GIGANTE SALMON AS: Publication of Annual Report 2022

30 Mar 2023 07:00 CEST

Bodø, 30 March 2023

The Board of Directors of Gigante Salmon AS has approved the annual accounts for
2022, and the 2022 annual report has today been published.

The report is attached to this stock exchange announcement and published on the
company's website:
https://gigantesalmon.no/investor/rapporter-og-presentasjoner/

- The fact that we deliver a net profit of NOK 5.5 million in 2022 is due to the
company's strong focus on keeping the cost level down, together with a positive
financial income and negative tax costs. We are pleased to state that we are on
track for start-up in September 2023, says CFO Rune Johansen. Johansen is also
highlighting the company´s strong financial structure with an equity ratio of
88% as well as working capital for biomass build-up of NOK 140 million.

In connection with the 2022 annual report, Gigante Salmon is pleased to invite
you to a management presentation on Thursday 30 March at 09:00 CET at Hotel
Continental, Stortingsgaten 24/26, Oslo.
Breakfast, coffee and tea is served from 08:30.

The presentation will be held by CEO Helge E. W. Albertsen and CFO Rune
Johansen. The presentation will also be webcasted via the following link:
https://gigantesalmon.no/investor/websendinger/#/gigante-salmon/annual-reports/6
e890qu0

The presentation will be held in Norwegian, and will finish off with a Q&A
session where you may submit questions in writing.

A recording of the webinar in Norwegian will be made available on the company’s
homepage.

For further information, please contact:

Helge E. W. Albertsen, CEO
Phone: +47 480 47 613
E-mail: helge@gigantesalmon.no

Rune Johansen, CFO
Phone: +47 988 44 724
E-mailt: rune@gigantesalmon.no

Kristian Lorentsen, acting CFO
Phone: +47 979 51 239
E-mailt: kristian@gigante.no

About Gigante Salmon
Gigante Salmon is a salmon-farming firm that is seeking to begin land-based
operations on the islet of Lille Indre Rosøy in Rødøy in the Helgeland district
of central Norway. Our salmon-farming concept is based on a flow-through system
that combines the advantages of conventional and land-based operations.

Visit www.gigantesalmon.no for more information.

More information:
Access the news on Oslo Bors NewsWeb site

586588_AnnualReport_2022_GIGA.pdf
586588_Presentation_AnnualReport2022_GIGA.pdf