Atlantic Sapphire

Related Party Transaction • Jan 31, 2025

Atlantic Sapphire ASA: Entered into an agreement to rent out the Danish facility with a purchase option

Atlantic Sapphire ASA: Entered into an agreement to rent out the Danish facility with a purchase option

Atlantic sapphire has entered into a short-term lease agreement with Maiken Foods AS to rent out Atlantic Sapphire’s Danish facility to facilitate a pilot for Maiken Foods’ fish farming solution. During the lease period, Maiken Foods has a purchase option for the Danish entity which enables setting up a large-scale land-based salmon farming operation.

For further information, please contact:

Gunnar Aasbø-Skinderhaug, Atlantic Sapphire ASA, Deputy CEO/ CFO

Gunnar@atlanticsapphire.com

Investorrelations@atlanticsapphire.com

About Atlantic Sapphire ASA:

Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming, locally, and transforming protein production, globally. Atlantic Sapphire operated its innovation center in Denmark from 2011 until 2021 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 holds the requisite permits and patents to construct its Bluehouse® in an ideal location in Homestead, Florida, just south of Miami. The Company's Phase 1 facility is in operation, which provides the capacity to harvest up to approximately 9,500 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.

This information is published in accordance with the requirements of the Continuing Obligations for companies listed on Euronext Oslo Børs and Section 5-12 of the Norwegian Securities Trading Act.