Atlantic Sapphire

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

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Karl Øystein Øyehaug
2	Reason for the notification
a)	Position/status	CFO
b)	Initial notification/	Initial notification
	Amendment
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	Shares of Atlantic Sapphire ASA
	instrument, type of instrument
	Identification code	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	83,333
d)	Aggregated information
	- Aggregated volume	A total of 83,333 new shares subscribed at a price per share of
		NOK 1.20, corresponding to a total subscription amount of NOK
	- Price	99,999.60.
e)	Date of the transaction	29 February 2024
f)	Place of the transaction	Outside of trading venue
		MIC: XOFF