Atlantic Sapphire

Proxy Solicitation & Information Statement • May 22, 2023

Atlantic Sapphire ASA: Disclosure of Voting Proxies

Atlantic Sapphire ASA: Disclosure of Voting Proxies

Miami, FL, 22 May 2023

Reference is made to the notice from Atlantic Sapphire ASA (the "Company") for the annual general meeting to be held on 23 May 2023 (the "AGM").

Johan Andreassen, Chairman of the board of the Company, has received proxies to vote for 33,751,968 shares in the Company at the AGM, corresponding to 12.4% of the outstanding shares and votes.

The voting proxies lapse automatically after the AGM has been held.

This notification is made with reference to section 4-3 of the Norwegian Securities Trading Act and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Johan E. Andreassen

Chairman, Atlantic Sapphire ASA, and CEO, Atlantic Sapphire USA LLC;

Karl Øystein Øyehaug

Managing Director, Atlantic Sapphire ASA, and Chief Financial Officer, Atlantic Sapphire USA LLC

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 the 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 identified and obtained the requisite permits to construct its Bluehouse® in the ideal location in Homestead, Florida, just south of Miami. The Company has completed Phase 1 construction, which provides the capacity to harvest approximately 10,000 tons (HOG) of salmon annually. The Company completed its first commercial harvest in the US in September 2020. Atlantic Sapphire is currently constructing its Phase 2 expansion, which will bring total annual production capacity to 25,000 tons, and has a long-term targeted harvest volume of 220,000 tons.