Miami, FL, 3 June 2021

Reference is made to the stock exchange notice on 3 June 2021 regarding the
successful completion of a private placement raising gross proceeds of USD 120
million (the "Private Placement") through issuance of new shares (the "Offer
Shares") in Atlantic Sapphire ASA (the "Company").

The following primary insiders or close associates of primary insiders have been
allocated Offer Shares in the Private Placement:

-	ASInvest AS, a close associate of board member André Skarbø has been allocated
50,709 Offer Shares at the offer price of NOK 98.6; and
-	Tone Bjørnov, board member, has been allocated 2,000 Offer Shares at the offer
price of NOK 98.6.

In order to facilitate for settlement on a delivery versus payment basis of
Offer Shares in the Private Placement, a share lending agreement has been
entered into between Alsco AS, JEA Invest and Vatne Equity AS (as "Share
Lenders") and DNB Markets, a part of DNB Bank ASA (as "Lending Manager").
Pursuant to that agreement, the Share Lenders has agreed to lend 10,300,000
existing shares in the Company to the Lending Manager. Alsco AS is a close
associate of chairman Johan E. Andreassen and interim COO Bjørn-Vegard Løvik.
JEA Invest AS is a close associate of chairman Johan E. Andreassen. Vatne Equity
AS is a close associate of board member Runar Vatne.

Please see the attached forms for further information.

For further information, please contact:
 
Johan E. Andreassen 
Chairman, Atlantic Sapphire ASA; 

or 

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. 

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

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange