Miami, FL, June 14, 2021

Reference is made to the stock exchange notice on 4 June 2021 regarding the
successful completion of a private placement raising gross proceeds of
approximately USD 121 million (the "Private Placement") through issuance of new
shares (the "Offer Shares") in Atlantic Sapphire ASA (the "Company"), and the
primary insider notification on 4 June 2021 regarding, inter alia, a share
lending agreement between Alsco AS, JEA Invest and Vatne Equity AS (as "Share
Lenders") and DNB Markets, a part of DNB Bank ASA (as "Lending Manager").

The Lending Manager has now returned all 10,300,000 borrowed shares to the Share
Lenders. 

Alsco AS is a close associate of chairman Johan E. Andreassen and interim COO
Bjørn-Vegard Løvik. JEA Invest AS is a close associate of chairman Johan E.
Andreassen. Vatne Equity AS is a close associate of board member Runar Vatne.

Please see the attached forms for further information.

For further information, please contact:
 
Johan E. Andreassen 
Chairman, Atlantic Sapphire ASA