Atlantic Sapphire

Major Shareholding Notification • Apr 17, 2023

Disclosure of significant shareholding in Atlantic Sapphire ASA

Disclosure of significant shareholding in Atlantic Sapphire ASA

This disclosure is made pursuant to Chapter 4, Section 4-1 of the Norwegian Securities Trading Act, and the stock exchange notices from Atlantic Sapphire ASA regarding a private placement of new shares and the decision by the Company's extraordinary general meeting held on 11 April 2023 to approve the share capital increases in connection with the Private Placement.

On 11 April 2023, the Pelham Long/Short Small Cap Master Fund Ltd was allocated 9,217,195 new shares of Atlantic Sapphire ASA in the private placement, and it now has an aggregate holding of 26,451,153 shares which represents 9.71% of the shares outstanding and voting rights of Atlantic Sapphire ASA, using the denominator of 27,266,409 shares.

The shares are owned by the Pelham Long/Short Small Cap Master Fund Ltd which is a collective undertaking controlled by the Investment Manager, Pelham Capital Ltd.

Pelham Capital Ltd has discretionary authority for the management of another collective undertaking which holds 1,954,344 shares. In aggregate Pelham Capital Ltd exercises control over 28,405,497 shares which represent 10.43% of the shares outstanding and voting rights of Atlantic Sapphire ASA.

If you have any questions with respect to this notification, please contact Fergus Lee, Compliance Officer of Pelham Capital Ltd via email at flee@pelhamcapital.com