NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN
OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS,
ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) (THE
"UNITED STATES"), AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION
OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH
THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Bodø, Norway, 5 March 2026

Reference is made to the stock exchange announcement by Gigante Salmon AS (the
"Company") on 11 February 2026 regarding completion of a private placement of
47,000,000 new shares (the "Private Placement") and a retail offering of
1,000,000 new shares (the "Retail Offering"), each at a subscription price of
NOK 7.50 per share, and a potential subsequent offering (the "Subsequent
Offering") of up to 5,333,333 new shares (the "Offer Shares") at a subscription
price of NOK 7.50 per share (the "Offer Price"). The Offer Price is equal to the
subscription price in the Private Placement and the Retail Offering.

The Subsequent Offering and Subscription Rights
The Company's board of directors ("Board of Directors") has resolved to proceed
with the Subsequent Offering, which may raise total gross proceeds of up to
approx. NOK 40 million. The Subsequent Offering will be directed towards
existing shareholders in the Company as of 10 February 2026, as registered in
VPS on 12 February 2026 (the "Record Date"), who (i) were not included in the
pre-sounding phase of the Private Placement, (ii) were not allocated Shares in
the Private Placement