Miami, FL, February 22, 2021

Atlantic Sapphire ASA ("the Company") announces that Karl Øystein Øyehaug today
has been promoted to Chief Financing Officer and Alejandro Castro today has been
promoted to Chief Accounting Officer and will together be responsible for the
financial function of the Company. Mr. Øyehaug and Mr. Castro have both been
elevated to these positions internally following a comprehensive external
search. Both positions will be reporting to the CEO. 
 
Karl Øystein Øyehaug, Chief Financing Officer and Managing Director of the
Company, will be responsible for maintaining an optimal capital structure for
the Company's future growth, and handling external financial stakeholders. 
 
Alejandro Castro, Chief Accounting Officer, will be responsible for managing the
Company's internal financial infrastructure including accounting, treasury, tax,
procurement and insurance. 
 
Karl Øystein Øyehaug, Chief Financing Officer and Managing Director 
Since September 2020, Mr. Øyehaug was the Interim Chief Financial Officer at
Atlantic Sapphire. Mr. Øyehaug has been employed as the Group's Finance Director
since 2018 and was elected as Managing Director of the Company at the time of
conversion to public limited liability company in May 2020. Prior to joining the
Group, Mr. Øyehaug served as Equity Analyst at Carnegie Investment Bank in Oslo,
Norway, covering the seafood sector. Mr. Øyehaug holds a degree in economics &
business administration from the Norwegian School of Economics (NHH) and
Columbia University in the City of New York. 
 
Alejandro Castro, Chief Accounting Officer 
Alejandro Castro, a licensed Certified Public Accountant, was Atlantic
Sapphire's Group Controller since 2018. Before joining Atlantic Sapphire, Mr.
Castro held CFO and VP of finance positions in high growth international
companies. Furthermore, Mr. Castro is ex Deloitte where he worked in Audit and
Transaction Advisory roles. Mr. Castro holds a Master in Business Administration
from Northwestern University - Kellogg School of Management. Additionally, he
holds a Master of Science & a Bachelor of Science in Accounting from Florida
International University.  
 
For further information, please contact:  
 
Johan E. Andreassen  
Chairman, Atlantic Sapphire ASA;  
 
Karl Øystein Øyehaug  
Chief Financing Officer & 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
enable 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 and performed its first commercial harvest in the
US in September 2020. The Company has 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.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange