Atlantic Sapphire

Share Issue/Capital Change • Feb 4, 2021

Atlantic Sapphire ASA: Share Capital Increase Registered

Atlantic Sapphire ASA: Share Capital Increase Registered

Miami, FL, February 4, 2021

Reference is made to the stock exchange notice on January 29, 2021 regarding an exercise of 50,000 share options by an option holder 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 5,000 through issuance of 50,000 new shares, each with a par value of NOK 0.10. The new registered share capital is NOK 8,071,355.10 divided by 80,713,551 shares, each with a par value of NOK 0.10.

For further information, please contact:

Johan E. Andreassen

Chairman, Atlantic Sapphire ASA;

Karl Øystein Øyehaug

Managing Director & Interim CFO, 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.