Miami, FL, May 16, 2024

Reference is made to existing share option program, as described in the
Remuneration Policy of Atlantic Sapphire ASA (the "Company"), which is available
on www.atlanticsapphire.com. The Board of Directors of the Company has now
granted a total of 3,000,000 to Atlantic Sapphire USA LLC employees, as part of
the existing share option program. The options have been distributed by the
Board of Directors to a total of 38 key employees. This option award comes in
addition to the proposed share option award to Mr. Pedro Courard, as announced
on 14 May 2024.

All options awarded have a strike price of NOK 1.15 (a 6.5% premium to the last
closing price of the Atlantic Sapphire shares) and an expiration date of May 16,
2029. Further, all options have a four-year vesting period (with 25% of the
total options vesting each year).

Each option gives the holder the right upon exercise to purchase one new share
in the Company.

The following primary insiders of the Company has been allocated share options:

-	Mario Palma, Chief Operating Officer, has been granted 300,000 share options,
each with a strike price of NOK 1.15;
-	Svein Taklo, Chief Development & Infrastructure Officer, has been granted
300,000 share options, each with a strike price of NOK 1.15; and
-	Valerie Leath, HR Director, has been granted 110,000 share options, each with
a strike price of NOK 1.15.

Further information with regards to the allocation to primary insiders is
included in the attached notification forms. 

The Company has 1,121,084,415 shares outstanding.

For further information, please contact: 

Johan E. Andreassen, CEO; 

or 

Karl Øystein Øyehaug, CFO 

investorrelations@atlanticsapphire.com

This information is subject to the disclosure requirements pursuant to the
Market Abuse Regulation art. 19 and the Norwegian 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 Sapphire
operated its innovation center in Denmark 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 in Homestead, Florida, just south of Miami. 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 in September 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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