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Atlantic Sapphire ASA - update on proposals to the EGM

Atlantic Sapphire
Reference is made to the notice of the extraordinary general meeting in Atlantic
Sapphire ASA (the "Company") published on 9 September 2025, and to earlier stock
exchange notices regarding the contemplated convertible loan with gross cash
proceeds of approximately USD 35 million (the "Convertible Loan").

Following allocation of subscriptions in the Convertible Loan, the Company's
Board of Directors proposes that the size of the Convertible Loan is set to a
total of USD 59,246,066. This amount includes capitalizations for capitalization
of
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