Atlantic Sapphire

Report Publication Announcement • Mar 7, 2022

Atlantic Sapphire ASA: Monthly Update for February 2022

Atlantic Sapphire ASA: Monthly Update for February 2022

Miami, FL, March 7, 2022

Atlantic Sapphire ASA (the “Company” or “Atlantic Sapphire”) announces its Monthly Update for February 2022. The Monthly Update includes details on biological performance, standing biomass, harvest volume, the development of the New Batches, price achievement and Phase 2 construction capex.

Further, Atlantic Sapphire announces that Mr. Jon-Birger Løvik today has been appointed Chief Operating Officer (COO), reporting directly to the CEO. The Monthly Update includes an introduction to Mr. Løvik.

Atlantic Sapphire invites investors and analysts to a webcast, during which the Monthly Update for February 2022 will be presented by management, followed by a Q&A session.

The webcast will take place today at 11:00 am ET / 17:00 CET.

Please use the following link to access the video conference call: https://bit.ly/3vvIUAq

All participants will be on mute during the webcast. If you would like to ask a question during the Q&A session, please use the Q&A chat function.

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.