Atlantic Sapphire

Share Issue/Capital Change • Sep 18, 2024

Atlantic Sapphire ASA AS: Ex. right to participate in Rights Issue today

Atlantic Sapphire ASA AS: Ex. right to participate in Rights Issue today

Reference is made to the announcement by Atlantic Sapphire ASA (the "Company") concerning, inter alia¸ the resolution by the general meeting to approve the share capital increase pertaining to a partially underwritten rights issue to raise gross proceeds of up to the NOK-equivalent of USD 64 million (the "Rights Issue") and to earlier stock exchange notices regarding the Rights Issue. The shares of the Company are trading exclusive of the right to participate in the Rights Issue as of today.

The shareholders of the Company as of 17 September 2024 (as registered in the VPS as of the end of 19 September 2024, the "Record Date") will be granted subscription rights to participate in the Rights Issue.

Issuer: Atlantic Sapphire ASA

Ex. Date: 18 September 2024

Type of corporate event: Rights Issue

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.