Atlantic Sapphire

Report Publication Announcement • Apr 18, 2024

Atlantic Sapphire ASA: Integrated Annual Report for 2023 and Q1 2024 Operational Update

Atlantic Sapphire ASA: Integrated Annual Report for 2023 and Q1 2024 Operational Update

Miami, FL, April 18, 2024

Please find the audited 2023 Annual Report for Atlantic Sapphire ASA (the “Company”) attached, integrated with the 2023 ESG Report, as approved by the Board of Directors of the Company today.

Such Integrated Annual Report will be made available at www.atlanticsapphire.com/investor-relations , where it will also be available in the European Single Electronic Format (ESEF).

Further, the Q1 2024 Operational Update presentation is also attached and will be made available on the Company’s webpage shortly.

As earlier announced, the Company invites investors and analysts to a webcast, during which the Operational Update will be presented by management, followed by a Q&A session. The webcast will take place today at 11:00 am ET / 17:00 CET. The presentation will be recorded.

Please use the following link to access the webcast: https://tinyurl.com/253s9a9z

All participants will be muted during the webcast. If you would like to ask a question during the Q&A session, please use the Q&A chat function.

For further information, please contact:

Johan E. Andreassen

CEO

or

Karl Øystein Øyehaug

CFO

investorrelations@atlanticsapphire.com

This information is subject to the disclosure requirements pursuant to the Norwegian Securities Trading Act section 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 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.