Bodø, 22 July 2024:
Reference is made to the stock exchange notice by Gigante Salmon AS (the
"Company") published on 10 July 2024 regarding the final result of a subsequent
offering of 2,473,951 new shares in the Company raising gross proceeds of
approx. NOK 16.1 million (the "Subsequent Offering").

The share capital increase pertaining to the Subsequent Offering is now
registered with the Norwegian Register of Business Enterprises. Following this,
the Company's registered share capital is NOK 171,263,594.00 divided into
171,263,594 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@gigante.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.