Atlantic Sapphire

Director's Dealing • Mar 2, 2020

Atlantic Sapphire AS – Primary Insider Notification

Atlantic Sapphire AS – Primary Insider Notification

Miami, FL, March 2nd, 2020

The following board members and primary insiders have on March 2nd, 2020, bought shares in Atlantic Sapphire AS:

- Johan E Andreassen, CEO and Chairman, has acquired 15,000 shares through JEA Invest AS at an average price of NOK 91.98 per share. Following this transaction, Johan E Andreassen through JEA Invest AS holds 1,072,270 shares, corresponding to 1.5% of the total shares outstanding in the Company. In addition, Johan E Andreassen through Alsco AS, a company owned together with Bjørn Vegard Løvik, holds 9,459,849 shares in the Company, corresponding to 13.3% of the total shares outstanding in the Company.

- Alexander Reus, board member, has acquired 100,000 shares at an average price of NOK 91.03. Following the transaction, Alexander Reus holds 1,423,351 shares in the Company, corresponding to 2.0% of the total shares outstanding in the Company.

- Karl Øystein Øyehaug, Finance Director, has acquired 3,200 shares at an average price of NOK 90.73. Following the transaction, he holds 8,605 shares in the Company, corresponding to 0.0% of the total shares outstanding in the Company.

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 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.