Atlantic Sapphire

Director's Dealing • Apr 15, 2021

Atlantic Sapphire ASA: Primary Insider Notification

Atlantic Sapphire ASA: Primary Insider Notification

Miami, FL, April 15, 2021

Karl Øystein Øyehaug, Chief Financing Officer & Managing Director and primary insider in Atlantic Sapphire ASA, has today acquired 2,700 shares in Atlantic Sapphire ASA at an average price of NOK 95.2 per share. Following the transaction, Mr. Øyehaug holds 12 105 shares in the Company, corresponding to 0.0% of the total shares outstanding and 28,861 options in the Company.

Tone Bjørnov, Board member and primary insider in Atlantic Sapphire ASA, has today acquired 2,500 shares in Atlantic Sapphire ASA at an average price of NOK 95.0 per share. Following the transaction, Ms. Bjornov holds 6,250 shares in the Company, corresponding to 0.0% of the total shares outstanding in the Company.

Damien Claire, Chief Sales & Marketing Officer and primary insider in Atlantic Sapphire ASA, has today acquired 1,600 shares in Atlantic Sapphire ASA at an average price of USD 11.44 per share. Following the transaction, Mr. Claire holds 177,470 shares in the Company, corresponding to 0.2% of the total shares outstanding and 108,644 options in the Company.

For further information, please contact:

Johan E. Andreassen

Chairman, Atlantic Sapphire ASA;

Karl Øystein Øyehaug

Chief Financing Officer & Managing Director, Atlantic Sapphire ASA

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 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 since 2010 worked to identify and permit the ideal location for Bluehouse® farming in Miami, Florida. The Company is close to completion of its phase 1 build out which is projected to harvest approximately 10,000 tons of salmon annually and performed its first commercial harvest in the US in September 2020. The Company 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.