Atlantic Sapphire

Report Publication Announcement • Jun 12, 2020

Atlantic Sapphire ASA: Publication of First Annual Sustainability Report

Atlantic Sapphire ASA: Publication of First Annual Sustainability Report

Miami, FL, June 12th, 2020

Atlantic Sapphire ASA has today published its first annual sustainability report for the year 2019 (“2019 ESG Report”).

The 2019 ESG Report addresses environmental, social and governance risks and opportunities for Atlantic Sapphire ASA, and why sustainability matters to the Company.

Johan E. Andreassen, Chairman of Atlantic Sapphire ASA, commented: “This report is prepared in accordance with the Global Reporting Initiative Standards (Core Option) to help ensure that our performance is presented in a comprehensive manner, here and in subsequent reports. As the Miami Bluehouse nears construction completion, and the company becomes fully operational, data collection will increase to support additional disclosure.”

The 2019 ESG Report is attached to this announcement and also available on Atlantic Sapphire’s webpage: www.atlanticsapphire.com

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.