Gigante Salmon AS

Share Issue/Capital Change • Nov 15, 2023

Gigante Salmon AS: Last day of subscription period in Subsequent Offering

Gigante Salmon AS: Last day of subscription period in Subsequent Offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange notice from Gigante Salmon AS (the "Company") on 2 November 2023 regarding the start of the subscription period in the subsequent offering (the "Subsequent Offering") of up to 2,777,777 new shares (the “Offer Shares”) at a subscription price of NOK 7.2 per share (the "Offer Price").

The subscription period for the Subsequent Offering will expire today at 16:30 CET.

Completed subscription forms must be received by the manager of the Subsequent Offering, Sparebank 1 Markets AS, by the subscription period expiration time. Subscription rights that are not used to subscribe for Offer Shares by the end of the subscription period will have no value and will lapse without compensation to the holder.

For more information, please refer to the prospectus dated 1 November 2023, prepared by the Company in connection with the Subsequent Offering, which is available at www.gigantesalmon.no.

Advisors

SpareBank 1 Markets AS and SpareBank 1 Nord-Norge AS is acting as managers for the Subsequent Offering (the "Managers"). Advokatfirmaet Haavind AS is acting as legal counsel to the Company.

For more information, please contact:

Eirik Sørgård, Chair of the board

E-mail: es@pronord.no

Phone: +47 995 70 189

Rune Johansen, CFO

E-mail: rune@gigantesalmon.no

Phone: +47 988 44 724

About Gigante Salmon

Gigante Salmon is a salmon farming company 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.