Atlantic Sapphire

Director's Dealing • Jul 17, 2020

Atlantic Sapphire ASA: Primary Insider Notification

Atlantic Sapphire ASA: Primary Insider Notification

Miami, FL, July 17th, 2020

Peter Skou, deputy board member in Atlantic Sapphire ASA, has on July 17th, 2020 sold 180,000 shares in Atlantic Sapphire ASA through Okpas Invest ApS, a company controlled by Peter Skou, at an average price per share of NOK 120.0. The proceeds from the transaction will be used to pay taxes on unrealized capital gains, as required by Danish tax rules.

Following the transaction, Peter Skou controls a total of 667,559 shares in Atlantic Sapphire ASA, corresponding to 0.9% of the outstanding shares and votes.

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 BluehouseR (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 BluehouseR 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.