Atlantic Sapphire

Share Issue/Capital Change • Oct 21, 2024

Atlantic Sapphire ASA: New share capital registered

Atlantic Sapphire ASA: New share capital registered

Reference is made to the stock exchange announcement on 16 October 2024 from Atlantic Sapphire ASA ("Atlantic Sapphire" or the "Company", and together with its consolidated subsidiaries, the "Group"), regarding the resolution of the Company's Board of Directors to increase the share capital with NOK 32,085,000.30 through issuance of 641,700,006 new shares (the "Fee Shares") to the underwriters of the rights issue carried out by the Company to raise gross proceeds of up to the NOK-equivalent of USD 64 million.

The share capital increase relating to the issuance of the Fee Shares has now been registered with the Norwegian Register of Business Enterprises. The share capital has been increased with NOK 32,085,000.30 through the issuance of 641,700,006 Fee Shares.

The new share capital of the Company is NOK 358,540,422.45 divided by 7,170,808,449 shares, each with a par value of NOK 0.05.

For further information, please contact:

Gunnar Aasbø-Skinderhaug, Atlantic Sapphire ASA, Deputy CEO/ CFO

Gunnar@atlanticsapphire.com

Investorrelations@atlanticsapphire.com

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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.