Bodø, 24 June 2024: 
Reference is made to the stock exchange notice by Gigante Salmon AS (the
"Company") published on 13 June 2024 regarding the successful completion of a
private placement of 34,615,384 new shares in the Company raising gross proceeds
of approx. NOK 225 million (the "Private Placement").

The share capital increase pertaining to the Private Placement is now registered
with the Norwegian Register of Business Enterprises. Following this, the
Company's registered share capital is NOK 168,789,643 divided into 168,789,643
shares, each with a nominal value of NOK 1 and carrying one vote in the
Company's general meeting.

For more 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

This information is published in accordance with the requirements of the
Continuing Obligations for companies listed on Euronext Growth Oslo and section
5-12 of the Norwegian Securities Trading Act.

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.