Miami, May 6, 2024

Atlantic Sapphire ASA (the "Company" or "Atlantic Sapphire") announces the
appointment of Gunnar Aasbo-Skinderhaug as CFO and Deputy CEO, effective July 1,
2024. Karl Øystein Øyehaug has decided to step down from his position as CFO. 

In his new role, Gunnar Aasbo-Skinderhaug will strengthen the Company's
leadership team, bringing operational and financial experience from the salmon
farming industry to secure its path toward profitability. With this appointment,
Atlantic Sapphire further aims to enhance its capabilities and ensure readiness
for the upcoming phase two expansion project.

Gunnar Aasbo-Skinderhaug has more than 15 years of experience from the seafood
industry and salmon farming and joins Atlantic Sapphire from the position as
Director of Cermaq Norway Salmon. Aasbo-Skinderhaug has had multiple operational
executive roles in the Norwegian entity and worked on operational improvements
in the Norwegian and Chilean operations of Cermaq. Aasbo-Skinderhaug has more
than 10 years experience as CFO, including previously Oslo Stock Exchange-listed
Aker Seafoods, as well as several years of experience with land-based farming,
including RAS production.

«I am proud to get this opportunity in Atlantic Sapphire. The demand for salmon
is strong while the industry's supply cannot keep up. The future of salmon
farming includes significant production volumes from land-based farms, and
Atlantic Sapphire has long experience and a unique position to serve the
greatest salmon market in the world with premium salmon», Aasbo-Skinderhaug
says.

Karl Øystein Øyehaug will remain in the CFO role until Mr. Aasbo-Skinderhaug has
relocated to Florida (expected during Q3 2024) and will also stay in the Company
for a period thereafter to secure a seamless transition.
Furthermore, the Board of Directors is pleased to report that the search for a
new CEO is progressing well and is expected to conclude during Q2 2024.

"We welcome Gunnar Aasbo-Skinderhaug to our leadership team and are confident
that Gunnar, with his broad background, will significantly contribute to the
companyŽs journey towards profitability and growth over the years to come" said
Kenneth J Andersen, Chairman of the Board of Atlantic Sapphire. "On behalf of
the Board of Directors, we want to thank Karl Øystein Øyehaug for his
significant contribution to the company over the past six years serving as CFO,
both in terms of developing the Company into what it is today, and also securing
financing to fulfill the company's path toward profitability and growth. We're
sorry to see him leave but understand his priorities and wish him all the best
in the future."

For further information, please contact: 

Johan E. Andreassen, CEO