøy") not
already owned by the Offeror (the "Mandatory Offer") in combination with a
compulsory acquisition of all the remaining shares in Frøy.

Today, the following primary insiders or persons close associated to them have
accepted the Offer for a price of NOK 76.50 per share:

o Andreas Krogstad for a total of 19,286 shares