Atlantic Sapphire ASA – Disclosure of large shareholdings

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, JAPAN, HONG KONG, NEW ZEALAND, SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Miami, Florida, 26 June, 2026 Reference is made to earlier stock exchange notices released by Atlantic Sapphire ASA ("Atlantic Sapphire" or the "Company", and together with its consolidated subsidiaries, the "Group") regarding the Company's financing situation and the contemplated restructuring of the Group, e.g. the stock exchange notice dated 23 May 2026 regarding the entry into the Restructuring Agreement, and the stock exchange notice published earlier today regarding an update on the offer from Coral HoldCo AS ("Coral Holding"). As part of such restructuring, the Investor Group (as defined below) has today, 26 June 2026, transferred all of their shares in the Company to Coral Holding (the "Transaction").

Coral Holding is a joint investment company established by a group of the Company's largest shareholders and convertible loan holders, consisting of; (i) Condire Management L.P, (ii) Nordlaks Holding AS, (iii) Nokomis Capital Master Fund L.P., (iv) Strawberry Capital AS, and (v) Joh. Johannson Eiendom AS (jointly, the "Investor Group").

Following completion of the Transaction, Coral Holding holds 22,799,132 shares in the Company, corresponding to 63.58% of the shares and votes in the Company.

Following completion of the Transaction, the following shareholders will reduce their respective shareholdings in the Company, and, as a result, each of the shareholders will fall below the 5% threshold pursuant to section 4-2 of the Norwegian Securities Trading Act as follows:

- Condire Management, L.P. has transferred 5,787,271 shares in the Company (representing 16.14% of the issued shares and votes prior to the Transaction) to Coral Holding, and thereafter hold no shares in the Company. - Nokomis Capital Master Fund L.P has transferred 4,913,249 shares in the Company (representing 13.70% of the issued shares and votes prior to the Transaction) to Coral Holding, and thereafter hold no shares in the Company. - Nordlaks Holding AS has transferred 5,787,957 shares in the Company (representing 16.14% of the issued shares and votes prior to the Transaction) to Coral Holding, and thereafter hold no shares in the Company. - Strawberry Capital AS has transferred 3,248,416 shares in the Company (representing 9.06% of the issued shares and votes prior to the Transaction) to Coral Holding, and thereafter hold no shares in the Company. - Joh. Johannson Eiendom AS has transferred 3,062,239 shares in the Company (representing 8.54% of the issued shares and votes prior to the Transaction) to Coral Holding, and thereafter hold no shares in the Company.

Contacts For further information, please contact:

Gunnar Aasbø-Skinderhaug, Atlantic Sapphire ASA, Deputy CEO/ CFO Gunnar@atlanticsapphire.com

Investorrelations@atlanticsapphire.com

This announcement is made in accordance with the Norwegian Securities Trading Act Section 4-2.