Atlantic Sapphire

Investor Presentation • May 4, 2020

Atlantic Sapphire AS: May 2020 Investor Update

Atlantic Sapphire AS: May 2020 Investor Update

Miami, FL, May 4th, 2020

Please find an investor update for Atlantic Sapphire AS attached, dated May 4th, 2020, that has been created in connection with the expected listing on the Oslo Stock Exchange on May 5th, 2020.

This document will also be made available on www.atlanticsapphire.com

For further information, please contact:

Johan E. Andreassen

Chairman, Atlantic Sapphire AS;

or Karl Øystein Øyehaug

Finance Director, Atlantic Sapphire AS

investorrelations@atlanticsapphire.com

About Atlantic Sapphire AS

Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming, locally, and transforming protein production, globally. Atlantic Sapphire has been operating its innovation center in Langsand, Denmark since 2011 with a strong focus on R&D and innovation to equip the Company with technology and procedures to enable it to commercially scale up production in end markets closer to consumers.

In the US, the Company identified Homestead, Florida as the ideal location for its Bluehouse® farming in Miami, Florida. The Company is close to completion of its Phase I 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 annually.