Gigante Salmon AS: Final result of Subsequent Offering -November 15, 2023 at 03:57 pm EST

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 ended on Wednesday 15
November at 16:30 CET. By the end of the subscription period, the Company had
received valid subscriptions for 840,445 shares in the Subsequent Offering. The
board of the Company has today resolved that a total of 840,445 offer shares
will be allocated at the Offer Price in accordance with the allocation criteria
set out in the registration prospectus, raising gross proceeds of NOK 6,051,204.

Notifications of allocated Offer Shares in the Subsequent Offering and the
corresponding amount to be paid by each subscriber will be sent out in a
separate letter to each subscriber on or about 17 November 2023. Investors that
are allocated Offer Shares can access information on the number of Offer Shares
allocated through VPS on or about 17 November 2023 from 14:00 hrs CET.

The due date for payment of the Offer Shares is on 21 November 2023. Subject to
duly and timely payment of the Offer Shares by the subscribers, the share
capital increase pertaining to the Offer Shares is expected to be registered in
the Norwegian Register of Business Enterprises on or about 24 November 2023 and
will be delivered to the VPS accounts of the subscribers shortly thereafter. The
Offer Shares will have equal rights and rank pari passu with the Company's other
shares from the time of registration of the Offer Shares in the VPS.

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: [email protected]
Phone: +47 995 70 189

Rune Johansen, CFO
E-mail: [email protected]
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.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange