Bodø, 30 May 2025

Gigante Salmon has completed first harvest from the company's trial production.
The result is a total harvest volume of 694 tons HOG, compared to previous
expectation of up to 650 tons HOG.

The harvest fish had an average weight of 3.8 kg WFE, with 91% superior quality.

"It is a milestone to have produced and delivered our first fish with good
results. With a good facility and skilled employees, everything is in place for
a good production, says CEO Kjell Lorentsen".

The facility construction is in the final phase, with two out of three
production basins completed, on track for the planned ramp-up to full annual
capacity of approximately 16,000 tonnes HOG by 2028. The company plans to
release 2.2 million smolt during the third quarter 2025.

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

Gigante Salmon:
Gigante Salmon 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.

This information is subject to disclosure under the Norwegian Securities Trading
Act, §5-12.