Atlantic Sapphire

Report Publication Announcement • Oct 22, 2020

Atlantic Sapphire ASA: Primary Insider Notification

Atlantic Sapphire ASA: Primary Insider Notification

Miami, FL, October 22, 2020

Andre Skarbø, board member and primary insider, has today acquired 11,000 shares at an average price of NOK 93.28 through his company AS Invest AS. Following the transaction, Andre Skarbø holds 812,206 shares in the Company, corresponding to 1.0% of the total shares outstanding in the Company.

Karl Øystein Øyehaug, Managing Director & Interim CFO and primary insider, has today acquired 800 shares at an average price of NOK 92.40. Following the transaction, he holds 9,405 shares in the Company and 28,861 options, corresponding to 0.0% of the total shares outstanding in the Company.

Dharma Rajeswaran, Chief Operating Officer and primary insider, has today acquired 270 shares at an average price of NOK92.60. Following the transaction, Dharma Rajeswaran will hold 11,270 shares in the Company and 50,000 share options, corresponding to 0.0% of the outstanding shares in the Company.

For further information, please contact:

Johan E. Andreassen

Chairman, Atlantic Sapphire ASA;

Karl Øystein Øyehaug

Managing Director & Interim CFO, Atlantic Sapphire ASA

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 technology and procedures that enables the company to commercially scale up production in end markets close to the consumer.

In the US, the company has since 2010 worked to identify and permit the ideal location for Bluehouse® farming in Miami, Florida. The company is close to completion of its phase 1 build out which is projected to harvest approximately 10,000 tons of salmon annually, and performed its first commercial harvest in the US in September 2020. The company has also secured the key US water permits to produce up to 90,000 tons onsite, and has a targeted harvest volume in 2031 of 220,000 tons.