Atlantic Sapphire

Director's Dealing • Jul 29, 2020

Atlantic Sapphire ASA: Primary Insider Notification

Atlantic Sapphire ASA: Primary Insider Notification

Miami, FL, July 29th, 2020

Johan E. Andreassen, Chairman and primary insider in Atlantic Sapphire ASA, has on July 29th, 2020 acquired 1,500 shares in Atlantic Sapphire ASA through JEA Invest AS, a company controlled by Mr. Andreassen, at an average price per share of NOK 113.0.

Following this transaction, Johan E Andreassen through JEA Invest AS holds 1,073,770 shares and 111,188 options in Atlantic Sapphire ASA, corresponding to 1.5% of the total shares outstanding in the Company. In addition, Johan E Andreassen through Alsco AS, a company owned together with Bjørn Vegard Løvik, holds 9,459,849 shares in the Company, corresponding to 13.3% of the total shares outstanding in the Company.

For further information, please contact:

Johan E. Andreassen

Chairman, Atlantic Sapphire ASA;

or Karl Øystein Øyehaug

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 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.