Atlantic Sapphire

Director's Dealing • Aug 27, 2021

Atlantic Sapphire ASA: Primary Insider Notification

Atlantic Sapphire ASA: Primary Insider Notification

Miami, FL, August 27, 2021

Johan E. Andreassen, Chairman of the Board, and Bjørn-Vegard Løvik, Interim COO, have today acquired 80,000 shares in Atlantic Sapphire ASA through Alsco AS (a company jointly owned by Johan E. Andreassen and Bjørn-Vegard Løvik) at an average price of NOK 49.76 per share. Following the transaction, Alsco AS holds 9,839,540 shares in the Company, corresponding to 10.8% of the outstanding shares. In addition, Johan E. Andreassen personally holds 1,073,770 shares in the Company and 111,188 share options.

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.