Atlantic Sapphire ASA: Mandatory notification of trades

30 Sep 2025 18:56 CEST

Miami, FL, 30 September 2025

Reference is made to the earlier stock exchange announcements from Atlantic
Sapphire ASA ("Atlantic Sapphire" or the "Company") regarding the issuance of a
convertible loan (the "Convertible Loan"), and to the extraordinary general
meeting of the Company held on 30 September 2025 where the raise of the
Convertible Loan was approved.

The following primary insiders and close associates of primary insiders have
subscribed for participation in the Convertible Loan as set out below:

- Strawberry Capital AS, a close associate of Kenneth Jarl Andersen, the
chairman of the board of the Company, will participate in the Convertible Loan
with USD 4,088,130;
- Nordlaks Holding AS, a close associate of Eirik Welde, deputy chairman of the
board of the Company, will participate in the Convertible Loan with USD
13,466,260
- Condire Management L.P., a close associate of Detlef von Sehrwald, observer of
the board of the Company, will participate in the Convertible Loan with USD
31,082,927;
- Pedro Courard, CEO, will participate in the Convertible Loan with USD 57,500;
- Gunnar Aasbø-Skinderhaug, Deputy CEO and CFO, will participate in the
Convertible Loan with USD 57,500; and
- Peter DeQuattro, COO, will participate in the Convertible Loan with USD
28,750.

The loan amounts set out above includes capitalizations for capitalization of;
(i) a previously granted bridge loan and associated fees and interest; (ii) a
previously granted convertible loan of USD 20 million and incurred interest
thereunder, and (iii) underwriting fee payable in connection with the
Convertible Loan.

Please refer to the attached notification forms for further information.

For further information, please contact:

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

Investorrelations@atlanticsapphire.com

This information is subject to the disclosure requirements pursuant to the
Market Abuse Regulation art. 19 and the Norwegian Securities Trading Act section
4-2 og 5-12.

* * *

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.

More information:
Access the news on Oslo Bors NewsWeb site

656452_250929 - Notification Form - Convertible Loan - Skinderhaug.pdf
656452_250929 - Notification Form - Convertible Loan - Courard.pdf
656452_250929 - Notification Form - Convertible Loan - DeQuattro.pdf
656452_250929 - Notification Form - Convertible Loan - Nordlaks.pdf
656452_250929 - Notification Form - Convertible Loan - Strawberry Capital AS.pdf
656452_250929 - Notification Form - Convertible Loan - Condire.pdf