Atlantic Sapphire

AGM Information • Aug 3, 2022

Atlantic Sapphire ASA: Extraordinary General Meeting Concluded

Atlantic Sapphire ASA: Extraordinary General Meeting Concluded

Miami, FL, August 3, 2022

On August 3, 2022, Atlantic Sapphire ASA held its extraordinary general meeting digitally. All items proposed on the agenda were adopted. In accordance with the recommendation of the nomination committee, Mr. Kenneth Andersen, CEO of Strawberry Equities AS, has been elected as member of the Board of Directors.

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

For further information, please contact:

Johan E. Andreassen

Chairman, Atlantic Sapphire ASA, and CEO, Atlantic Sapphire USA LLC;

Karl Øystein Øyehaug

Managing Director, Atlantic Sapphire ASA, and Chief Financing Officer, Atlantic Sapphire USA LLC

investorrelations@atlanticsapphire.com

About Atlantic Sapphire ASA

Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming, locally, and transforming protein production, globally. Atlantic Sapphire has been operating its innovation center in Denmark since 2011 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 has identified and obtained the requisite permits to construct its Bluehouse® in the ideal location in Homestead, Florida, just south of Miami. The Company has completed Phase 1 construction, which provides the capacity to harvest approximately 10,000 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 targeted harvest volume in 2031 of 220,000 tons.