Miami, FL, September 5, 2021 

Reference is made to the Update on the supply situation of liquid oxygen to the
US Bluehouse facility published on August 29, 2021, and the current, Covid-19
related liquid oxygen ("LOX") shortage in the US. In response to the shortage in
the US market and potential negative effects on the operations of Atlantic
Sapphire ASA ("the Company"), management took precautionary measures both
to reduce its oxygen consumption and to engage in alternative supply sources, in
order to avoid putting its biomass health at risk. 

Over the last days, the Company has been able to secure additional LOX
deliveries through multiple different sources, including Miami-Dade County
("MDC"), its original oxygen supplier and three additional out-of-state sources
of LOX. With the current schedule of LOX deliveries and supply chain
redundancies in place, the Company has been able to increase feeding to normal
levels across all its fresh and saltwater systems. Although the Company will
continue to monitor the LOX situation closely, it expects to be in normal
production going forward.  

For further information, please contact:   

Johan E. Andreassen  

Chairman, Atlantic Sapphire ASA, and CEO, Atlantic Sapphire USA LLC