Miami, FL, May 16, 2024

Reference is made to existing share option program, as described in the
Remuneration Policy of Atlantic Sapphire ASA (the "Company"), which is available
on www.atlanticsapphire.com. The Board of Directors of the Company has now
granted a total of 3,000,000 to Atlantic Sapphire USA LLC employees, as part of
the existing share option program. The options have been distributed by the
Board of Directors to a total of 38 key employees. This option award comes in
addition to the proposed share option award to Mr. Pedro Courard, as announced
on 14 May 2024.

All options awarded have a strike price of NOK 1.15 (a 6.5% premium to the last
closing price of the Atlantic Sapphire shares) and an expiration date of May 16,
2029. Further, all options have a four-year vesting period (with 25% of the
total options vesting each year).

Each option gives the holder the right upon exercise to purchase one new share
in the Company.

The following primary insiders of the Company has been allocated share options:

-	Mario Palma, Chief Operating Officer, has been granted 300,000 share options,
each with a strike price of NOK 1.15