Gigante Salmon: Operational update Q1

04 Apr 2025 07:00 CEST

Bodø, 4 April 2025

By the end of the first quarter Gigante Salmon had accumulated a standing
biomass of a total 1,070 tonnes. The Winter 2024 generation accounts for 560
tonnes of the total biomass, with an average weight of 3,500 grams.

The Autumn 2024 generation makes ut the remaining biomass, 510 tonnes, with an
average weight of 620 grams.

Production has been positive throughout the quarter, with satisfactory growth.

Gigante Salmon will begin harvesting the pilot production, the Winter 2024
generation, in the second quarter of 2025. The expected harvest volume is
approximately 550 tonnes HOG.

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 AS:
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 of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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