Operational Update - Q3 2026

Bodø, Norway, 7 October 2026 - Gigante Salmon AS (OSE: GIGA) announces its operational update for the third quarter of 2026:

At the end of the quarter, Gigante Salmon had an estimated standing biomass of 3,900 tonnes, with an average weight of 1.02 kg. The H2025 generation had a standing biomass of 3,600 tonnes, with an average weight of 1.95 kg. The H2026 generation had a standing biomass of 300 tonnes, with an average weight of 0.15 kg. The final smolt stocking for the H2026 generation is expected to be completed by the end of October. No fish were harvested during the quarter.

The full Q3 2026 report will be available from 20 October 2026 at 07:00 CEST on the Company's website, www.gigantesalmon.no, and on the Oslo Stock Exchange's website, www.newsweb.no, followed by a management presentation in Norwegian at 09:00 CEST. The presentation will be conducted in Norwegian and webcast via the Company's website.

For further information, please contact: Kristian Lorentsen, CEO Phone: +47 979 51 239 E-mail: kristian@gigante.no

Benny Hansen, CFO Phone: +47 907 80 292 E-mail: benny@gigantesalmon.no

Rune Johansen, CIRO Phone: +47 988 44 724 E-mail: rune@gigantesalmon.no

About Gigante Salmon AS Gigante Salmon AS is a land-based salmon farming company currently constructing its first production facility on Lille Indre Rosøy in Rødøy Municipality, Norway. The Company's aquaculture concept is based on a flow-through system that combines the advantages of conventional sea-based and land-based aquaculture while reducing and eliminating the challenges associated with traditional sea farming. For more information about the Company, please visit www.gigantesalmon.no. This information is subject to the disclosure requirements pursuant to *Section 5-12 of the Norwegian Securities Trading Act