Atlantic Sapphire

Share Issue/Capital Change • Jan 22, 2025

Atlantic Sapphire ASA: Registration of reverse share split

Atlantic Sapphire ASA: Registration of reverse share split

Reference is made to the resolution by the general meeting of Atlantic Sapphire ASA (the "Company") on 20 December 2024 regarding a reverse share split in the ratio of 200:1, and the key information notice regarding the reverse split published on 20 January 2025.

The reverse split of the shares has today been registered with the Norwegian Register of Business Enterprises. Following such registration, the share capital of the Company is NOK 358,540,450.00 divided by 35,854,045 shares, each with a par value of NOK 10.00.

For further information, please contact:

Gunnar Aasbø-Skinderhaug, Atlantic Sapphire ASA, Deputy CEO/ CFO

Gunnar@atlanticsapphire.com

Investorrelations@atlanticsapphire.com

About Atlantic Sapphire ASA:

Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming, locally, and transforming protein production, globally. Atlantic Sapphire operated its innovation center in Denmark from 2011 until 2021 with a strong focus on R&D and innovation to equip the Company with the technology and procedures that enable the Company to commercially scale up production in end markets close to the consumer. 

In the US, the Company holds the requisite permits and patents to construct its Bluehouse® in an ideal location in Homestead, Florida, just south of Miami. The Company's Phase 1 facility is in operation, which provides the capacity to harvest up to approximately 9,500 tons (HOG) of salmon annually. The Company completed its first commercial harvest in the US in September 2020. Atlantic Sapphire is currently constructing its Phase 2 expansion, which will bring total annual production capacity to 25,000 tons and has a long-term targeted harvest volume of 220,000 tons.

This information is published in accordance with the requirements of the Continuing Obligations for companies listed on Euronext Oslo Børs and Section 5-12 of the Norwegian Securities Trading Act.