DISCLOSURE OF LARGE SHAREHOLDING – JOH JOHANNSON EIENDOM AS

11 Apr 2023 11:16 CEST

Reference is made to the stock exchange announcement by Atlantic Sapphire ASA
(the "Company") on 16 March 2023 regarding, among other things, a private
placement of new shares (the "New Shares") in the Company (the "Private
Placement"). The Private Placement is divided into two separate tranches, where
the first tranche consists of 30,653,281 new shares ("Tranche 1") and the second
tranche ("Tranche 2") consists of 88,346,719 new shares.

Joh Johannson Eiendom AS was allocated 10,000,000 New Shares in the Private
Placement, split into 2,575,905 shares in Tranche 1 and 7,424,095 shares in
Tranche 2. The share capital increases relating to the Private Placement has
been approved today, 11 April 2023, by an extraordinary general meeting of the
Company.

Following issuance of these new shares, and upon registration of the
corresponding share capital increase in the Norwegian Register of Business
Enterprises and subsequent delivery of such shares, Joh Johannson Eiendom AS
will hold a total of 17,649,929 shares in the Company, representing 6.48 % of
the total number of shares and voting rights.

The disclosure obligation was triggered by Joh Johannson Eiendom AS crossing
above the 5 % threshold of total number of voting rights and shares in the
Company.

This information is subject to the disclosure requirements pursuant to Sections
4-2 and 5-12 of the Norwegian Securities Trading Act.

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