Atlantic Sapphire

Director's Dealing • Apr 22, 2021

Atlantic Sapphire ASA: Primary Insider Notification

Atlantic Sapphire ASA: Primary Insider Notification

Miami, FL, April 22, 2021

Johan E. Andreassen, Chairman of the Board, and Bjørn-Vegard Løvik, Interim COO, have today acquired 20,000 shares in Atlantic Sapphire ASA through Alsco AS (a company jointly owned by Johan E. Andreassen and Bjørn-Vegard Løvik) at an average price of NOK 77.0. Following the transaction, Alsco AS holds 9,719,540 shares in the Company, corresponding to 12.0% of the outstanding shares. In addition, Johan E. Andreassen personally holds 1,073,770 shares in the Company and 111,188 share options.

Andre Skarbø, board member, has today acquired 20,000 shares in Atlantic Sapphire ASA at an average price of NOK 77.0. Following the transaction Andre Skarbø and related parties hold 821,206 shares in the Company, corresponding to 1.0% of the outstanding shares.

Further, Tone Bjørnov, board member and primary insider in Atlantic Sapphire ASA, has today acquired 1,400 shares in Atlantic Sapphire ASA at an average price of NOK 79.8 per share. Following the transaction, Ms. Bjørnov holds 7,650 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 ASA;

Karl Øystein Øyehaug

Chief Financing Officer & Managing Director, Atlantic Sapphire ASA

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 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 since 2010 worked to identify and permit the ideal location for Bluehouse® farming in Miami, Florida. The Company is close to completion of its phase 1 build out which is projected to harvest approximately 10,000 tons of salmon annually and performed its first commercial harvest in the US in September 2020. The Company has secured the key US water permits to produce up to 90,000 tons onsite, and has a targeted harvest volume in 2031 of 220,000 tons.