Atlantic Sapphire

AGM Information • Nov 13, 2019

Atlantic Sapphire AS: Extraordinary General Meeting Concluded - Changes to the Board of Directors

Atlantic Sapphire AS: Extraordinary General Meeting Concluded - Changes to the Board of Directors

Miami, November 12th, 2019

On November 12th, 2019, Atlantic Sapphire AS held an Extraordinary General Meeting (EGM) in the offices of Atlantic Sapphire AS, Miami, FL, USA.

The EGM elected Runar Vatne as a new director with term until the ordinary general meeting in 2020.

Please find enclosed minutes from the meeting in Norwegian and English.

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 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, and a targeted harvest volume in 2031 of 220,000 tons.