Gigante Salmon AS

Earnings Release • May 30, 2025

Gigante Salmon: First harvest completed

Gigante Salmon: First harvest completed

Bodø, 30 May 2025

Gigante Salmon has completed first harvest from the company’s trial production. The result is a total harvest volume of 694 tons HOG, compared to previous expectation of up to 650 tons HOG.

The harvest fish had an average weight of 3.8 kg WFE, with 91% superior quality.

"It is a milestone to have produced and delivered our first fish with good results. With a good facility and skilled employees, everything is in place for a good production, says CEO Kjell Lorentsen".

The facility construction is in the final phase, with two out of three production basins completed, on track for the planned ramp-up to full annual capacity of approximately 16,000 tonnes HOG by 2028. The company plans to release 2.2 million smolt during the third quarter 2025.

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:

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 to disclosure under the Norwegian Securities Trading Act, §5-12.