Bodø, Norway, 18 March 2025

The Board of Directors of Gigante Salmon AS has approved the annual report for
2024 which is published today.

The annual report for 2024 is attached to this announcement, and also available
on the companyŽs website:
https://gigantesalmon.no/investor/rapporter-og-presentasjoner/

Gigante Salmon AS is progressing as planned towards full production capacity
from 2026, with a gradual ramp-up to an annual production of 16,000 tonnes HOG
from 2028 onwards.

The company will start harvesting its pilot production during Q2 2025, expecting
approximately 550 tonnes HOG. 2,2 million smolt will be released during Q3 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.