Atlantic Sapphire

Report Publication Announcement • Nov 3, 2021

Atlantic Sapphire ASA: Monthly Update for October 2021

Atlantic Sapphire ASA: Monthly Update for October 2021

Miami, FL, November 3, 2021

Atlantic Sapphire ASA (the “Company” or “Atlantic Sapphire”) announces its Monthly Update for October 2021. The Monthly Update includes details on biological performance, standing biomass, the development of the New Batches, price achievement and Phase 2 construction capex.

Atlantic Sapphire invites investors and analysts to a webcast, during which the Monthly Report for October 2021 will be presented by management, followed by a Q&A session.

The video conference call will take place today at noon EST / 17:00 CET.

Please use the following link to access the video conference call: https://bit.ly/3CzstDL

or the following call-in details:

Conference ID: 311 319 125#

+1 786-598-2978 United States, Miami

+47 21 40 21 39 Norway, Oslo

+44 20 3794 0298 United Kingdom, London

All participants will be on mute. If you would like to ask a question during the Q&A session, use the Q&A chat at any time during the presentation.

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 Financing 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 targeted harvest volume in 2031 of 220,000 tons.