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Atlantic Sapphire ASA – Evaluating financing to support continued execution toward EBITDA breakeven Stocks master_of_puppetsFri 06/02/2026 - 04:44 NO0013464750 NO0013340802 06/02/2026 - 04:42 Oslo Atlantic Sapphire ASA – Evaluating financing to support continued execution toward EBITDA breakeven Additional regulated information required to be disclosed under the laws of a Member State 90000-665012 Oslo Børs Newspoint Atlantic Sapphire ASA Euronext Oslo Børs Published 45102010 Farming, Fishing, Ranching and Plantations XOSL XOSL Language English Miami, Florida, February 5, 2026Atlantic Sapphire ASA (along with its subsidiaries, the “Company”) refers to thestock exchange release dated 31 August 2025 and subsequent disclosures regardingthe Company’s operational turnaround, liquidity position and Phase 1 executionplan.Over the past 18 months, the Company has executed a comprehensive operationaland organizational turnaround across production, processing and commercialoperations, delivering substantial measurable improvements. Compared with 2024,harvest biomass increased from 4,365 tons HOG to 5,096 tons in 2025, and averageharvest weight increased from 1.7 kg to 2.9 kg HOG. Commercial executionimproved with superior-grade share increasing from 36% to 81% and average priceincreasing from $5.1/kg HOG equivalent to $8.3/kg. Biological performance hasbeen stable with robust indicators on mortality, feed conversion ratio and waterquality. In parallel, the Company has reduced its cost base and improvedoperational efficiency across the organization. This is supported by the phasedimplementation of increased biofiltration and degassing capacity, withmeaningful effects to be realized as these measures are progressively broughtfully into operation, and a continued focus on operational discipline andexecution.While underlying operational developments are positive, the Company’s cash flowdevelopment remains impacted by the timing of operational improvements, workingcapital requirements and certain deviations in harvest volumes and averageharvest weights, including during the fourth quarter of 2025. Certain costreduction and efficiency initiatives have taken longer than initially assumed tofully materialize, and the Company’s financial development remains sensitive toexecution timing and market conditions. Based on updated cash flow projections, including the timing of operationalimprovements and working capital requirements, Atlantic Sapphire will requireadditional capital in the range of USD 15-25 million to support continuedexecution of the Company’s Phase 1 plan and to ensure sufficient liquidityheadroom over the planning horizon, while preserving appropriate financialflexibility. The Board and management are in discussions with the Company’s largestshareholders regarding potential funding alternatives. The Company remainsfocused on continued operational improvements, disciplined cash management andexecution of its Phase 1 plan.The Company’s revised business plan targets approximately 7,000 tons harvestvolume in 2026, rising toward 7,500–8,500 tons thereafter with furtheroptimization of Phase 1. With Phase 1 delivering strong operational results,Atlantic Sapphire is positioned to complete its turnaround and unlock the nextstage of value accretive growth.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 2011until 2021 with a strong focus on R&D and innovation to equip the Company withthe technology and procedures that enable the Company to commercially scale upproduction in end markets close to the consumer. In the US, the Company holds the requisite permits and patents to construct itsBluehouse® in an ideal location in Homestead, Florida, just south of Miami. TheCompany's Phase 1 facility is in operation, which provides the capacity toharvest up to approximately 7,500-8,500 tons (HOG) of salmon annually. TheCompany completed its first commercial harvest in the US in September 2020.Atlantic Sapphire is currently developing its Phase 2 expansion, which willbring total annual production capacity to 25,000 tons and has a long-termtargeted harvest volume of >100,000 tons. This information is subject to the disclosure requirements pursuant to theMarket Abuse Regulation art. 19 and the Norwegian Securities Trading Act section4-2 and 5-12.More information:Access">https://newsweb.oslobors.no/message/665012">Access the news on Oslo Bors NewsWeb site ATLANTIC SAPPHIRE ATLANTIC SAPPHIRE ASA TR Atlantic Sapphire ASA 232587 NO0013464750-XOSL NO0013340802-XOSL ASA ASAS