Bodø, Norway, 04 March 2026

The Board of Directors of Gigante Salmon AS has approved the annual report for
2025 which is published today.

The annual report for 2025 is attached to this announcement, and also available
on the companyŽs website:
https://gigantesalmon.no/investor/rapporter-og-presentasjoner/ 

Throughout 2025, the company reached several milestones, with more expected in
2026:

o Pools A and B are in full operation, and Pool C will be ready for operation in
spring 2026. In Pool A, 2.4 million smolt were stocked during the third and
fourth quarters.
o Successful completion of the first harvest from Generation Autumn 2024. The
remaining harvests from Generation Autumn 2024 are planned for Q1 and Q2 2026.
o An extraordinary general meeting was held, and an authorization was granted to
carry out a planned capital increase of NOK 150-300 million. The company
completed a highly successful private placement in February 2026, raising NOK
360 million to support the continued build-up of working capital and the
finalization of the facility.

The ramp-up of production continues as planned, and in the second half of 2026
we expect additional smolt stocking of approximately 3.3 million fish-an
important step toward full capacity utilization.


For further information, please contact:

Kjell Lorentsen, CEO
Phone: +47 911 22 688
E-mail: kjell@gigante.no

Benny Hansen, CFO
Phone: +47 907 80 292
E-mail: benny@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.