<div id="readability-page-1"><div>NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY ORINDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHERJURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BEUNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THESECURITIES DESCRIBED HEREIN.Bodø, 11 February 2026Reference is made to the stock exchange announcement by Gigante Salmon AS(&#34;the&#34;Company&#34;) today regarding the completion of a private placement of new sharesin the Company (the &#34;Private Placement&#34;), in addition to a separate retailoffering, with total gross proceeds in the amount of NOK 360 million, and thatthe Company may carry out a subsequent share offering (the &#34;SubsequentOffering&#34;) with non-tradeable subscription rights of up to 5,333,333 newsharesin the Company, which, subject to applicable securities law, will be directedtowards existing shareholders in the Company as of 10 February 2026 (asregistered in Euronext Securities Oslo on 12 February 2026), who (i) were notincluded in the pre-sounding phase of the Private Placement, (ii) were notallocated offer shares in the Private Placement, and (iii) are not resident inajurisdiction where such offering would be unlawful or, would (in jurisdictionsother than Norway) require any prospectus, filing, registration or similaraction.Date for announcement of terms: 11 February 2026Last day including right to receive subscription rights: 10 February 2026First day excluding right to receive subscription rights: 11 February 2026Record date: 12 February 2026Maximum number of new shares: 5,333,333Subscription price: NOK 7.50Shall the subscription rights be listed: NoThe Subsequent Offering will be subject to (i) the prevailing market price ofthe Company's shares, (ii) relevant corporate resolutions being passed by theCompany, and (iii) the registration of a national prospectus with theNorwegianRegister of Business Enterprises.The formal resolution (including the final number of new shares to be offered) related to any Subsequent Offering will be made by the board of directors oftheCompany following the registration and subsequent publication of a nationalprospectus prepared in connection with the Subsequent Offering.DNB Carnegie, a part of DNB Bank ASA, Pareto Securities AS and SB1 Markets ASare acting as managers in connection with the Private Placement and theSubsequent Offering. Advokatfirmaet Selmer AS is acting as legal advisor totheCompany, while Advokatfirmaet Wiersholm AS is acting as legal advisor to theManagers.About Gigante Salmon AS:Gigante Salmon AS is a land-based salmon farming company with its firstproduction facility under construction on Lille Indre Rosøy in Rødøy, Norway.The Company's aquaculture concept is based on a flow-through system, combiningthe benefits of conventional and land-based aquaculture while simultaneouslyeliminating issues associated with conventional, sea based, farming. Visitwww.gigantesalmon.no for more information.For further information, please contact:Kjell Lorentsen, CEOPhone: +47 911 22 688E-mail: kjell@gigante.noBenny Hansen, CFOPhone: +47 902 80 292E-mail: benny@gigantesalmon.noThis information is published in accordance with the requirements of theContinuing Obligations for companies listed on Euronext Growth Oslo andsection5-12 of the Norwegian Securities Trading Act.Important notice:This announcement is not and does not form a part of any offer to sell, or asolicitation of an offer to purchase, any securities of the Company. Copies ofthis announcement are not being made and may not be distributed or sent intoanyjurisdiction in which such distribution would be unlawful or would requireregistration or other measures.The securities referred to in this announcement have not been and will not beregistered under the U.S. Securities Act of 1933, as amended (the &#34;USSecuritiesAct&#34;), and accordingly may not be offered or sold in the United States absentregistration or an applicable exemption from the registration requirements ofthe US Securities Act and in accordance with applicable U.S. state securitieslaws. The Company does not intend to register any part of the offering in theUnited States or to conduct a public offering of securities in the UnitedStates. Any sale in the United States of the securities mentioned in thisannouncement will be made solely to &#34;qualified institutional buyers&#34; asdefinedin Rule 144A under the US Securities Act.In any EEA Member State, this communication is only addressed to and is onlydirected at qualified investors in that Member State within the meaning of theProspectus Regulation, i.e., only to investors who can receive the offerwithoutan approved prospectus in such EEA Member State. The &#34;Prospectus Regulation&#34;means Regulation (EU) 2017/1129, as amended (together with any applicableimplementing measures) in any Member State.This communication is only being distributed to and is only directed atpersonsin the United Kingdom that are (i) investment professionals falling withinArticle 19(5) of the Financial Services and Markets Act 2000 (FinancialPromotion) Order 2005, as amended (the &#34;Order&#34;) or (ii) high net worthentities,and other persons to whom this announcement may lawfully be communicated,falling within Article 49(2)(a) to (d) of the Order (all such persons togetherbeing referred to as &#34;relevant persons&#34;). This communication must not be actedon or relied on by persons who are not relevant persons. Any investment orinvestment activity to which this communication relates is available only forrelevant persons and will be engaged in only with relevant persons. Personsdistributing this communication must satisfy themselves that it is lawful todoso.This communication must not be acted on or relied on by persons who are notrelevant persons. Any investment or investment activity to which thiscommunication relates is available only for relevant persons and will beengagedin only with relevant persons. Persons distributing this communication mustsatisfy themselves that it is lawful to do so.Matters discussed in this announcement may constitute or include certainforward-looking statements. Forward-looking statements are statements that arenot historical facts and may include, without limitation, any statementspreceded by, followed by or including words such as &#34;aims&#34;, &#34;anticipates&#34;,&#34;believes&#34;, &#34;can have&#34;, &#34;continues&#34;, &#34;could&#34;, &#34;estimates&#34;, &#34;expects&#34;,&#34;intends&#34;,&#34;likely&#34;, &#34;may&#34;, &#34;plans&#34;, &#34;projects&#34;, &#34;should&#34;, &#34;target&#34; &#34;will&#34;, &#34;would&#34; andwords or expressions of similar meaning or the negative thereof. Thesestatements are based on the management's current views and assumptions andinvolve both known and unknown risks and uncertainties and assumptions thatarewithin and outside the management's control. Although the Company believesthatthe expectations implied in any such forward-looking statements arereasonable,no assurance can be given that such expectations will prove to be correct.Actual results, performance or events may differ materially from those set outor implied in the forward-looking statements. No representation is made thatanyof these forward-looking statements or forecasts will come to pass or that anyforecast result will be achieved. The forward-looking statements included inthis announcement represent the Company's views as of the date of thisannouncement and subsequent events and developments may cause the Company'sviews to change. The Company disclaims any obligation to updateforward-lookinginformation except as required by law. Readers should not place undue relianceon any forward-looking statement.The information, opinions and forward-looking statements contained in thisannouncement speak only as at its date, and are subject to change withoutnotice. The Company does not undertake any obligation to review, update,confirm, or to release publicly any revisions to any forward-lookingstatementsto reflect events that occur or circumstances that arise in relation to thecontent of this announcement.Neither the Manager nor any of its affiliates makes any representation as totheaccuracy or completeness of this announcement and none of them accepts anyresponsibility for the contents of this announcement or any matters referredtoherein.This announcement is for information purposes only and is not to be relieduponin substitution for the exercise of independent judgment. It is not intendedasinvestment advice and under no circumstances is it to be used or considered asan offer to sell, or a solicitation of an offer to buy any securities or arecommendation to buy or sell any securities of the Company. Neither theManagernor any of its affiliates accepts any liability arising from the use of thisannouncement.The distribution of this announcement and other information may be restrictedbylaw in certain jurisdictions. Persons into whose possession this announcementorsuch other information should come are required to inform themselves about andto observe any such restrictions.https://newsweb.oslobors.no/message/665321</div></div>

Gigante Salmon AS announced a potential Subsequent Offering of up to 5,333,333 new shares at a subscription price of NOK 7.50, directed towards existing shareholders not included in the recent Private Placement. The offering is subject to market conditions and corporate resolutions. Key dates include the announcement of terms on February 11, 2026, and the record date on February 12, 2026. DNB Carnegie, Pareto Securities, and SB1 Markets are managing the offering, with legal advice from Advokatfirmaet Selmer AS and Advokatfirmaet Wiersholm AS. The company focuses on land-based salmon farming in Norway.

Key information relating to a potential Subsequent Offering to be carried out by Gigante Salmon AS