Iceland Seafood International hf. - Other information disclosed according to the rules of the Exchange

Iceland Seafood International hf.: SFS and Fishermen's Union Negotiations

As a leading player in the Icelandic and European seafood sector the company
believes it is incumbent upon them to make a statement regarding the above
subject matter.

As has been widely reported, negotiations between Fisheries Iceland (SFS) and
the various Fishermen's unions broke down earlier this week, leading to
uncertainty on when fishing of larger boats/vessels will recommence.  The small
boat fleet in Iceland has continued supplying the markets throughout this
period.

At Iceland Seafood International, six out of seven of the Group's companies
operate outside of Iceland, including three factory operations in Europe. This
geographic diversity provides the Group with a robust position.  The majority of
these foreign companies are not solely reliant on Iceland for supplies and are
in a position of securing raw materials and products from other countries.
Outside of fresh products, the Group's foreign subsidiaries entered this period
with healthy stocks which have to date enabled continued supplies to our
customers.

The strike therefore has so far not materially affected the financial
performance of ISI and the potential effects on the 2017 results will be
dependent on various factors, one being how long the fishing fleet in Iceland is
in-active.

ISI will continue to work closely with operating suppliers in Iceland and
internationally to mitigate the effects of the strike on our customer base and
like all companies in the sector look forward to the prompt resolution of this
strike.

Elsewhere, the Group this year remains focused on its strategy to explore
acquisition opportunities in Europe and looks forward to announcing its annual
results in late March.

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