Atlantic Sapphire ASA: Notice of Extraordinary General Meeting

27 Aug 2024 15:45 CEST

Miami, 27 August 2024:

Reference is made to the stock exchange notice by Atlantic Sapphire ASA (the
"Company") on 20 August 2024 regarding a proposed underwritten rights issue of
up to USD 60 million and directed convertible loan issue of minimum USD 20
million.

The Company's Board of Directors (the "Board") has also proposed, among other
things, that the EGM shall grant the Board authorization to increase the share
capital, raise convertible loans, and to resolve the consideration shares to the
underwriters.

The Board therefore calls for an extraordinary general meeting to be held
digitally on 17 September 2024 at 15:00 CEST.

The notice with the full agenda is attached both in Norwegian and English.

For further information, please contact:

Gunnar Aasbø-Skinderhaug, Atlantic Sapphire ASA, Deputy CEO/ CFO
Gunnar@atlanticsapphire.com

Investorrelations@atlanticsapphire.com

About Atlantic Sapphire ASA:

Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming,
locally, and transforming protein production, globally. Atlantic Sapphire
operated its innovation center in Denmark from 2011 until 2021 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 holds the requisite permits and patents to construct its
Bluehouse® in an ideal location in Homestead, Florida, just south of Miami. The
Company's Phase 1 facility is in operation, which provides the capacity to
harvest up to 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 long-term targeted harvest
volume of 220,000 tons.
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More information:
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626363_240827 - Notice of EGM.pdf