Bodø, 6 May 2025

Gigante Salmon AS report for the first quarter is published today. The fish have
shown positive development throughout the quarter, and the standing biomass at
the end of the period was 1,070 tonnes.

The facility construction is in the final phase, with two out of three
production basins completed, on track for the planned ramp-up to full annual
capacity of approximately 16,000 tonnes HOG by 2028.

"Completing another production basin is a milestone, but even more gratifying is
the fact that we have now delivered the first salmon grown in our facility,"
says CEO Kjell Lorentsen.

Gigante Salmon AS has initiated harvesting from the trial production, expecting
a total volume of approximately 550 tonnes HOG. 

Key highlights from Q1:
o Standing biomass at the end of the period: 1,070 tonnes
o Certification achieved in accordance with the GlobalGAP standard
o Production basin B completed and testing initiated
o In production basin C, all walls have been cast