Miami, FL, 18 October 2024

Reference is made to the stock exchange announcement on 16 October 2024 from
Atlantic Sapphire ASA ("Atlantic Sapphire" or the "Company", and together with
its consolidated subsidiaries, the "Group"), regarding the resolution of the
Company's Board of Directors to increase the share capital with NOK
32,085,000.30 through issuance of 641,700,006 new shares (the "Fee Shares") to
the underwriters of the rights issue carried out by the Company to raise gross
proceeds of up to the NOK-equivalent of USD 64 million.

Following the decision of the Board of Directors to increase the share capital,
the following close associates of primary insiders have subscribed for Fee
Shares:

-	Strawberry Capital AS, a close associate of Chairman Kenneth Andersen, has
subscribed for 53,475,000 Fee Shares, for a total subscription amount of NOK
5,347,500.00