Atlantic Sapphire ASA: Q3 2021 Trading Update and New Monthly Update

Miami, FL, October 5, 2021

Atlantic Sapphire ASA (the "Company" or "Atlantic Sapphire") announces its
Trading Update for the quarter ended September 30, 2021. 

Three months ended September 30, 2021:

Revenue per kg of total harvest - USA		~USD7/kg HOG
Revenue per kg for SUP 3kg+    - USA		~USD12/kg HOG

In comparison: 
Fish Pool commodity salmon price in Q3 2021	~USD6.4/kg HOG

Harvest volume - USA: 				~700t HOG 
Biomass gain   - USA: 				~600t RLW

Note: Q3 2021 average price achievement reflects ~60% of harvest volumes, the
remaining ~40% is currently in inventory for new frozen and smoked programs and
existing fresh programs, all expected to be sold at premium prices. The Q3 2021
average price achievement includes all early harvested fish from the 'LOX supply
shortage harvest' that was sold at non-premium prices.

Going forward, the quarterly Trading Update will be replaced by a more detailed
Monthly Update that will allow all interested parties to follow the key
developments in the US more closely, as the Company moves towards steady state
US Phase 1 production in mid-2022. 

The Monthly Update will include details on biological performance, standing
biomass, the development of the New Batches, price achievement and Phase 2
construction capex. As such, please find the Monthly Update for September 2021
attached.

Atlantic Sapphire ASA invites investors and analysts to a video conference call,
during which the Company's Monthly Report for September 2021 will be presented
by management, followed by a Q&A session. 

The video conference call will take place today 11:00 am EST / 17:00 CEST.  

Please use the following link to access the video conference call:
https://bit.ly/3FkAAG2 

or the following call-in details: 


Conference ID: 386 133 381# 


[phone]   United States, Miami 

[phone]   United States, New York 

[phone]   Norway, Oslo 

[phone]  United Kingdom, London 

[phone]   Denmark, Copenhagen 

[phone]  Sweden, Stockholm 

[phone]  Switzerland, Zurich 

All participants will be on mute during the presentation. If you would like to
ask a question during the Q&A session, please unmute yourself if using the link
or by pressing "*6" if you are calling in.

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.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange