Atlantic Sapphire

Report Publication Announcement • Apr 30, 2020

Atlantic Sapphire AS: Approval and Publication of Prospectus

Atlantic Sapphire AS: Approval and Publication of Prospectus

Miami, April 30, 2020

Reference is made to previous stock exchange announcements regarding the application by Atlantic Sapphire AS (the "Company") for listing of its shares on the Oslo Stock Exchange (the "Listing") and the stock exchange notice dated April 29, 2020 whereby the Company was informed that the Oslo Stock Exchange approved the Company's Listing application.

The Financial Supervisory Authority of Norway has today, April 30, 2020, approved the Company’s Prospectus in connection with the Listing (the "Prospectus"). The Prospectus has been published today, and is available at www.atlanticsapphire.com/investor-relations, www.arctic.com/secno/en/offerings and www.dnb.no/emisjoner. Hard copies of the Prospectus may be obtained by contacting the Company.

The shares of the Company are expected to be listed on the Oslo Stock Exchange on May 5, 2020. No new shares will be offered in connection with the listing.

Arctic Securities AS and DNB Markets, a part of DNB Bank ASA, are acting as Joint Global Coordinators for the Listing. Advokatfirmaet CLP DA acts as legal counsel to the Company and Advokatfirmaet BAHR AS acts as legal counsel to the Joint Global Coordinators.

For further information, please contact:

Johan E. Andreassen

Chairman, Atlantic Sapphire AS;

or Karl Øystein Øyehaug

Finance Director, Atlantic Sapphire AS

investorrelations@atlanticsapphire.com

About Atlantic Sapphire AS

Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming, locally, and transforming protein production, globally. Atlantic Sapphire has been operating its innovation center in Langsand, Denmark since 2011 with a strong focus on R&D and innovation to equip the Company with technology and procedures to enable it to commercially scale up production in end markets closer to consumers.

In the US, the Company identified Homestead, Florida as the ideal location for its Bluehouse® farming in Miami, Florida. The Company is close to completion of its Phase I build out, which is projected to harvest approximately 10,000 tons of salmon annually, beginning in Q3, 2020. The Company has also secured the key US water permits to produce up to 90,000 tons onsite annually.