Atlantic Sapphire — Director's Dealing 2020

Mar 10, 2020

Atlantic Sapphire AS - Correction: Primary Insider Notification

Atlantic Sapphire AS - Correction: Primary Insider Notification

Miami, FL, March 10th, 2020

Correction to announcement sent out today at 15:28 CET: Following his acquisition today, Andre Skarbø holds a total of 712 479 shares, corresponding to 1.0% of the outstanding shares and votes.

Corrected announcement:

Runar Vatne, board member and primary insider, has today acquired 350,000 shares in Atlantic Sapphire AS at an average price per share of NOK 92.00 through Vatne Equity AS.

Following the transaction, Runar Vatne through his companies holds a total of 4,050,000 shares in Atlantic Sapphire AS, corresponding to 5.7% of the outstanding shares and votes.

Further, Andre Skarbø, board member and primary insider, has today acquired 21,000 shares in Atlantic Sapphire AS at an average price per share of NOK 95.49 through ASInvest AS.

Following the transaction, Andre Skarbø through his companies holds a total of 712 479 shares in Atlantic Sapphire AS, corresponding to 1.0% of the outstanding shares and votes.

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.