Bodø, Norway, 21 January 2024

Functional testing of production equipment and facilities has been carried out
and completed, and Gigante Salmon will release smolts in the first production
unit in the next few days.

Production starts in one of the facility's total of three production units. The
entire facility, including the last two production units, will be completed
through 2024.

Further information will be provided in connection with the company's Q4
presentation Tuesday 23 January at 10:00 CET. Link to the webcast:

https://gigantesalmon.no/investor/websendinger/#/gigante-salmon/quarterly-earnin
g-reports-2023/06e46klo

For further information, please contact:
Helge E. W. Albertsen, CEO 
Telephone: +47 480 47 613
Email: helge@gigantesalmon.no

Rune Johansen, CFO 
Telephone: +47 988 44 724 
Email: rune@gigantesalmon.no

Gigante Salmon: 
Gigante Salmon is a land-based salmon farming company with its first production
facility under construction on Lille Indre Rosøya 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, i.e., sea
lice and escapes as well as reduced mortality, emissions, feed waste and impact
on nearby surroundings.

For further information about the company please visit www.gigantesalmon.no