Miami, FL ,January 14, 2022 Reference is made to the stock exchange announcement made byAtlantic Sapphire ASA (the "Company" or "Atlantic Sapphire ") onDecember 10, 2021 , regarding the Company's intent to amend and restate its First Half 2021 Financial Statements. Further reference is made to the stock exchange announcement onAugust 26, 2021 , regarding the First Half 2021 Report and Operational Update. Please find attached the amended and restated First Half 2021 Financial Statements. The amendment includes the reclassification of the Company's$50 million credit facility from a non-current to a current liability as ofJune 30, 2021 . The reclassification is based on IAS 1.74, Presentation of Financial Statements. Further,Atlantic Sapphire has amended its Declaration of Responsibility, its management report and added a note on related party transactions. For further information, please contact:Johan E. Andreassen Chairman ,Atlantic Sapphire ASA , and CEO,Atlantic Sapphire USA LLC ; Karl Øystein Øyehaug Managing Director,Atlantic Sapphire ASA , and Chief Financing Officer,Atlantic Sapphire USA LLC investorrelations@atlanticsapphire.com AboutAtlantic Sapphire ASA Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming, locally, and transforming protein production, globally.Atlantic Sapphire has been operating its innovation center inDenmark since 2011 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 has identified and obtained the requisite permits to construct its Bluehouse® in the ideal location inHomestead, Florida , just south ofMiami . The Company has completed Phase 1 construction, 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 targeted harvest volume in 2031 of 220,000 tons.
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