As described in the recommendations from the Nomination Committee to the Annual General Meeting of Atlantic Sapphire ASA (the "Company"), the Company has intended to appoint Johan Andreassen as formal managing director of the Company in addition to his role as CEO of Atlantic Sapphire USA LLC. Following the resignation of Johan Andreassen from the Board of Directors and following approval from the Norwegian Ministry of Trade, Industry and Fisheries pursuant to the Norwegian Public Limited Liability Companies Act section 6-11, Johan Andreassen has been formally appointed as managing director of the Company.