Atlantic Sapphire ASA: Notice of Extraordinary General Meeting

About this update from Atlantic Sapphire Asa

Miami, FL, 9 September 2025Reference is made to the stock exchange notice by Atlantic Sapphire ASA (the"Company") on 31 August 2025 regarding, inter alia, the contemplated raise ofanew convertible loan of USD 31 - 35 million (the "Convertible Loan").In order to formally approve the Convertible Loan, the Company's Board ofDirectors (the "Board") hereby calls for an extraordinary general meeting tobeheld digitally on 30 September 2025 at 16.00 CET. The Board has also proposedtoapprove updated guidelines for salary and other remuneration to leadingpersonnel, to reduce the Company's share capital through reduction of the parvalue of the Company's shares and to grant and renew certain Boardauthorizations as well as propose a potential issue of independentsubscriptionrights in connection with a contemplated long-term incentive program.The notice with the full agenda is attached hereto in both Norwegian andEnglish.For further information, please contact:Pedro Courard, CEO, Atlantic Sapphire ASAGunnar Aasbo-SkinderhaugAtlantic Sapphire ASA, Deputy CEO/ CFO Email: [email protected], [email protected] 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.This information is subject to the disclosure requirements pursuant to Section5-12 the Norwegian Securities Trading Act.https://newsweb.oslobors.no/message/654984

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