Atlantic Sapphire ASA: Mandatory notification of trade

Miami, FL, 28 December 2024 On 20 December 2024, an extraordinary general meeting of Atlantic Sapphire ASA (the "Company") resolved to carry out a reverse share split in the ratio of 200:1. In order to facilitate such reverse share split it is necessary to first complete a share capital increase of 551 new shares, and the extraordinary general meeting resolved that such shares should be subscribed for by Strawberry Capital AS at a price per share of NOK 0.10. Strawberry Capital AS has today subscribed for new shares in the Company as set out above. Please see the attached notification form for further information. 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.