Atlantic Sapphire — Capital/Financing Update 2018

May 15, 2018

ATLANTIC SAPPHIRE AS - ADMISSION DOCUMENT

ATLANTIC SAPPHIRE AS - ADMISSION DOCUMENT

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

ATLANTIC SAPPHIRE AS - ADMISSION DOCUMENT

15 May 2018

Atlantic Sapphire AS (the "Company") has prepared the enclosed Admission Document, dated 14 May 2018, in order to provide information about the Company and its shares in connection with the admission to trading on Merkur Market (the "Admission"). Trading is expected to commence today under the ticker symbol "ASA-ME".

Arctic Securities AS, DNB Markets, a part of DNB Bank ASA and Pareto Securities AS have acted as Merkur Advisors to the Company in connection with the Admission. Advokatfirmaet CLP DA has acted as legal advisor to the Company and Advokatfirmaet Thommessen AS has acted as legal advisor to the Merkur Advisors in connection with the Admission.

For further information, please contact:

Johan E. Andreassen

Chairman, Atlantic Sapphire AS

E-mail: johan@atlanticsapphire.com

Cell Phone: +1 (786) 340-3455

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 Bluehouse farming in Miami, Florida. The company is well underway with construction of its phase 1 build out which will enable approximately 10,000 tons of salmon production annually. The company has also secured the key water permits to produce up to 90,000 tons onsite, annually.