Bodø, Norway, 13 February 2024

As announced on 25 January 2024, Gigante Salmon has experienced challenges with
mortality related to the first release of smolt. The main challenges were with
the smolt received in the second delivery, and there is no indication that the
cause of the mortality is related to the facility itself.

The challenges have led to a reduction in production by approx. 300,000, or
nearly 50% of the release that was made in January. This corresponds to the
volume of the second smolt delivery.

Gigante Salmon has collaborated with the fish health services partner to
investigate the cause of the mortality and to implement mitigating measures. No
single factor has been identified, but rather a combination of several causes.
The smolt in the second delivery was of lower quality for several reasons