Atlantic Sapphire

Report Publication Announcement • Nov 1, 2023

Atlantic Sapphire ASA: Q3 2023 Operational Update

Atlantic Sapphire ASA: Q3 2023 Operational Update

Miami, FL, November 1, 2023

Please find attached the Atlantic Sapphire ASA Q3 2023 Operational Update.

The presentation will also be made available at www.atlanticsapphire.com/investor-relations.

Atlantic Sapphire ASA invites all stakeholders to a webcast, during which the Company’s Q3 2023 Operational Update will be presented by management, followed by a Q&A session.

The webcast will take place today at 12:00 ET / 17:00 CET.

Please use the following link to access the webcast: https://tinyurl.com/5cw63dve

All participants will be on mute 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 has been operating its innovation center in Denmark since 2011 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 has identified and obtained the requisite permits to construct its Bluehouse® in the ideal location in Homestead, Florida, just south of Miami. The Company has completed Phase 1 construction, 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.