Press Release Details

28 September 2016

AquaBounty Technologies Inc.

("AquaBounty" or "the Company")

Exercise of Options

AquaBounty Technologies, Inc. (AIM: ABTU; OTC: AQBT), a biotechnology company focused on enhancing productivity in the aquaculture market, announces that, pursuant to the exercise of options by an employee under its 2006 Equity Incentive Plan, it will issue 15,709 ordinary shares of $0.001 each in the Company ("Ordinary Shares").

The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company. Application has been made to the London Stock Exchange for the new Ordinary Shares to be admitted to trading on the AIM market for listed securities ("Admission"). It is expected that Admission will become effective at 8.00 a.m. on 30 September 2016.

Following Admission, the total issued share capital of the Company will be 157,527,974 Ordinary Shares. The Company does not hold any Ordinary Shares in Treasury. This figure of 157,527,974 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

For further information, please contact:

AquaBounty Technologies, Inc.                                +1 978 648 6048

David Frank, Chief Financial Officer

Stifel Nicolaus Europe Ltd                                        +44 (0)20 7710 7600

Stewart Wallace

Luther Pendragon Ltd                                               +44 (0)20 7618 9100

Harry Chathli, Claire Norbury