Capsol Technologies ASA: Grant of employee share options

Oslo, Norway - 14 March 2024 Reference is made to the stock exchange announcement published by Capsol Technologies ASA on 4 January 2024 regarding the appointment of a new CEO. Wendy Lam, newly appointed CEO, has been granted a total of 850 000 share options in the company at a strike price of NOK 12.50. The options vest over a period of three years with 25% year one, 25% year 2 and 50% year 3. Each share option corresponds to one share. Please refer to the annual report 2022 for further details regarding the company’s option plan. For further information, please contact: Ingar Bergh Chief Financial Officer, Capsol Technologies ASA +47 926 20 330 ingar.bergh@capsoltechnologies.com This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. About Capsol Technologies Capsol Technologies is a carbon capture technology provider with a goal to accelerate the transition to a carbon negative future. The company’s energy-efficient, cost competitive, and environmentally friendly solutions are licensed out either directly to customers or through industrial partners globally. Key segments include cement, biomass, energy-from-waste, power generation and large industrial. Capsol is targeting significant long-term value creation with a scalable model with an ambition of 5-10% technology licensing market share in 2030. Capsol Technologies is listed on Euronext Growth Oslo, Norway (ticker: CAPSL). For more information visit capsoltechnologies.com.