Atlantic Sapphire

Board/Management Information • Nov 23, 2020

Atlantic Sapphire ASA: Changes to deputy board member position

Atlantic Sapphire ASA: Changes to deputy board member position

Miami, FL, November 23rd, 2020

Peter Skou has resigned from his position as deputy board member in Atlantic Sapphire ASA for personal reasons. The resignation will be effective immediately. The Nomination committee of the Company does not intend to replace Mr. Skou with a new deputy board member before the ordinary general meeting in 2021.

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 enables 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 also 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.