Atlantic Sapphire

Share Issue/Capital Change • Sep 26, 2021

Atlantic Sapphire ASA: Share Capital Increase Registered

Atlantic Sapphire ASA: Share Capital Increase Registered

Miami, FL, September 26, 2021

Reference is made to the stock exchange notice on September 7, 2021 regarding an exercise of 35,000 share options by option holders in Atlantic Sapphire ASA and a corresponding resolution by the Board of Directors to issue new shares.

The share capital increase relating to the option exercise has now been registered with the Norwegian Register of Business Enterprises. The share capital has been increased with NOK 3,500 through issuance of 35,000 new shares, each with a par value of NOK 0.10. The new registered share capital is NOK 9,104,855.10 divided by 91,048,551 shares, each with a par value of NOK 0.10.

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 has secured the key US water permits to produce up to 90,000 tons onsite, and has a targeted harvest volume in 2031 of 220,000 tons.