Atlantic Sapphire ASA – Update on previously announced financing requirement and change of publication date for Annual Financial Accounts

Miami, Florida, March 23, 2026

Reference is made to the stock exchange notice released by Atlantic Sapphire ASA (“Atlantic Sapphire” or the “Company”) on February 6, 2026 whereby the Company informed that it was evaluating options to secure necessary liquidity. Since then, Atlantic Sapphire has continued to refine its budgets and concluded that, based on an elevated level of market uncertainty and required buffer, the Company needs USD 25-30 million in order to have sufficient headroom to be able to achieve EBITDA break-even on its Phase 1 operations.

The Company is progressing discussions with its largest shareholders and key stakeholders to secure such financing. Although the Company expects to reach an agreement with the relevant parties, no conclusion has been reached to date. Based on the current state of negotiations, the Board of Directors of Atlantic Sapphire believe it is reasonable, with significant revisions to the Company’s capital structure, to be able to attract and secure new capital to the business.

If the Company has not been able to resolve its near-term liquidity requirement by March 31, 2026, it will be in technical default of certain of its agreements with lenders.

In connection with the financial calendar amendment published today, the Company has extended its current closed period to facilitate that certain key shareholders may enter into an agreement regarding the financing of the Company. As a result, the publication date for the Annual Financial Accounts for the financial year ending 31 December 2025 has been amended from 23 April 2026 to 30 April 2026. All other dates in the financial calendar remain unchanged.

The Company will share further information in due course. 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 is subject to the disclosure requirements pursuant to the Market Abuse Regulation 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.