Miami, FL ,12 April 2024 Reference is made to the stock exchange notice byAtlantic Sapphire ASA ("Atlantic Sapphire " or the "Company") on8 April 2024 regarding the resolution made by the Company's board of directors to issue 15,356,243 new shares at subscription price ofNOK 1.20 per new share, each with a par value ofNOK 0.10 (the "New Shares"), to settle the underwriting commission to certain underwriters in connection with the private placement announced by the Company on29 February 2024 . The share capital increase related to the issuance of the New Shares has today been registered in theNorwegian Register ofBusiness Enterprises . The Company's new registered share capital isNOK 112,108,441.5 , divided into 1,121,084,415 shares, each with a nominal value ofNOK 0.10 . For further information, please contact:Johan E. Andreassen , CEO; or Karl Øystein Øyehaug, CFO investorrelations@atlanticsapphire.com 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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