Atlantic Sapphire

Share Issue/Capital Change • May 30, 2024

Atlantic Sapphire ASA: Ex-Date for Reverse Share Split and Change of ISIN Today

Atlantic Sapphire ASA: Ex-Date for Reverse Share Split and Change of ISIN Today

Miami, FL, 30 May 2024

Reference is made to the stock exchange announcements made by Atlantic Sapphire ASA ("Atlantic Sapphire" or the "Company") on 3 May and 28 May 2024 regarding, respectively, the reverse share split (key information) and the change of the Company's ISIN.

Key information for the reverse share split is set out in the stock exchange announcement from 3 May 2024, including today's date as the Ex-date for the reverse share split (10 old shares now constitute 1 new share). The shares in Atlantic Sapphire will be traded with the new ISIN from today 30 May 2024.

Issue name: Atlantic Sapphire ASA

Type of corporate action: reverse share split

Reverse share split ratio: ten (10) old shares will give one (1) new share

Ex-date: 30 May 2024

New ISIN after split: NO 001 3249896

For further information, please contact:

Johan E. Andreassen, CEO;

or

Karl Øystein Øyehaug, CFO

investorrelations@atlanticsapphire.com

This information is published in accordance with the requirements of the Continuing Obligations.

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 approximately 10,000 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.