Miami, FL, Sep 15, 2021

On September 15, 2021 at approximately 8:20pm CEST, a fire broke out in the
facility of Atlantic Sapphire Denmark A/S, a wholly-owned subsidiary of Atlantic
Sapphire ASA (the "Company" or "Atlantic Sapphire"). All employees are safely
out of the building and accounted for. There are no reported injuries. The fire
is ongoing and the fire department is handling the situation at the Danish
facility.

The Company expects the full Danish facility will be impacted by the fire and
that the damages will be material and substantial. The cause of the fire is
currently unknown. The standing biomass in the Danish facility is expected to be
lost.

The Danish facility is insured against fire for the full book value of the
facility of approximately USD33 million.

The Company will provide additional updates as more information becomes
available.

For further information, please contact:

Johan E. Andreassen  

Chairman, Atlantic Sapphire ASA, and CEO, Atlantic Sapphire USA LLC