Miami, FL, April 1, 2022
 
Reference is made to the stock exchange announcement issued on September 15,
2021 regarding the fire incident affecting Atlantic Sapphire's Denmark facility.
Danish police (Midt- og Vestjyllands Politi) today have announced in a short
comment available on their webpage www.politi.dk that they have concluded their
investigation regarding the incident. The investigation is inconclusive as to
the cause of the fire. Furthermore, the police report states that there is no
evidence of arson in connection with the incident. No further details are
available.

With the investigation now concluded, Atlantic Sapphire ASA will continue to
work its future plans for Atlantic Sapphire Denmark.

For further information, please contact:

Johan E. Andreassen 
Chairman, Atlantic Sapphire ASA, and CEO, Atlantic Sapphire USA LLC