Atlantic Sapphire ASA First Half 2026 Results: Steady improvements in parallel with financial restructuring of the company

Miami, August 31, 2026

Highlights from the first half of 2026: • Improved EBITDA and operating performance driven by higher harvest volumes, stronger biological performance and lower operating costs. • H1 2026 harvest volume increased 14% year over year, driven by improved biological conditions and stronger growth • Standing biomass at period end was 3 592 tons LWE, up from 3 235 tons same period last year. • Realized sales price increased despite volatility in global salmon commodity prices, underscoring the differentiated nature of the Bluehouse™ offering . • Cash used in operations improved significantly year-over-year driven by higher revenues and lower operating costs. Maintained compliance with lending covenants under the amended 2020 Credit Facility. • The Company secured additional liquidity (USD 20 million) through restructuring agreement and bridge financing while continuing efforts to raise up to USD 26 million of new equity capital. • Coral HoldCo launched a mandatory tender offer and announced intentions to seek full ownership and delisting of the Company, subject to approvals and completion of the transaction. The preliminary results indicate that the offeror has received acceptances under the offer for a total of 2,341,744 shares, representing approximately 6.53% of the total number of shares of the company, bringing Coral HoldCo to a total ownership of 68.73%.

Subsequent events: • On July 30th, Coral HoldCo AS, a company owned by a group of five investors holding approximately 62% of the shares in the Company, launched a recommended, unconditional mandatory offer for the remaining 13,552,809 shares in the Company not owned by Coral HoldCo AS. The offer price was NOK 0.80 per share and the offer period ended August 28th. Pareto has issued its statement on the Offer dated 31 July 2026, concluding that the Offer is fair from a financial point of view. The Offer is unanimously recommended by the Qualified Board based on the offer price and the other terms of the Offer. The preliminary results indicate that the offeror has received acceptances for 6.53% of the total number of shares of the company, bringing Coral HoldCo to a total ownership of 68.73%. • On August 24th, the Group announced that to facilitate the refinancing of the Group, the Maturity date for the Bridge Loan and Additional Bridge Loan has been extended from 31 August 2026 to 31 October 2026. Also, to improve the Company's liquidity situation, the Company has agreed with Condire Management L.P., Nordlaks Holding AS, Strawberry Capital AS, Nokomis Capital and Joh. Johannson Eiendom AS to increase the size of the previously issued USD 10 million (the "Additional Bridge Loan") by USD 1.5 million (the “Increase”). The Increase will be governed by materially the same terms and conditions as the Bridge Loan but will not be subject to an origination fee and will have an interest rate of 20% p.a. and a Maturity Date of 30 June 2027. • On August 24th, the Additional Bridge Loan of USD 10 million plus origination fee and accrued interests, totaling USD 12 million, was transferred from Condire Management L.P., Nordlaks Holding AS, Strawberry Capital AS and Joh. Johannson Eiendom AS to Coral HoldCo with the ambition to convert the loan into equity at the same share price of NOK 0.10 as the planned equity issue described in the financial restructuring agreement that the company entered into on May 23rd. • On August 25th, the Group issued a notification for an EGM to approve the conversion of the Bridge Loan into equity at NOK 0.10 per share.

If the EGM approves the conversion of the bridge loan, the investor group intends to acquire all the shares in the Company, and the Company intends to apply for de-listing from the Oslo Stock Exchange.

Comment from CEO Pedro Courard: During the first half of 2026, the Company continued to implement measures to improve the capacity and efficiency of the Bluehouse. In the first half the Company commissioned improved CO2 degassing and biofiltration capacity on all ongrowing systems on the farm which have improved water quality. Daily feeding has increased, which has driven increased harvest volumes compared to the same period last year, and we closed the half year with higher biomass than any time before. The Company also commissioned a new water-cooling system that significantly improves efficiency, reduces risk and cost of equipment and energy.

For further information, please contact: Pedro Courard, CEO, Atlantic Sapphire ASA

Gunnar Aasbo-Skinderhaug Atlantic Sapphire ASA, Deputy CEO/ CFO Email: 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 is currently developing its Phase 2 expansion, which will bring total annual production capacity to 25,000 tons and has a long-term targeted harvest volume of >100,000 tons.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This information was submitted for publication, through the agency of the contact persons set out above, on the time and date provided.