Atlantic Sapphire

AGM Information • Sep 20, 2023

Atlantic Sapphire ASA: Notice of Extraordinary General Meeting

Atlantic Sapphire ASA: Notice of Extraordinary General Meeting

Miami, FL, 20 September 2023

Reference is made to the stock exchange announcement by Atlantic Sapphire ASA (the "Company") on 19 September 2023 regarding a successfully placed private placement of new shares in the Company (the "Private Placement"). Completion of the Private Placement is subject to, among other things, approval by an extraordinary general meeting of the Company of the share capital increases relating to the Private Placement.

The Company's Board of Directors (the "Board") has also proposed that the extraordinary general meeting shall grant the Board an authorization to increase the share capital in connection with the contemplated subsequent offering and a new Board authorization to increase the share capital for general purposes.

The Board therefore calls for an extraordinary general meeting to be held digitally on 11 October 2023 at 14:00 CEST.

The notice with the full agenda is attached both in Norwegian and English and contains the following attachments: (1) The Board's proposal for resolution in item 4, 5 and 6, (2) The shareholders' rights, participation and proxy, (3) Registration and proxy form and (4) guidelines on digital attendance at the general meeting.

For further information, please contact:

Karl Øystein Øyehaug, CFO, Atlantic Sapphire ASA

investorrelations@atlanticsapphire.com

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 9,500 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 long-term targeted harvest volume of 220,000 tons.