Atlantic Sapphire — Director's Dealing 2024

Oct 7, 2024

1 Details of the person discharging managerial responsibilities/person closely associated a) Name Condire Management L.P. 2 Reason for the notification a) Position/status Close associate of Board observer Ryan Schedler b) Initial notification/ Amendment Initial notification 3 Details of the issuer a) Name Atlantic Sapphire ASA b) LEI 2138007BY85FI48VX666 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument Identification code Warrants in Atlantic Sapphire ASA. Each warrant gives the holder the right to require issuance of one (1) new share in Atlantic Sapphire ASA at a subscription price varying between NOK 0.115 to NOK 0.13 (or as subsequently adjusted) depending on when the warrants are exercised. ISIN NO 0013340802. b) Nature of the transaction Subscription of warrants in connection in connection with the subscription of Offer Shares pursuant to the underwriting obligation, for the underwriting obligation in the Rights Issue and lending in the convertible loan resolved to be issued by the Company. The warrants have been granted free of charge. c) Price(s) and volume(s) Price(s) Volume(s) Zero 52,345,894 Zero 802,125,000 Zero 1,069,500,000 d) Aggregated information - Aggregated volume - Price - 52,345,894 warrants have been subscribed for Offer Shares pursuant to the underwriting obligation; - 802,125,000 warrants have been subscribed for the underwriting obligation in the Rights Issue; and - 1,069,500,000 warrants have been subscribed for lending in the convertible loan resolved to be issued by the Company. A total of 1,923,970,894 warrants subscribed, with no price payable. e) Date of the transaction 7 October 2024 f) Place of the transaction Outside of trading venue

Notification and public disclosure of transactions by Primary Insiders and their Close Associates