Atlantic Sapphire ASA: Mandatory notification of trades

About this update from Atlantic Sapphire Asa

Miami, FL, 30 September 2025Reference is made to the earlier stock exchange announcements from AtlanticSapphire ASA ("Atlantic Sapphire" or the "Company") regarding the issuance ofaconvertible loan (the "Convertible Loan"), and to the extraordinary generalmeeting of the Company held on 30 September 2025 where the raise of theConvertible Loan was approved.The following primary insiders and close associates of primary insiders havesubscribed for participation in the Convertible Loan as set out below:- Strawberry Capital AS, a close associate of Kenneth Jarl Andersen, thechairman of the board of the Company, will participate in the Convertible Loanwith USD 4,088,130;- Nordlaks Holding AS, a close associate of Eirik Welde, deputy chairmanof theboard of the Company, will participate in the Convertible Loan with USD13,466,260- Condire Management L.P., a close associate of Detlef von Sehrwald,observer ofthe board of the Company, will participate in the Convertible Loan with USD31,082,927; - Pedro Courard, CEO, will participate in the Convertible Loan with USD57,500;- Gunnar Aasbø-Skinderhaug, Deputy CEO and CFO, will participate in theConvertible Loan with USD 57,500; and- Peter DeQuattro, COO, will participate in the Convertible Loan with USD28,750.The loan amounts set out above includes capitalizations for capitalization of;(i) a previously granted bridge loan and associated fees and interest; (ii) apreviously granted convertible loan of USD 20 million and incurred interestthereunder, and (iii) underwriting fee payable in connection with theConvertible Loan.Please refer to the attached notification forms for further information.For further information, please contact:Gunnar Aasbø-Skinderhaug, Atlantic Sapphire ASA, Deputy CEO/ CFO [email protected]@atlanticsapphire.comThis information is subject to the disclosure requirements pursuant to theMarket Abuse Regulation art. 19 and the Norwegian Securities Trading Actsection4-2 og 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 ...

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