Atlantic Sapphire

Report Publication Announcement • Nov 15, 2018

November 15th Update

November 15th Update

Miami, FL, November 14th 2018

Please find an investor update for Atlantic Sapphire AS attached, dated 15th November 2018.

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

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 has 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.