Disclosure of significant shareholding in Atlantic Sapphire ASA

26 Jul 2022 14:08 CEST

This disclosure is made pursuant to Chapter 4, Section 4-1 of the Norwegian
Securities Trading Act, the stock exchange announcement by Atlantic Sapphire ASA
on 28th June 2022 regarding a private placement of new shares, and the
registered share capital increase. The new shares in the private placement
(including the second tranche) were approved by the EGM held on 20th July 2022,
and have now been registered with the Norwegian Register of Business
Enterprises.

The Pelham Long/Short Small Cap Master Fund Ltd (“the Pelham Small Cap Fund”),
has been allocated 7,207,317 shares in the private placement at a price per
share of NOK 20.50. The new shares in the private placement (including the
second tranche approved by the EGM) have been reflected in the number of shares
in issue, and the position of the Pelham Small Cap Fund has increased above the
reportable threshold of 10%.

The Pelham Small Cap Fund Ltd has a total shareholding in Atlantic Sapphire ASA
of 14,035,908 shares which represents 10.02% of the shares outstanding and
voting rights of Atlantic Sapphire ASA, using the new denominator of 140,096,217
shares.

The shares and rights to shares are owned by the Pelham Small Cap Fund which is
a collective undertaking controlled by the Investment Manager, Pelham Capital
Ltd. Pelham Capital Ltd has discretionary authority for the management of
another collective undertaking which holds 1,420,155 shares, which did not
participate in the private placement. In aggregate Pelham Capital Ltd exercises
control over 15,456,063 shares outstanding and voting rights of 11.03 % of
Atlantic Sapphire ASA.

If you have any questions with respect to this notification, please contact
Fergus Lee, Compliance Officer of Pelham Capital Ltd via email at
flee@pelhamcapital.com

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