Atlantic Sapphire

Report Publication Announcement • Apr 9, 2024

Atlantic Sapphire ASA: Q1 2024 Trading Update and Invitation to Presentation of Q1 2024 Operational Update

Atlantic Sapphire ASA: Q1 2024 Trading Update and Invitation to Presentation of Q1 2024 Operational Update

Miami, FL, April 9, 2024

Atlantic Sapphire ASA (together with its subsidiaries, the “Company”) harvested a total volume of approximately 1,150t HOG in the three months ended March 31, 2024, while the net biomass gain for the same period was approximately 1,200t RLW.

The Q1 2024 Operational Update for Atlantic Sapphire ASA (the “Operational Update”) and the Integrated Annual and ESG Report for 2023 will be published on Thursday April 18, 2024 at approximately 10:30 am ET / 16:30 CET.

Atlantic Sapphire ASA 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 on Thursday April 18, 2024 at 11:00 am ET / 17:00 CET.

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.