Miami, FL, 19 November 2023

Reference is made to the stock exchange announcement by Atlantic Sapphire ASA
(the "Company") on 7 November 2023 regarding the final result of a subsequent
offering of up to 100,000,000 new shares in the Company (the "Subsequent
Offering" and the "Offer Shares"). Following the expiry of the subscription
period in the Subsequent Offering, the Board of Directors resolved to allocate a
total of 18,201,586 Offer Shares and to increase the Company's share capital
with NOK 1,820,158.60 through the issuance of 18,201,586 Offer Shares, each with
a par value of NOK 0.10.

The share capital increase pertaining to the Subsequent Offering has now been
registered with the Norwegian Register of Business Enterprises. The new share
capital is NOK 79,860,317.20 divided by 798,603,172 shares, each with a par
value of NOK 0.10.

The Offer Shares are expected to be delivered to investors on or about 21
November 2023. The Offer Shares will be tradable upon delivery.

Arctic Securities AS and DNB Markets, a part of DNB Bank ASA, are acting as
Joint Bookrunners in the Subsequent Offering (jointly, the "Managers").

Advokatfirmaet CLP DA is acting as legal advisor for the Company in connection
with the Subsequent Offering. Advokatfirmaet BAHR AS is acting as legal advisor
for the Managers in connection with the Subsequent Offering.

For further information, please contact:

Johan E. Andreassen, CEO