Miami, FL ,May 28, 2024 Reference is made toAtlantic Sapphire ASA's ("Atlantic Sapphire " or the "Company") stock exchange announcement on3 May 2024 with key information relating to the reverse share split in the ratio of 10:1 as resolved by the Company's annual general meeting on23 May 2024 (the "AGM"). Both the AGM's resolution to issue 5 new shares in the Company to facilitate the reverse share split and the reverse share split itself have now been registered with theNorwegian Register ofBusiness Enterprises (Norwegian: Foretaksregisteret). Following such registration, the Company's share capital isNOK 112,108,442 , divided into 112,108,442 shares, each with a par value ofNOK 1.00 . 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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