Atlantic Sapphire ASA: Notifiable Transactions in Connection with Private Placement

11 Apr 2023 09:57 CEST

Miami, Fl, 11 April 2023

Reference is made to the stock exchange notice from Atlantic Sapphire ASA
("Atlantic Sapphire" or the "Company") published on 16 March 2023 regarding the
conditional completion of a private placement raising gross proceeds of NOK 595
million (the "Private Placement") through issuance of new shares (the "Offer
Shares") in the Company with a subscription price of NOK 5.00 per Offer Share
(the "Offer Price"). Reference is furthermore made to the decision by the
Company's extraordinary general meeting held on 11 April 2023 to approve the
share capital increases in connection with the Private Placement.

The following persons discharging managerial responsibilities and their close
associates have been allocated Offer Shares in the Private Placement at the
Offer Price:

i) Strawberry Capital AS, a close associate of director Kenneth Jarl Andersen,
has been allocated 14,047,540 Offer Shares at the Offer Price, for a total
subscription amount of NOK 108,058,000;
ii) ASInvest AS, a close associate of director Andre Skarbø, has been allocated
1,240,000 Offer Shares at the Offer Price, for a total subscription amount of
NOK 6,200,000;
iii) Jon-Birger Løvik, Chief Operating Officer, has been allocated 200,000 Offer
Shares at the Offer Price, for a total subscription amount of NOK 1,000,000;
iv) Svein Taklo, Chief Development and Infrastructure Officer, has been
allocated 50,000 Offer Shares at the Offer Price, for a total subscription
amount of NOK 250,000; and
v) Tone Bjørnov, director, has been allocated 10,000 Offer Shares at the Offer
Price, for a total subscription amount of NOK 50,000.

Please see attached notification forms for further information.

For further information, please contact:

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

or

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.

This information is subject to the disclosure requirements pursuant to
Regulation EU 596/2014 (MAR) article 19 and the Norwegian Securities Trading Act
section 5-12.

More information:
Access the news on Oslo Bors NewsWeb site

587306_240411 - Notification form - T Bjørnov - Private Placement.pdf
587306_240411 - Notification form - ASInvest AS - Private Placement.pdf
587306_240411 - Notification form - Strawberry Capital AS - Private Placement.pdf
587306_240411 - Notification form - S Taklo - Private Placement.pdf
587306_240411 - Notification form - JB Løvik - Private Placement.pdf