Atlantic Sapphire

Regulatory Filings • Nov 28, 2018

First commercial batch of salmon eggs introduced in the Miami Bluehouse

First commercial batch of salmon eggs introduced in the Miami Bluehouse

Miami, FL, November 28th, 2018

Atlantic Sapphire AS announces that it has on November 28th, 2018 introduced 400,000 eggs into its BluehouseTM hatchery operation in Miami, Florida. An additional 400,000 eggs are scheduled for next week. These batches are the first commercial scale volumes of salmon eggs ever introduced in the state of Florida.

The introduction of 800,000 eggs in the newly constructed, Miami-based BluehouseTM hatchery marks an important milestone for the company and for the most environmentally sustainable salmon production method to serve the growing US market. Atlantic Sapphire remains on track to deliver its first harvest of 9,500 tons (HOG) annualized production from the US facility in mid-2020.

For further information, please contact:

Johan E. Andreassen

Chairman & CEO, Atlantic Sapphire AS;

or Karl Øystein Øyehaug

Finance Director, Atlantic Sapphire AS

+1 (786) 431 1404

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 spent over 7 years 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.