Bodø,4 July 2024 : Reference is made to the stock exchange announcement fromGigante Salmon AS (the "Company") on19 March 2024 at10:12 a.m. regarding the updated cost estimate for the completion of the facility in Rødøy. Oslo Børs has initiated investigations into the Company's handling and disclosure of inside information pursuant to the Market Abuse Regulation and the Euronext Growth Oslo Rulebook - Part II. The Company has received advance notice of the decision from theOslo Stock Exchange . An advance notice of a decision has been made that a violation fine will be imposed for failing to ensure timely publication of information about the cost overrun. The size of the violation fine will be determined in the final decision, if such a fine is made, and after the Company's input to the advance notice. The Company has been given a deadline to submit comments on the advance notice on Monday12 August 2024 at 09:00. Gigante Salmon will assess the advance notice that has been received and whether there are grounds for commenting the stock exchange's assessments within the deadline. For further information, please contact:Kjell Lorentsen , CEO Phone: +47 911 22 688 E-mail: kjell@gigante.noRune Johansen , CFO Phone: +47 988 44 724 E-mail: rune@gigantesalmon.no AboutGigante Salmon AS :Gigante Salmon AS 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. Important information: This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. The stock exchange announcement was published byRune Johansen , CFO inGigante Salmon AS , at the time and date stated above in this announcement. The information, opinions and forward-looking statements contained in this announcement speak only as at its date and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.
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