Bodø, Norge, 17. januar 2025

Selskapet rapporterte i 3. kvartal estimerte investeringskostnader per kilo
biomasse på opptil NOK 65, basert på forventet produksjon på 16 000 tonn. Som
følge av lengre periode med dårlig vær har installasjon av overflatekledning på
gulv ikke vært mulig, og ferdigstillelse av produksjonsbasseng 2 er forsinket.
Dette har også påvirket framdriften i produksjonsbasseng 1 noe. 

Forsinkelser vil normalt medfører økte kostnader. Selskapet er i prosess for
vurdering av fremdrift og kostnader som følge av forsinkelsene. Det er ikke
forventet presentert oppdatert kostnadsestimat for 4. kvartalsrapporteringen,
men kostnadspådrag er forventet å reduseres gradvis i sluttfasen for
utbyggingsprosjekt i Rødøy. Selskapets vurdering av kostnader for prosjektet
totalt sett er at de vil øke noe fra estimat i 3. kvartalsrapportering, men
ligge innenfor etablert finansiering.

For ytterligere informasjon: 

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

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

Gigante Salmon:
Gigante Salmon AS er et landbasert lakseoppdrettsselskap som bygger sitt første
anlegg på Lille Indre Rosøy i Rødøy kommune. Selskapets akvakulturkonsept er et
gjennomstrømmingssystem som ivaretar fordelene fra både konvensjonell sjøbasert,
og landbasert akvakultur, samtidig som det reduserer og eliminerer utfordringene
assosiert med tradisjonell oppdrett i sjø. Se www.gigantesalmon.no for mer
informasjon om selskapet.

Important notice:

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. 

Neither this announcement nor anything contained herein constitutes a financial
promotion, or an invitation or inducement to acquire or sell securities in any
jurisdiction. This announcement is for information purposes only and is not to
be relied upon in substitution for the exercise of independent judgment. It is
not intended as investment advice and under no circumstances is it to be used or
considered as an offer to sell, or a solicitation of an offer to buy any
securities or a recommendation to buy or sell any securities of the Company. 

The distribution of this announcement and other information may be restricted by
law in certain jurisdictions. Copies of this announcement are not being made and
may not be distributed or sent into any jurisdiction in which such distribution
would be unlawful or would require registration or other measures. Persons into
whose possession this announcement or such other information should come are
required to inform themselves about and to observe any such restrictions.

This announcement contains statements regarding the prospects and strategies of
the Company. These statements are sometimes identified by the use of the future
or conditional tense, or by the use of forward-looking terms such as
"considers", "envisages", "believes", "aims", "expects", "intends", "should",
"anticipates", "estimates", "thinks", "wishes" and "might", or, if applicable,
the negative form of such terms and similar expressions or similar terminology.
Such information is not historical in nature and should not be interpreted as a
guarantee of future performance. Such information is based on data, assumptions,
and estimates that the Company considers reasonable. Such information is subject
to change or modification based on uncertainties in the economic, financial,
competitive or regulatory environments. The Company's forward-looking statements
speak only as of the date of this announcement. Absent any applicable legal or
regulatory requirements, the Company expressly disclaims any obligation to
release any updates to any forward-looking statements contained in this
announcement to reflect any change in its expectations or any change in events,
conditions, or circumstances, on which any forward-looking statement contained
in this announcement is based.

The Company operates in a competitive and rapidly evolving environment