Atlantic Sapphire

Report Publication Announcement • May 23, 2023

Atlantic Sapphire ASA: Annual General Meeting Concluded

Atlantic Sapphire ASA: Annual General Meeting Concluded

Miami, FL, May 23, 2023

On May 23, 2023, Atlantic Sapphire ASA held its annual general meeting digitally. All items proposed on the agenda were adopted.

Please find enclosed the minutes from the meeting in Norwegian and English.

For further information, please contact:

Johan E. Andreassen

CEO, Atlantic Sapphire USA LLC;

Karl Øystein Øyehaug

Chief Financial Officer, Atlantic Sapphire USA LLC

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 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.