Miami, Florida, 27 March 2026

Reference is made to the stock exchange notice released by Atlantic Sapphire ASA
("Atlantic Sapphire" or the "Company") on 23 March 2026 regarding the Company's
financing requirement and ongoing discussions with its largest shareholders and
key stakeholders.

The Company has received an indicative offer for a bridge loan (the "Bridge
Loan") with a group of shareholders and convertible lenders (the "Investor
Group")  as part of an indicative offer for a comprehensive refinancing of the
Company (the "Potential Refinancing").  The Investor Group represents
approximately 63% of the shares and 93% of the Company's outstanding convertible
loan (the "Convertible Loan").

The Bridge Loan and the Potential Refinancing are subject to final agreement. A
number of elements of the Potential Refinancing will require amendments to the
articles of the Company and the approval of the general meeting of the Company
with the requisite majority.

The Bridge Loan
The Bridge Loan is in the amount of up to USD 10 million, divided into two
tranches, and carries an interest rate of 12% per annum with an origination fee
of 15% of the principal. If agreed, the first tranche is expected to be
disbursed on or about 30 March 2026. The Bridge Loan matures on 15 May 2026,
subject to extension if the parties reach agreement on the Potential
Refinancing. The disbursement of the Bridge Loan is subject to certain
conditions, including the consent of DNB Bank ASA as the Company's senior lender
and certain amendments to the Company's existing Convertible Loan and the
Company's indicative support of the Potential Refinancing.

The Potential Refinancing
As per a report provided by the Company's independent financial advisors, the
fair enterprise value of the Company is in the range of USD 25-75 million. The
Company has financial debt in excess of USD 114 million.

The Potential Refinancing sets out the framework for a comprehensive refinancing
agreement between the Company and the Investor Group, which, subject to
contract, includes the following key components:

o	Voluntary tender offer: The Investor Group would, through a special purpose
vehicle ("SPV"), put forth a voluntary offer satisfying the terms and conditions
of a mandatory offer (the "Tender Offer") to the existing shareholders of the
Company (excluding the members of the Investor Group) to purchase, subject to
applicable securities laws, all of the shares in the Company at an offer price
of NOK 0.5 per share.
o	Rights issue: Following completion of the Tender Offer, unless the Tender
Offer would result in the Company's shares being de-listed from Euronext Oslo
Børs (the "OSE"), the Company would carry out a rights issue at a per share
subscription price of NOK 0.1 for gross proceeds of a NOK amount equal to USD 15
million (the "Rights Issue"). Transferable subscription rights would not be
issued. 
o	Equitization of the Bridge Loan: If the Company and the Investor Group enter
into binding agreements with respect to the Potential Refinancing, the Bridge
Loan, unless the Bridge Loan has been previously repaid, shall be converted to
equity at the same price per share as in the Rights Issue (NOK 0.1).
o	Amendments to the Convertible Loan: The Investor Group would agree to write
off 23% of their 93% of the Convertible Loan and subsequently convert it into
shares at the same price per share as in the Rights Issue (NOK 0.1). The holders
of the remaining Convertible Loan would be granted an option to convert their
loan at the same terms.

Effect on existing shareholders
A refinancing in accordance with the Potential Refinancing would result in
significant changes to the Company's capital structure, substantial dilution and
could lead to a compulsory acquisition of existing shareholders.

The board notes that the Company's shares currently trade at price levels that
do not reflect the value of the Company's equity as appraised by the Company's
independent advisors, and hence also at price levels far exceeding the price
levels at which the transactions contemplated above would be carried out.

The Company is discussing the terms and conditions of the Bridge Loan and the
Potential Refinancing with the Investor Group.

Arctic Securities has been engaged as financial advisor to the Company to
support work towards a long-term financing solution. Further updates will be
provided when available.

In line with its fiduciary duties, the Board will continue to evaluate all
available alternatives to secure the best possible outcome for the Company and
its stakeholders, and welcomes engagement from any parties who may be able to
contribute to a successful refinancing.

For further information, please contact:
Gunnar Aasbø-Skinderhaug, Deputy CEO/CFO,
gunnar@atlanticsapphire.com,
investorrelations@atlanticsapphire.com

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 up to approximately
7,500-8,500 tons (HOG) of salmon annually. The Company completed its first
commercial harvest in the US in September 2020. Atlantic Sapphire's Phase 2
expansion, will bring total annual production capacity to 25,000 tons and the
Company has a long-term targeted harvest volume of >100,000 tons.

This information constitutes inside information as defined in the EU Market
Abuse Regulation (MAR), is subject to the disclosure requirements pursuant to
the MAR and the Norwegian Securities Trading Act section 5-12. This stock
exchange release was published by Gunnar Aasbø-Skinderhaug, at the time and date
set out above.