Miami, FL ,June 24, 2024 Reference is made to existing share option program, as described in the Remuneration Policy ofAtlantic Sapphire ASA (the "Company"), which is available on www.atlanticsapphire.com. The Board of Directors of the Company has now granted a total of 2,850,000 share options as part of the existing share option program. The share options have been allocated to the following persons: -Pedro Courard , appointed Chief Executive Officer (to assume the position on or around1 August 2024 ), has been granted 1,400,000 share options, each with a strike price ofNOK 13.50 , as previously announced in the stock market notification onMay 14, 2024 ; - Gunnar Aasboe-Skinderhaug, Deputy Chief Executive Officer and Chief Financial Officer, has been granted 1,000,000 share options, each with a strike price ofNOK 13.50 ; and -Mario Palma , Chief Operating Officer, has been granted 450,000 share options, each with a strike price ofNOK 13.50 . The strike price ofNOK 13.50 constitutes an approx. 50% premium to the last closing price of theAtlantic Sapphire shares. The granted share options hold an expiration date of24 June 2029 . Further, all options have a four-year vesting period (with 25% of the total options vesting each year). Each option gives the holder the right upon exercise to purchase one new share in the Company. Further information with regards to the allocation to primary insiders Gunnar Aasbo-Skinderhaug andMario Palma is included in the attached notification forms. The Company has 112,108,442 shares outstanding, each with a par value ofNOK 1.00 . For further information, please contact: Gunnar Aasbo-Skinderhaug, Deputy CEO & CFO investorrelations@atlanticsapphire.com This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation art. 19 and the Norwegian Securities Trading Act section 5-12. AboutAtlantic Sapphire ASA Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming, locally, and transforming protein production, globally.Atlantic Sapphire operated its innovation center inDenmark from 2011 until 2021 with a strong focus on R&D and innovation to equip the Company with the technology and procedures that enable the Company to commercially scale up production in end markets close to the consumer. In the US, the Company holds the requisite permits and patents to construct its Bluehouse® in an ideal location inHomestead, Florida , just south ofMiami . The Company's Phase 1 facility is in operation, which provides the capacity to harvest approximately 10,000 tons (HOG) of salmon annually. The Company completed its first commercial harvest in the US inSeptember 2020 .Atlantic Sapphire is currently constructing its Phase 2 expansion, which will bring total annual production capacity to 25,000 tons, and has a long-term targeted harvest volume of 220,000 tons.
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