Miami, FL, 19 September 2023

Reference is made to the stock exchange notice from Atlantic Sapphire ASA
("Atlantic Sapphire" or the "Company") published on 19 September regarding the
successful placing of a private placement raising gross proceeds of NOK 702
million (the "Private Placement") through issuance of new shares (the "Offer
Shares") in the Company with a subscription price of NOK 1.40 per Offer Share
(the "Offer Price").

The Private Placement is divided into two tranches, one tranche consisting of
55,000,000 Offer Shares ("Tranche 1") and one tranche consisting of 446,428,571
Offer Shares ("Tranche 2"). The share capital increase pertaining to Tranche 1
has been resolved by the Company's Board of Directors pursuant to a Board
authorization, while completion of Tranche 2 is subject to approval of an
extraordinary general meeting, expected to be held on or about 11 October 2023
(the "EGM").

The following persons discharging managerial responsibilities and their close
associates have been allocated Offer Shares in Tranche 1 at the Offer Price:

i)	Strawberry Capital AS, a close associate of Chairman Kenneth Jarl Andersen,
has been allocated 4,587,000 Offer Shares at the Offer Price, corresponding to a
total subscription amount of NOK 6,421,800.
ii)	Nordlaks Holding AS, a close associate of Deputy Chairman Eirik Welde, has
been allocated 7,615,384 Offer Shares at the Offer Price, corresponding to a
total subscription amount of NOK 10,661,537.60.
iii)	ASInvest AS, a close associate of Board member André Skarbø, has been
allocated 592,256 Offer Shares at the Offer Price, corresponding to a total
subscription amount of NOK 829,158.40.
iv)	Jon-Birger Løvik (COO) has been allocated 78,348 Offer Shares at the Offer
Price, corresponding to a total subscription amount of NOK 109,687.20