Miami, FL, 1 March 2024

Reference is made to the stock exchange notice by Atlantic Sapphire ASA
("Atlantic Sapphire" or the "Company") on 29 February 2024 regarding the
completion of an underwritten private placement of 307,125,000 new shares (the
"Offer Shares") at a subscription price of NOK 1.20 per share (the "Offer
Price"), raising gross proceeds of approx. NOK 369 million (the "Private
Placement"). 

Reference is further made to the resolution by the Company's Board of Directors
(the "Board") on 29 February 2024, to increase the Company's share capital
pursuant to a Board authorisation granted by a general meeting of the Company on
11 October 2023 as part of the completion of tranche 1 of the Private Placement
consisting of 156,080,000 Offer Shares ("Tranche 1").

The share capital increase pertaining second tranche of the Private Placement
("Tranche 2"), consisting of 151,045,000 Offer Shares, will be proposed resolved
by an extraordinary general meeting of the Company to be held on or about 22
March 2024 (the "EGM"). As the Company has secured voting undertakings in favour
of such share capital increase at the EGM, the allocations of Offer Shares set
out above concern the full Private Placement (i.e. both Tranche 1 and Tranche
2).

The following persons discharging managerial responsibilities ("PDMRs") and
close associates to PDMRs has subscribed for and been allocated Offer Shares in
the Private Placement at the Offer Price:

-	ASInvest AS, a close associate of Board member André Skarbø, has been
allocated 3,878,204 Offer Shares at the Offer Price, corresponding to a total
subscription amount of NOK 4,653,844.80