Bodø, 19.03.24:

In light of the increased cost submitted to the board today, the board has
adopted the resolution to terminate the employment agreement with CEO Helge E.
W. Albertsen.  Albertsen will continue to serve as an advisor to the company.
 
The board has appointed Kjell Lorentsen as acting CEO from today and he will at
the same time exit the non-executive board. He was CEO in the company from the
start of the company activities until September 2021. Lorentsen is today group
CEO in Gigante Havbruk AS.
 
The work to recruit a new CEO to the company has been initiated.

For further information, please contact: 

Eirik Sørgård, Chair of the board
E-mail: es@pronord.no
Phone: +47 995 70 189

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act. The stock
exchange announcement was published by Rune Johansen, CFO in Gigante Salmon AS,
at the time and date stated above in this announcement.

Gigante Salmon: 
Gigante Salmon 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.