Miami, FL, June 10, 2021

Reference is made to the stock exchange notice from Atlantic Sapphire ASA
("Atlantic Sapphire" or the "Company") on June 4, 2021 regarding completion of a
private placement of 10,300,000 new shares (the "Private Placement").

The share capital increase relating to the Private Placement has now been
registered with the Norwegian Register of Business Enterprises. The share
capital has been increased with NOK 1,030,000 through issuance of 10,300,000 new
shares, each with a par value of NOK 0.10.

The new share capital is NOK 9,101,335.10 divided by 91,013,551 shares, each
with a par value of NOK 0.10.

The shares allocated to the investors in the Private Placement have been
settled, on a delivery versus payment basis, by delivery of existing and
unencumbered shares in the Company, that are already listed on Oslo Stock
Exchange, pursuant to a share lending agreement between certain existing
shareholders of the Company, DNB Markets, a part of DNB Bank ASA and the
Company. The new shares issued in the Private Placement will consequently be
delivered to the share lenders to settle such share lending agreement.

The new shares exceeding 6,705,259 that are issued and delivered to the share
lenders as settlement of the share loan will only be converted to the ordinary
ISIN of the Company's shares following approval and publication of a listing
prospectus. Consequently, a total of 3,594,471 new shares will initially be
issued on a separate ISIN awaiting approval and publication of a listing
prospectus.

For further information, please contact:

Johan E. Andreassen 
Chairman, Atlantic Sapphire ASA