Bodø, 4 July 2024: 
Reference is made to the stock exchange announcement from Gigante Salmon AS (the
"Company") on 19 March 2024 at 10:12 a.m. regarding the updated cost estimate
for the completion of the facility in Rødøy. Oslo Børs has initiated
investigations into the Company's handling and disclosure of inside information
pursuant to the Market Abuse Regulation and the Euronext Growth Oslo Rulebook -
Part II.

The Company has received advance notice of the decision from the Oslo Stock
Exchange. An advance notice of a decision has been made that a violation fine
will be imposed for failing to ensure timely publication of information about
the cost overrun. The size of the violation fine will be determined in the final
decision, if such a fine is made, and after the Company's input to the advance
notice.

The Company has been given a deadline to submit comments on the advance notice
on Monday 12 August 2024 at 09:00. Gigante Salmon will assess the advance notice
that has been received and whether there are grounds for commenting the stock
exchange's assessments within the deadline.

For further 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.

Important information:
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation 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.

The information, opinions and forward-looking statements contained in this
announcement speak only as at its date and are subject to change without notice.
The Company does not undertake any obligation to review, update, confirm, or to
release publicly any revisions to any forward-looking statements to reflect
events that occur or circumstances that arise in relation to the content of this
announcement.