Atlantic Sapphire ASA: Minutes of Extraordinary General Meeting - Disclosure of Large Shareholding

Miami, FL, 15 September 2026

Atlantic Sapphire ASA (the "Company") has today held an annual extraordinary
general meeting digitally. All items proposed on the agenda were adopted. Please
find attached the minutes from the meeting in English and Norwegian.

The general meeting resolved to increase the Company's share capital with NOK
56,274,069.25 through the issuance of 1,125,481,385 new shares, each at a
subscription price of NOK 0.10 and at a par value of NOK 0.05. Such share
capital increase will be settled by set-off of claims held by Coral HoldCo AS in
relation to the initial tranches of the Bridge Loan, including origination fee
and accrued interest, as further described in the notice for the extraordinary
general meeting. All shares to be issued will be subscribed by Coral HoldCo AS.

Following such subscription, Coral HoldCo AS will hold a total of 1,150,124,362
shares and votes in the Company, corresponding to approximately 99.03% of the
then outstanding shares and votes. Coral HoldCo AS' holding of shares and votes
in the Company will consequently surpass the notifiable 90% threshold pursuant
to Section 4-2 of the Norwegian Securities Trading Act. 

Coral HoldCo is a joint investment company established by, and holding the
shares in the Company on behalf of, a group of the Company's largest
shareholders and convertible loan holders, for the purposes of the restructuring
of the Company, consisting of: (i) Condire Management L.P., (ii) Nordlaks
Holding AS, (iii) Nokomis Capital, LLC, (iv) Strawberry Capital AS, and (v) Joh
Johannson Eiendom AS (the "Investor Group"). The Investor Group holds
approximately 93.7% of the USD 59.2 million convertible loan issued by the
Company and approved by its extraordinary general meeting on 30 September 2025.
Coral HoldCo holds no rights to further shares or voting rights in the Company.

For further information, please contact:
Gunnar Aasbo-Skinderhaug
Atlantic Sapphire ASA, Deputy CEO/ CFO 
Email: gunnar@atlanticsapphire.com 
investorrelations@atlanticsapphire.com

About Atlantic Sapphire ASA 
Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming,
locally, and transforming protein production, globally. Atlantic Sapphire
operated its innovation center in Denmark from 2011 until 2021 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 holds the requisite
permits and patents to construct its Bluehouse® in an ideal location in
Homestead, Florida, just south of Miami. The Company's Phase 1 facility is in
operation, which provides the capacity to harvest up to approximately
7,500-8,500 tons (HOG) of salmon annually. The Company completed its first
commercial harvest in the US in September 2020. Atlantic Sapphire's Phase 2
expansion, will bring total annual production capacity to 25,000 tons and the
Company has a long-term targeted harvest volume of >100,000 tons. 

This information is subject to the disclosure requirements pursuant to the
Market Abuse Regulation and the Norwegian Securities Trading Act sections 5-12
and 4-2. This stock exchange release was published by Gunnar Aasbø-Skinderhaug,
at the time and date set out above.
hange release was published by Gunnar Aasbø-Skinderhaug\,\
at the time and date set out above.\