Miami, FL, 1 March 2024

Reference is made to the stock exchange notice by Atlantic Sapphire ASA (the
"Company") on 29 February 2024 regarding a successfully placed underwritten
private placement of new shares in the Company (the "Private Placement").
Completion of tranche 2 of the Private Placement is subject to approval by an
extraordinary general meeting of the Company (the "EGM"). The Company has
secured voting undertakings in favour of such share capital increase at the EGM.

The Company's Board of Directors (the "Board") has also proposed, among other
things, that the EGM shall grant the Board authorization to increase the share
capital in connection with the contemplated subsequent offering, and to resolve
the consideration shares to the underwriters.

The Board therefore calls for an extraordinary general meeting to be held
digitally on 22 March 2024 at 10:00 CET.

The notice with the full agenda is attached both in Norwegian and English.

For further information, please contact: 

Johan E. Andreassen, CEO