Atlantic Sapphire ASA: Disclosure of Voting Proxies

04 Apr 2023 17:19 CEST

Miami, FL, 4 April 2023

Reference is made to the notice from Atlantic Sapphire ASA (the "Company") for
an extraordinary general meeting to be held on 11 April 2023 (the "EGM").

Johan Andreassen, Chairman of the board of the Company, has received proxies to
vote for 8,618,055 shares in the Company at the EGM, corresponding to 5.62% of
the outstanding shares and votes.

In addition, Andreassen controls (through Alsco AS and JEA Holding AS)
11,501,114 shares and votes in the Company, corresponding to 7.5% of the
outstanding shares and votes. This implies that Andreassen is entitled to vote
for 20,119,169 shares in the Company at the EGM, corresponding to 13.13% of the
total outstanding votes.

The voting proxies lapse automatically after the EGM has been held.

This notification is made with reference to section 4-3 of the Norwegian
Securities Trading Act and is subject to the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Johan Andreassen, Chairman, Atlantic Sapphire ASA;

or

Karl Øystein Øyehaug, Chief Financing Officer & Managing Director, Atlantic
Sapphire ASA

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 long
term harvest volume of 220,000 tons.

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