Miami, FL, May 28, 2024

Reference is made to Atlantic Sapphire ASA's ("Atlantic Sapphire" or the
"Company") stock exchange announcement on 3 May 2024 with key information
relating to the reverse share split in the ratio of 10:1 as resolved by the
Company's annual general meeting on 23 May 2024 (the "AGM").

Both the AGM's resolution to issue 5 new shares in the Company to facilitate the
reverse share split and the reverse share split itself have now been registered
with the Norwegian Register of Business Enterprises (Norwegian:
Foretaksregisteret). Following such registration, the Company's share capital is
NOK 112,108,442, divided into 112,108,442 shares, each with a par value of NOK
1.00.

For further information, please contact: 

Johan E. Andreassen, CEO