Atlantic Sapphire ASA: Primary Insider Notification

Miami, FL, October 20, 2021

Johan E. Andreassen, Chairman of the Board, and Bjørn-Vegard Løvik, Interim COO
and primary insider, have today acquired 100,000 shares in Atlantic Sapphire ASA
through Alsco AS (a company jointly owned by Johan E. Andreassen and
Bjørn-Vegard Løvik) at an average price of NOK 33.7 per share. Following the
transaction, Alsco AS holds 9,939,540 shares in the Company, corresponding to
10.9% of the outstanding shares. In addition, Johan E. Andreassen personally
holds 1,073,770 shares in the Company and 311,188 share options.

For further information, please contact:

Johan E. Andreassen 
Chairman, Atlantic Sapphire ASA, and CEO, Atlantic Sapphire USA LLC; 

Karl Øystein Øyehaug 
Managing Director, Atlantic Sapphire ASA, and Chief Financing Officer, Atlantic
Sapphire USA LLC

[e-mail]

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 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 has identified and obtained the requisite permits to
construct its Bluehouse® in the ideal location in Homestead, Florida, just south
of Miami. The Company has completed Phase 1 construction, which provides the
capacity to harvest approximately 10,000 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 targeted
harvest volume in 2031 of 220,000 tons.

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