Atlantic Sapphire

Board/Management Information • Sep 9, 2020

Atlantic Sapphire ASA: Changes to Executive Management

Atlantic Sapphire ASA: Changes to Executive Management

Miami, FL, September 9th, 2020

Damien Claire has been appointed Chief Sales and Marketing Officer ("CSMO"). Previously, Mr. Claire has been the CEO of Platina Seafood, Inc, a company that until September 2020 was the main sales channel of Atlantic Sapphire ASA.

Following the step-down of Jose Prado from his position as CFO, Karl Ø. Øyehaug is appointed as Interim CFO of the Company. Mr. Øyehaug also holds the position as Managing Director of Atlantic Sapphire ASA.

For further information, please contact:

Johan E. Andreassen

Chairman, Atlantic Sapphire ASA;

or 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, beginning in Q3, 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.