Atlantic Sapphire ASA – Mandatory notification of trade by PDMRs

26 Jun 2026 19:00 CEST

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, JAPAN, HONG KONG, NEW ZEALAND,
SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE
WOULD BE UNLAWFUL

Miami, Florida, 26 June, 2026
Reference is made to earlier stock exchange notices released by Atlantic
Sapphire ASA ("Atlantic Sapphire" or the "Company", and together with its
consolidated subsidiaries, the "Group") regarding the Company's financing
situation and the contemplated restructuring of the Group, e.g. the stock
exchange notice dated 23 May 2026 regarding the entry into the Restructuring
Agreement, and the stock exchange notice published earlier today regarding an
update on the offer from Coral HoldCo AS ("Coral Holding"). As part of such
restructuring, the Investor Group (as defined below) has today, 26 June 2026,
transferred their shares in the Company to Coral Holding (the "Transaction").

Coral Holding is a joint investment company established by a group of the
Company's largest shareholders and convertible loan holders, consisting of; (i)
Condire Management L.P, (ii) Nordlaks Holding AS, (iii) Nokomis Capital Master
Fund L.P., (iv) Strawberry Capital AS, and (v) Joh. Johannson Eiendom AS
(jointly, the "Investor Group").

As part of the Transaction, the following close associates of primary insiders
have transferred their shares in the Company as set out below:

- Strawberry Capital AS, a close associate of Kenneth Jarl Andersen, the
chairman of the board of directors in the Company, transferred their shares in
the Company to Coral Holding, a total of 10,909,091 shares, at NOK 0.10 per
share. After the transaction, Strawberry Capital AS holds 0 shares in Atlantic
Sapphire ASA.
- Nordlaks Holding AS, a close associate of Eirik Welde, member of the board of
directors in the Company, transferred their shares in the Company to Coral
Holding, a total of 32,727,273 shares, at NOK 0.10 per share. After the
transaction, Nordlaks Holding AS holds 0 shares in Atlantic Sapphire ASA.

Please refer to the attached notification forms for further information.

Contacts
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 and 5-12.

More information:
Access the news on Oslo Bors NewsWeb site

677159_260618 - PDMR notification form - Nordlaks Holding AS 2749-8306-7669.pdf
677159_260622 - PDMR notification form - Strawberry Capital AS 2774-6694-7605.pdf
677159_260622 - PDMR notification form - Nordlaks Holding AS 2749-8306-7669.pdf
677159_260618 - PDMR notification form - Strawberry Capital AS 2774-6694-7605.pdf