Miami, FL, 28 December 2024 

On 20 December 2024, an extraordinary general meeting of Atlantic Sapphire ASA
(the "Company") resolved to carry out a reverse share split in the ratio of
200:1. In order to facilitate such reverse share split it is necessary to first
complete a share capital increase of 551 new shares, and the extraordinary
general meeting resolved that such shares should be subscribed for by Strawberry
Capital AS at a price per share of NOK 0.10. Strawberry Capital AS has today
subscribed for new shares in the Company as set out above. 

Please see the attached notification form for further information.

For further information, please contact: 

Gunnar Aasbø-Skinderhaug, Atlantic Sapphire ASA, Deputy CEO/ CFO 
Gunnar@atlanticsapphire.com

Investorrelations@atlanticsapphire.com

About Atlantic Sapphire ASA:

Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming,
locally, and transforming protein production, globally. Atlantic Sapphire
operated its innovation center in Denmark from 2011 until 2021 with a strong
focus on R&D and innovation to equip the Company with the technology and
procedures that enable the Company to commercially scale up production in end
markets close to the consumer. 

In the US, the Company holds the requisite permits and patents to construct its
Bluehouse® in an ideal location in Homestead, Florida, just south of Miami. The
Company's Phase 1 facility is in operation, which provides the capacity to
harvest up to approximately 9,500 tons (HOG) of salmon annually. The Company
completed its first commercial harvest in the US in September 2020. Atlantic
Sapphire is currently constructing its Phase 2 expansion, which will bring total
annual production capacity to 25,000 tons and has a long-term targeted harvest
volume of 220,000 tons.