Atlantic Sapphire

Board/Management Information • Oct 23, 2019

Atlantic Sapphire AS: Changes to the Board of Directors

Atlantic Sapphire AS: Changes to the Board of Directors

Atlantic Sapphire AS announces that Johan Henrik Krefting, who previously represented Vatne Equity AS on the Board of Directors since 25 September 2017, and has been an independent board member since 20 June 2019, has taken a new employment position that prevents him from serving further as a company board member. Krefting has therefore informed the company that he will resign as a board member effective today, 23 October 2019. The board will launch the process of identifying a suitable candidate to succeed Mr. Krefting as a board member.

Johan Andreassen, Chairman and CEO of Atlantic Sapphire AS, said “On behalf of the board, we appreciate the commitment, performance and value that Henrik Krefting brought as an Atlantic Sapphire board member during a period of considerable company development. We wish him all the best in the future”.

For further information, please contact:

Johan E. Andreassen

CEO & Chairman, Atlantic Sapphire AS;

or Karl Øystein Øyehaug

Finance Director, Atlantic Sapphire AS

investorrelations@atlanticsapphire.com

About Atlantic Sapphire AS

Atlantic Sapphire is pioneering BluehouseTM (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 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 BluehouseTM farming in Miami, Florida. The company is well underway with construction 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, annually.