CORRECTION: Atlantic Sapphire ASA - Mandatory notification of trade by PDMRs

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, JAPAN, HONG KONG, NEW ZEALAND,
SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE
WOULD BE UNLAWFUL

Miami, Florida, 30 June, 2026
Reference is made to earlier stock exchange notices released by Atlantic
Sapphire ASA ("Atlantic Sapphire" or the "Company", and together with its
consolidated subsidiaries, the "Group") regarding the Company's financing
situation and the contemplated restructuring of the Group, e.g. the stock
exchange notice dated 23 May 2026 regarding the entry into the Restructuring
Agreement, and the stock exchange notice published 26 June 2026 regarding an
update on the offer from Coral HoldCo AS ("Coral Holding"). As part of such
restructuring, the Investor Group (as defined below) has, on 26 June 2026,
agreed to utilize its right under the restructuring agreement dated 23 May 2026
to transfer all of their shares in the Company to Coral Holding (the
"Transaction").

Coral Holding is a joint investment company established by a group of the
Company's largest shareholders and convertible loan holders, consisting of; (i)
Condire Management L.P, (ii) Nordlaks Holding AS, (iii) Nokomis Capital Master
Fund L.P., (iv) Strawberry Capital AS, and (v) Joh. Johannson Eiendom AS
(jointly, the "Investor Group"). 

As part of the Transaction, the following close associates of primary insiders
have transferred their shares in the Company: 

-	Strawberry Capital AS, a close associate of Kenneth Jarl Andersen, the
Chairman of the Board of Directors in the Company, transferred their shares in
the Company to Coral Holding, a total of 3,248,416 shares, at NOK 0.10 per
share. After the transaction, Strawberry Capital AS holds 0 shares in Atlantic
Sapphire ASA. 
-	Nordlaks Holding AS, a close associate of Eirik Welde, member of the Board of
Directors in the Company, transferred their shares in the Company to Coral
Holding, a total of 5,787,957 shares, at NOK 0.10 per share. After the
transaction, Nordlaks Holding AS holds 0 shares in Atlantic Sapphire ASA. 
-	Condire Management L.P, a close associate of Detlef von Sehrwald, observer on
the Board of Directors of the Company, transferred their shares in the Company
to Coral Holding, a total of 5,787,271 shares, at NOK 0.10 per share. After the
transaction, Condire Management L.P holds 0 shares in Atlantic Sapphire ASA.

Please refer to the attached notification forms for further information.

Contacts
This information is subject to the disclosure requirements pursuant to the
Market Abuse Regulation art. 19 and the Norwegian Securities Trading Act section
4-2 and 5-12.
he\
Market Abuse Regulation art. 19 and the Norwegian Securities Trading Act section\
4-2 and 5-12.\