Atlantic Sapphire ASA: Commencement of first exercise period for warrants

About this update from Atlantic Sapphire Asa

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, INCANADA,JAPAN, AUSTRALIA OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCHRELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOESNOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.Reference is made to previously announced information about the warrantsissuedby the Company, with ISIN NO 001 3340802 and traded on Euronext Oslo Børsunderticker code "ASAS" (the "Warrants"). Each Warrant gives the holder a right tosubscribe for one new share in Atlantic Sapphire ASA (the "Company"), atspecific exercise windows. For further information, please refer to the stockexchange notice published by the Company on 18 October 2024 and to theCompany'sprospectus dated 19 September 2024 (available athttps://atlanticsapphire.com/investor-relations/share-information/#prospectus).The first exercise period for the Warrants will commence today, on 1 December2025.Exercise period and exercise priceThe first exercise period for the Warrants will run from 1 December 2025 until15 December 2025 at 16.30 CET.The exercise price per Warrant in this exercise period is NOK 24 per share,which has been adjusted as a consequence of the reverse split of the Company'sshares and Warrants carried out in January 2025.Exercise procedure - payment and deliveryHolders of Warrants that wish to exercise the Warrants in this exercise windowmust contact the Company, via e-mail [email protected] exercise notice must be received by the Company within 15 December 2025 at16.30 CET. Holders of Warrants will then receive further information withregardto, inter alia, payment for exercised Warrants.If Warrants are held through a financial intermediary, the financialintermediary will customarily give the holder details of the aggregate numberofWarrants which it is entitled to exercise. The relevant financial intermediarywill customarily supply each holder with this information in accordance withitsusual customer relations procedures. Holders of Warrants through a financialintermediary should contact the financial intermediary if they have receivednoinformation with respect to the Warrants.Delivery of new shares following exercise of Warrants will be made as soon aspossible following due receipt of all share deposits for exercised Warrantsandregistration of the pertaini...

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