Atlantic Sapphire ASA: Q3 2024 Trading Update

01 Oct 2024 17:26 CEST

Miami, FL, October 1, 2024

Atlantic Sapphire ASA along with its subsidiaries (collectively, the “Company”)
harvested a total volume of approximately 1,300t HOG for the third quarter ended
30 September 2024 (Q3 2023: 365t). Harvest weight has increased during the
quarter as the standing biomass has been adapted to the current feeding capacity
during the quarter according to prior communication from the Company.

During the third quarter, biological development progressed favorably with
stable water quality and temperatures, low mortalities, and increased harvest
weight throughout the quarter following the operational measures taken to
increase harvest size. The realized average harvest weight was 1.42 kg HOG in
July, 1.55 kg HOG in August, and 2.19 kg HOG in September. In addition, the
Company has adapted its biomass to current feeding volumes and expects further
increased average harvest weight in the fourth quarter of 2024.

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