Atlantic Sapphire

Share Issue/Capital Change • Jun 28, 2022

Atlantic Sapphire ASA: Key Information Relating To A Potential Subsequent Offering

Atlantic Sapphire ASA: Key Information Relating To A Potential Subsequent Offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Miami, FL, 28 June 2022

Reference is made to the stock exchange announcement published by Atlantic Sapphire ASA (the "Company") on 28 June 2022 regarding a successfully placed private placement of new shares in the Company (the "Private Placement") as well as a potential subsequent offering of up to 9,000,000 new shares at a subscription price of NOK 20.50 per share, equal to the subscription price in the Private Placement (the "Subsequent Offering").

Date on which the terms of the Subsequent Offering was announced: 28 June 2022

Last day including right: 28 June 2022

First day excluding right: 29 June 2022

Record date: 30 June 2022

Date of approval: On or about 20 July 2022

Maximum number of new shares: 9,000,000

Subscription price: NOK 20.50

Other information: Completion of the Subsequent Offering is subject to, among other things, completion of the Private Placement, approval by the EGM of a board authorization to increase the Company’s share capital in connection with issuance of shares in a Subsequent Offering, the market price of the Company's shares and approval of an EEA prospectus (the "Prospectus") by the Financial Supervisory Authority of Norway, and publication of such Prospectus.

A further description of the Subsequent Offering and the terms and other circumstances that must be taken into consideration when subscribing for shares will be included in the Prospectus. The Company reserves the right at its sole discretion to not conduct or to cancel the Subsequent Offering.

This information is published in accordance with the requirements of the Continuing Obligations.