Atlantic Sapphire

Board/Management Information • Dec 17, 2020

Atlantic Sapphire ASA: New members of the Executive Management team

Atlantic Sapphire ASA: New members of the Executive Management team

Miami, December 17, 2020

Atlantic Sapphire ASA (“the Company”) announces that Cristina Espejo and Danielle Villoch have been promoted internally to the Executive Management team of the Company.

Ms. Espejo has been promoted to Chief People Officer. Prior to joining the Company as Head of Talent in 2019, she held senior executive roles in DNV GL and in Cosentino. Ms. Espejo is an accomplished executive and board member with more than 15 years of experience across a broad array of industries such as food & beverage, engineering, services, climate change, retail and distribution, maritime, oil and gas, and infrastructure.

Ms. Villoch has been promoted to Chief Legal Officer. Prior to joining Atlantic Sapphire as Head of Legal in 2020, Ms. Villoch was a senior associate in the Projects and Infrastructure, Latin America, Capital Markets and Global Finance Practice Groups at Gibson, Dunn & Crutcher LLP in New York. While at Gibson Dunn, Ms. Villoch focused on infrastructure projects and various types of debt financing, with substantial experience in public-private partnerships, project bonds, Rule 144a/Reg S offerings and liability management transactions, in the U.S. and in Latin America.

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.