Atlantic Sapphire

Major Shareholding Notification • Mar 1, 2024

1 Details of the person discharging managerial responsibilities/person closely associated a) Name ASInvest AS 2 Reason for the notification a) Position/status Close associate of Board member André Skarbø b) Initial notification/ Amendment Initial notification 3 Details of the issuer a) Name Atlantic Sapphire ASA b) LEI 2138007BY85FI48VX666 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument Identification code Shares of Atlantic Sapphire ASA ISIN: NO 001 0768500 b) Nature of the transaction Subscription of shares in a private placement, divided into two tranches whereof the second tranche is subject to approval by a general meeting of Atlantic Sapphire ASA. This notice concerns the full allocation in the private placement, as the Company has secured voting undertakings for more than 2/3 of the shares in favour of the share capital increase pertaining to the second tranche. c) Price(s) and volume(s) Price(s) Volume(s) 1.20 3,878,204 d) Aggregated information - Aggregated volume - Price A total of 3,878,204 new shares subscribed at a price per share of NOK 1.20, corresponding to a total subscription amount of NOK 4,653,844.80 e) Date of the transaction 29 February 2024 f) Place of the transaction Outside of trading venue MIC: XOFF

Notification and public disclosure of transactions by Primary Insiders and their Close Associates