Gigante Salmon AS

Share Issue/Capital Change • Oct 11, 2023

Key information relating to a potential Subsequent Offering to be carried out by Gigante Salmon AS

Key information relating to a potential Subsequent Offering to be carried out by Gigante Salmon AS

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA, NEW ZEALAND, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Reference is made to the stock exchange notice from Gigante Salmon AS (the “Company”) on 11 October 2023 regarding the successful completion of a private placement of 27,777,777 new shares in the Company at a subscription price of NOK 7.2 per share (the “Offer Price”) raising gross proceeds of approx. NOK 200 million (the “Private Placement”) and a potential subsequent offering of new shares at a price equal to the Offer Price (the “Subsequent Offering”).

In accordance with the continuing obligations of companies listed on Euronext Growth Oslo, the following key information is given with respect to the Subsequent Offering:

Date of announcement of the potential Subsequent Offering: 11 October 2023

Last day of trading including right to participate in Subsequent Offering: 11 October 2023

First Date of trading excluding right to participate in Subsequent Offering: 12 October 2023

Record Date: 13 October 2023

Date of approval: On or about 31 October 2023

Maximum number of new shares: 2,777,777

Subscription price: NOK 7.2

For further 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

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the EU Market Abuse Regulation (MAR).

This stock exchange announcement was published by Rune Johansen (CFO), on the time and date provided.

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.