Atlantic Sapphire

Director's Dealing • May 16, 2024

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

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Svein Taklo
2	Reason for the notification
a)	Position/status	Chief Development & Infrastructure Officer
b)	Initial notification/	Initial notification
	Amendment
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	Options for shares in Atlantic Sapphire ASA
	instrument, type of instrument
	Identification code	ISIN: NO 001 0768500
b)	Nature of the transaction	Grant of share options
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1.15	300,000
d)	Aggregated information	Grant of a total of 300,000 share options, each at a strike price of
		NOK 1.15. Four-year vesting period with 25% vesting each year. All options expire on 16 May 2029. Each option gives the holder
	- Aggregated volume
	- Price	the right upon exercise to purchase one new share in the
		Company.
e)	Date of the transaction	16 May 2024
f)	Place of the transaction	Outside of trading venue
		MIC: XOFF