Bodø, 14 June 2024: 
Reference is made to the stock exchange announcement by Gigante Salmon AS (the
"Company") on 13 June 2024 regarding a successfully completed private placement
of new shares in the Company (the "Private Placement").

Gigante Havbruk AS has agreed to lend existing and unencumbered shares in the
Company, already being traded on Euronext Growth Oslo, to SpareBank 1 Markets AS
(the "Manager") for the Private Placement. Borrowed shares will be used for
settlement towards investors having been allocated shares in the Private
Placement and redelivered to Gigante Havbruk AS upon registration of the share
capital increase pertaining to the Private Placement.

Pursuant to the share lending agreement, the Manager has borrowed a total of
14,615,384 shares from Gigante Havbruk AS to settle the Private Placement.
Gigante Havbruk AS is a company closely associated with Kjell Lorentsen, CEO of
the Company, and Kristian Lorentsen, board member of the Company. Primary
insider notification pursuant to the Market Abuse Regulation article 19 is
attached.

This information is subject to the disclosure requirements pursuant to
Regulation EU 596/2014 (MAR) article 19 and the Norwegian Securities Trading Act
section 5-12.