Atlantic Sapphire

Share Issue/Capital Change • Jul 21, 2020

Atlantic Sapphire ASA: Share Capital Increase Registered

Atlantic Sapphire ASA: Share Capital Increase Registered

Miami, FL, July 21, 2020

Reference is made to the exercise of 10,000 share options by Mario Palma, Director of Aquaculture and primary insider in Atlantic Sapphire ASA, as announced on July 7, 2020.

The share capital increase relating to the option exercise has now been registered with the Norwegian Register of Business Enterprises. The share capital has been increased with NOK 1,000 through issuance of 10,000 new shares, each with a par value of NOK 0.10.

The new share capital is thus NOK 7,128,610 divided by 71,286,100 shares, each with a par value of NOK 0.10.

For further information, please contact:

Johan E. Andreassen

Chairman, Atlantic Sapphire ASA;

or Karl Øystein Øyehaug

Managing Director, 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, beginning in Q3, 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.

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.