Atlantic Sapphire

Pre-Annual General Meeting Information • Jun 29, 2022

Atlantic Sapphire ASA: Notice of Extraordinary General Meeting

Atlantic Sapphire ASA: Notice of Extraordinary General Meeting

Miami, FL, June 29, 2022

Reference is made to the stock exchange announcement published by Atlantic Sapphire ASA (the "Company") on June 28, 2022 regarding a successfully placed private placement of new shares in the Company (the "Private Placement"). An extraordinary general meeting will be held digitally on July 20, 2022 at 06:00 EST / 12:00 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 and 5, (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:

Johan E. Andreassen

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

Karl Øystein Øyehaug

Managing Director, Atlantic Sapphire ASA, and Chief Financing 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 targeted harvest volume in 2031 of 220,000 tons.