Miami, FL, March 31, 2022

Atlantic Sapphire ASA (the "Company", and together with its consolidated
subsidiaries, the "Group") announces that its wholly-owned subsidiary, Atlantic
Sapphire USA LLC (the "Borrower") today has entered into an additional
three-month credit facility in an aggregate amount of up to USD 25 million (the
"Facility") with DNB Capital, LLC as lender, as a next step towards a fully
financed US Phase 2 construction project. 

The Facility is repayable on the earlier of (i) three months from the closing
date or (ii) on the occurrence of various standard events of default. The
Facility will be secured by a second priority security interest and lien on all
assets and equity interests held by the Company and the Borrower. The Facility
includes covenants in line with the Group's existing credit facilities.

The Facility provides for immediately available funds and secures the Group
additional liquidity while the details of the overall long-term financing are
being finalized.

For further information, please contact:

Johan E. Andreassen 
Chairman, Atlantic Sapphire ASA, and CEO, Atlantic Sapphire USA LLC