Bodø, 14 June 2024:

Reference is made to the announcement by Gigante Salmon AS (the "Company") on 13
June 2024 regarding a private placement of new shares, and that the Company is
considering conducting a subsequent share offering (the "Subsequent Offering")
with non-tradeable subscription rights for up to 4,615,384 new shares in the
Company.

The shares in the Company will be traded exclusive the right to participate in
the Subsequent Offering as from today, 14 June 2024.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

For more information, please contact:

Kjell Lorentsen, CEO
Phone: +47 911 22 688
E-mail: kjell@gigante.no

Rune Johansen, CFO 
Phone: +47 988 44 724
E-mail: rune@gigantesalmon.no 

About Gigante Salmon AS:
Gigante Salmon AS is a land-based salmon farming company with its first
production facility under construction on Lille Indre Rosøy in Rødøy, Norway.
The Company's aquaculture concept is based on a flow-through system, combining
the benefits of conventional and land-based aquaculture while simultaneously
eliminating issues associated with conventional, sea based, farming. Visit
www.gigantesalmon.no for more information.