Atlantic Sapphire ASA: Notice of Extraordinary General Meeting

09 Sep 2025 17:44 CEST

Miami, FL, 9 September 2025

Reference is made to the stock exchange notice by Atlantic Sapphire ASA (the
"Company") on 31 August 2025 regarding, inter alia, the contemplated raise of a
new convertible loan of USD 31 – 35 million (the "Convertible Loan").

In order to formally approve the Convertible Loan, the Company's Board of
Directors (the "Board") hereby calls for an extraordinary general meeting to be
held digitally on 30 September 2025 at 16.00 CET. The Board has also proposed to
approve updated guidelines for salary and other remuneration to leading
personnel, to reduce the Company's share capital through reduction of the par
value of the Company's shares and to grant and renew certain Board
authorizations as well as propose a potential issue of independent subscription
rights in connection with a contemplated long-term incentive program.

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

For further information, please contact:
Pedro Courard,
CEO, Atlantic Sapphire ASA

Gunnar Aasbo-Skinderhaug
Atlantic Sapphire ASA, Deputy CEO/ CFO
Email: 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
7,500-8,500 tons (HOG) of salmon annually. The Company completed its first
commercial harvest in the US in September 2020. Atlantic Sapphire is currently
developing its Phase 2 expansion, which will bring total annual production
capacity to 25,000 tons and has a long-term targeted harvest volume of >100,000
tons.

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

654984_Atlantic Sapphire ASA - Notice of EGM 30 September 2025.pdf