Miami, FL, March 18, 2023

Reference is made to the stock exchange announcement by Atlantic Sapphire ASA
(the "Company") on March 16, 2023 regarding a successfully placed private
placement of new shares in the Company (the "Private Placement"). Completion of
the Private Placement is subject to, among other things, approval by an
extraordinary general meeting of the Company of the share capital increases
relating to the Private Placement.

The Company's Board of Directors (the "Board") has also proposed that the
extraordinary general meeting shall grant the Board an authorization to increase
the share capital in connection with the contemplated subsequent offering.

The Board therefore calls for an extraordinary general meeting to be held
digitally on April 11, 2023 at 09:00 CET.

The notice with the full agenda is attached both in Norwegian and English and
contains the following attachments: (1) The Board's proposal for resolution in
item 4 and 5, (2) The shareholders' rights, participation and proxy, (3)
Registration and proxy form and (4) guidelines on digital attendance at the
general meeting.

For further information, please contact: 

Karl Øystein Øyehaug, CFO & Managing Director, Atlantic Sapphire ASA 

investorrelations@atlanticsapphire.com

About Atlantic Sapphire ASA 

Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming,
locally, and transforming protein production, globally. Atlantic Sapphire has
been operating its innovation center in Denmark since 2011 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 has identified and obtained the requisite permits to
construct its Bluehouse® in the ideal location in Homestead, Florida, just south
of Miami. The Company has completed Phase 1 construction, which provides the
capacity to harvest 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 targeted
harvest volume in 2031 of 220,000 tons.