Atlantic Sapphire

Report Publication Announcement • Apr 20, 2023

Atlantic Sapphire ASA: Integrated Annual Report for 2022

Atlantic Sapphire ASA: Integrated Annual Report for 2022

Miami, FL, April 20, 2023

Please find the audited 2022 Annual Report for Atlantic Sapphire ASA (the “Company”) attached, integrated with the 2022 ESG Report, as approved by the Board of Directors of the Company today.

Such Integrated Annual Report will be made available at www.atlanticsapphire.com/investor-relations , also in the European Single Electronic Format (ESEF).

A recorded presentation of the highlights of the Integrated Annual Report for 2022 and an operational update for Q1 2023 is available here: https://bit.ly/3GZuKwp

The presentation is also attached and available on the Company’s webpage.

For further information, please contact:

Johan E. Andreassen

Chairman, Atlantic Sapphire ASA, and CEO, Atlantic Sapphire USA LLC;

Karl Øystein Øyehaug

Managing Director, Atlantic Sapphire ASA, and CFO, 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.