Atlantic Sapphire ASA: Primary Insider Notification

19 Nov 2022 01:31 CET

Miami, FL, November 18, 2022

Alexander Reus, board member and primary insider, has today sold 31,063 shares
in Atlantic Sapphire ASA at an average price of USD 0.68 per share.

Following the transaction, Mr. Reus directly holds 102,947 shares in the
Company, the equivalent of 0.1% of the outstanding shares. In addition, a family
trust controlled by a related party of Mr. Reus holds 1,601,051 shares in the
Company, corresponding to 1.1% of the total shares outstanding in the Company.

For further information, please contact:

Johan E. Andreassen
Chairman, Atlantic Sapphire ASA, and CEO, Atlantic Sapphire USA LLC;

Karl Øystein Øyehaug
Managing Director, Atlantic Sapphire ASA, and Chief Financing Officer, Atlantic
Sapphire USA LLC

investorrelations@atlanticsapphire.com

About Atlantic Sapphire ASA

Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming,
locally, and transforming protein production, globally. Atlantic Sapphire has
been operating its innovation center in Denmark since 2011 with a strong focus
on R&D and innovation to equip the Company with the technology and procedures
that enable the Company to commercially scale up production in end markets close
to the consumer. 

In the US, the Company has identified and obtained the requisite permits to
construct its Bluehouse® in the ideal location in Homestead, Florida, just south
of Miami. The Company has completed Phase 1 construction, which provides the
capacity to harvest approximately 9,500 tons (HOG) of salmon annually. The
Company completed its first commercial harvest in the US in September 2020.
Atlantic Sapphire is currently constructing its Phase 2 expansion, which will
bring total annual production capacity to 25,000 tons, and has a targeted
harvest volume in 2031 of 220,000 tons.

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

576208_Atlantic Sapphire ASA - Primary Insider Transaction Reus - 18 November 2022.pdf