Atlantic Sapphire

Major Shareholding Notification • Apr 12, 2023

Disclosure of significant shareholding in Atlantic Sapphire ASA

Disclosure of significant shareholding in Atlantic Sapphire ASA

This disclosure is made pursuant to Chapter 4, Section 4-1 of the Norwegian

Securities Trading Act.

On 11 April 2023, the Pelham Long/Short Small Cap Master Fund Ltd has

increased its long position in Atlantic Sapphire ASA (NO0010768500), which was

previously disclosed on 29th December 2022 of 14,035,908 shares representing

9.16% of the shares outstanding and voting rights of Atlantic Sapphire ASA, using

the denominator of 153,266,400 shares.

The Pelham Long/Short Small Cap Master Fund Ltd now has a shareholding in

Atlantic Sapphire ASA of 17,233,958 which represents 11.24% of the shares

outstanding and voting rights of Atlantic Sapphire ASA, using the denominator

of 153,266,400 shares.

The shares are owned by the Pelham Long/Short Small Cap Master Fund Ltd

which is a collective undertaking controlled by the Investment Manager, Pelham

Capital Ltd.

Pelham Capital Ltd has discretionary authority for the management of another

collective undertaking which holds 1,954,344 shares. In aggregate Pelham

Capital Ltd exercises control over 19,188,302 shares which represent 12.51% of

the shares outstanding and voting rights of Atlantic Sapphire ASA