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 pertaining share capital increase in the NorwegianRegisterof Business Enterprises. Listing and commencement of trading in new sharesThe new shares issued upon exercise of Warrants will be listed on EuronextOsloBørs under ISIN NO 001 3464750 and ticker code "ASA". The new shares will bedelivered to holders who have exercised Warrants as soon as the share capitalincrease pertaining to the exercise of Warrants in this exercise window hasbeenregistered with the Norwegian Register of Business Enterprises. The new shares will, if required, be placed on a separate ISIN pendingpublication of a listing prospectus. It is currently not expected that alistingprospectus will be required for listing of the new shares. Subject to nolistingprospectus being required, the new shares will be tradable at Euronext OsloBørsfollowing registration of the share capital increase pertaining to theexerciseof Warrants in this exercise window with the Norwegian Register of BusinessEnterprises. For further information, please contact: Gunnar Aasbø-Skinderhaug, Atlantic Sapphire ASA, Deputy CEO/ CFO [email protected] [email protected] This information is subject to the disclosure requirements pursuant to theNorwegian Securities Trading Act section 5-12. About Atlantic Sapphire ASA: Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming,locally, and transforming protein production, globally. Atlantic Sapphireoperated its innovation center in Denmark from 2011 until 2021 with a strongfocus on R&D and innovation to equip the Company with the technology andprocedures that enable the Company to commercially scale up production in endmarkets close to the consumer. In the US, the Company holds the requisitepermits and patents to construct its Bluehouse® in an ideal location inHomestead, Florida, just south of Miami. The Company's Phase 1 facility is inoperation, which provides the capacity to harvest up to approximately7,500-8,500 tons (HOG) of salmon annually. The Company completed its firstcommercial harvest in the US in September 2020. Atlantic Sapphire is currentlydeveloping its Phase 2 expansion, which will bring total annual productioncapacity to 25,000 tons and has a long-term targeted harvest volume of>100,000tons. - IMPORTANT INFORMATION - This announcement does not constitute an offer of securities for sale or asolicitation of an offer to purchase securities of the Company in the UnitedStates or any other jurisdiction. Copies of this document may not be sent tojurisdictions, or distributed in or sent from jurisdictions, in which this isbarred or prohibited by law. The securities of the Company may not be offeredorsold in the United States absent registration or an exemption fromregistrationunder the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act").The securities of the Company have not been, and will not be, registered underthe U.S. Securities Act. Any sale in the United States of the securities mentioned in thiscommunicationwill be made solely to "qualified institutional buyers" as defined in Rule144Aunder the U.S. Securities Act or otherwise pursuant to exemptions from, or intransactions not subject to, the registration requirements of the U.S.Securities Act. No public offering of the securities will be made in theUnitedStates. This announcement is an advertisement and is not a prospectus for thepurposes of Regulation (EU) 2017/1129 of the European Parliament and of theCouncil of 14 June 2017 on prospectuses to be published when securities areoffered to the public or admitted to trading on a regulated market, andrepealing Directive 2003/71/EC (as amended) as implemented in any EEA MemberState (the "Prospectus Regulation"). Investors should not subscribe orexercisefor any securities referred to in this announcement except on the basis ofinformation contained in the Prospectus. Copies of the Prospectus areavailablefrom the Company's website and registered office. In any EEA Member State, this communication is only addressed to and is onlydirected at qualified investors in that Member State within the meaning of theProspectus Regulation. In the United Kingdom, this communication is only addressed to and is onlydirected at Qualified Investors who (i) are investment professionals fallingwithin Article 19(5) of the Financial Services and Markets Act 2000 (FinancialPromotion) Order 2005 (as amended) (the "Order") or (ii) are persons fallingwithin Article 49(2)(a) to (d) of the Order (high net worth companies,unincorporated associations, etc.) (all such persons together being referredtoas "Relevant Persons"). These materials are directed only at Relevant Personsand must not be acted on or relied on by persons who are not Relevant Persons.Any investment or investment activity to which this announcement relates isavailable only to Relevant Persons and will be engaged in only with RelevantPersons. Persons distributing this communication must satisfy themselves thatitis lawful to do so. This document is not for publication or distribution in, directly orindirectly,Australia, Canada, Japan, the United States or any other jurisdiction in whichsuch release, publication or distribution would be unlawful, and it does notconstitute an offer or invitation to subscribe for or purchase any securitiesinsuch countries or in any other jurisdiction. In particular, the document andtheinformation contained herein should not be distributed or otherwisetransmittedinto the United States or to publications with a general circulation in theUnited States of America. Matters discussed in this announcement may constitute forward-lookingstatements. Forward-looking statements are statements that are not historicalfacts and may be identified by words such as "anticipate", "believe","continue", "estimate", "expect", "intends", "may", "should", "will" andsimilarexpressions. The forward-looking statements in this release are based uponvarious assumptions, many of which are based, in turn, upon furtherassumptions.Although the Company believes that these assumptions were reasonable whenmade,these assumptions are inherently subject to significant known and unknownrisks,uncertainties, contingencies and other important factors which are difficultorimpossible to predict and are beyond its control. Such risks, uncertainties,contingencies and other important factors could cause actual events to differmaterially from the expectations expressed or implied in this release by suchforward-looking statements. The information, opinions and forward-lookingstatements contained in this announcement speak only as at its date and aresubject to change without notice. This announcement is made by and is theresponsibility of the Company. This announcement is for information purposes only and is not to be relieduponin substitution for the exercise of independent judgment. It is not intendedasinvestment advice and under no circumstances is it to be used or considered asan offer to sell, or a solicitation of an offer to buy any securities or arecommendation to buy or sell any securities of the Company. No reliance maybeplaced for any purpose on the information contained in this announcement oritsaccuracy, fairness or completeness. https://newsweb.oslobors.no/message/660911

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