Gigante Salmon AS

Report Publication Announcement • Mar 30, 2023

GIGANTE SALMON AS: Publication of Annual Report 2022

GIGANTE SALMON AS: Publication of Annual Report 2022

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/6e890qu0

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.