Atlantic Sapphire ASA: Extraordinary General Meeting Concluded

11 Apr 2023 09:46 CEST

Miami, FL, April 11, 2023

On April 11, 2023, Atlantic Sapphire ASA held its extraordinary general meeting
digitally. All items proposed on the agenda were adopted, including the approval
of the share capital increase in connection with the Private Placement completed
on March 16, 2023.

Please find enclosed the minutes from the meeting in Norwegian and English.

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 Financial 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 10,000 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 long-term
targeted harvest volume of 220,000 tons.

More information:
Access the news on Oslo Bors NewsWeb site

587305_20230411 - Atlantic Sapphire ASA - EGM Minutes 11 April 2023.pdf