NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES
OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

Miami, FL, 16 March 2023

Reference is made to the stock exchange announcement published by Atlantic
Sapphire ASA (the "Company") on 16 March 2023 regarding a private placement in
the Company raising gross proceeds of the NOK equivalent of USD 55 million (the
"Private Placement"), as well as a potential subsequent offering of up to
20,000,000 new shares at a subscription price per share equal to the
subscription price in the Private Placement (the "Subsequent Offering").

Date on which the terms of the Subsequent Offering was announced: 16 March 2023
Last day including right: 	16 March 2023
First day excluding right:	17 March 2023
Record date: 	20 March 2023
Date of approval:	On or about 11 April 2023
Maximum number of new shares:	20,000,000
Subscription price: 	NOK 5.00

Other information: Completion of the Subsequent Offering is subject to, among
other things, completion of the Private Placement, granting by the EGM of a
board authorization to increase the Company's share capital in connection with
issuance of shares in a Subsequent Offering, the market price of the Company's
shares and approval of an EEA prospectus (the "Prospectus") by the Financial
Supervisory Authority of Norway, and publication of such Prospectus.

A further description of the Subsequent Offering and the terms and other
circumstances that must be taken into consideration when subscribing for shares
will be included in the Prospectus. The Company reserves the right at its sole
discretion to not conduct or to cancel the Subsequent Offering.

This information is published in accordance with the requirements of the
Continuing Obligations.