Atlantic Sapphire

Director's Dealing • May 12, 2023

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	Valerie Leath
2	Reason for the notification
a)	Position/status	Director of HR
b)	Initial notification/	Initial
	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 instrument, type of instrument Identification code	ISIN: NO 001 0768500
b)	Nature of the transaction	Grant of share options
c)	Price(s) and volume(s)
		Price(s) (NOK)	Volume(s)
		5.0	75 000
d)	Aggregated information	Grant of a total of 75,000 share options at a strike price of NOK 5.
	- Aggregated volume	Four-year vesting period with 25% vesting each year. All options expire on 12 May 2028. Each option gives the holder the right upon
	- Price	exercise to purchase one new share in the Company.
e)	Date of the transaction	12 May 2023
f)	Place of the transaction	Outside of trading platform