Atlantic Sapphire

Prospectus • Oct 25, 2021

Atlantic Sapphire ASA: Approval and Publication of Prospectus

Atlantic Sapphire ASA: Approval and Publication of Prospectus

Miami, FL, October 24, 2021

Reference is made to the stock exchange announcement on June 4, 2021 from Atlantic Sapphire ASA (the "Company") regarding the completion of a NOK 1,016 million private placement (the "Private Placement") through issuance of 10,300,000 new shares (the "New Shares") in the Company. Delivery of the New Shares to applicants in the Private Placement was settled through a share lending arrangement entered with certain existing shareholders of the Company and DNB Markets, a part of DNB Bank ASA. Following this, the New Shares have been held by the share lenders on a separate ISIN pending approval of a listing prospectus.

The Financial Supervisory of Norway has on October 22, 2021 approved the prospectus in relation to the listing of the New Shares. The New Shares will consequently be transferred to the ordinary ISIN of the Company and become tradable on Oslo Børs.

The prospectus has been published today and is available at https://atlanticsapphire.com/investor-relations/. Hard copies of the prospectus may be obtained by contacting the Company.

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.