Capsol Technologies ASA: First day of trading

Oslo, Norway – June 19, 2024


NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN
OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS,
ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) (THE
"UNITED STATES"), AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION
OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN, SOUTH AFRICA OR ANY OTHER
JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.


Reference is made to the stock exchange announcement published by Capsol
Technologies ASA (the "Company") on June 5, 2024, regarding the successful
placement of a retail offering to the public in Norway and Sweden (the “Retail
Offering”) of up to 2,250,000 new shares (the “Offer Shares”), and the stock
exchange announcement on May 25, 2024, regarding the approval and publication of
the Company's prospectus prepared in connection with the Retail Offering and the
uplisting of the Company’s shares to the Oslo Stock Exchange.

As of today, all of the Company’s shares, including the Offer Shares, are
tradable on the Oslo Stock Exchange.

“As one of very few listed pure-play carbon capture companies globally, Capsol
Technologies offers lower costs, reduced project risk and easier permitting for
large CO2-emitters. We are experiencing accelerating demand for our technology
in Europe and are now taking our highly scalable business model to North America
– the world’s largest carbon capture market. Our ambition is to build a globally
leading carbon capture technology provider, and by listing on the main board of
Euronext Oslo Børs we make our value creation journey more accessible to
international investors,” said Wendy Lam, CEO of Capsol Technologies.

As at first day of trading on the Oslo Stock Exchange, the Company has a total
of 62,788,669 shares outstanding, each with a par value of NOK 0.5.


Advisors
Pareto Securities AS and SpareBank 1 Markets AS are acting as Joint Global
Coordinators and Joint Bookrunners in the Retail Offering (the “Managers”).
Nordnet Bank AB is acting as Placing Agent in the Retail Offering.

CMS Kluge Advokatfirma AS is acting as legal advisor to the Company.


For further information, please contact:
Ingar Bergh
Chief Financial Officer, Capsol Technologies ASA
ingar.bergh@capsoltechnologies.com
+47 926 20 330


About Capsol Technologies
Capsol Technologies ASA is a carbon capture technology provider with a goal of
accelerating the transition to a net zero future. The company offers a carbon
capture and heat recovery system in one for superior efficiency with a proven
and safe solvent, which is licensed either directly to customers or through
industrial partners globally. Key segments include cement, biomass,
energy-from-waste, and gas turbines. Capsol Technologies is listed on Euronext
Growth Oslo (ticker: CAPSL). For more information visit capsoltechnologies.com.



Important information
This announcement is not an offer to sell or a solicitation of any offer to buy
any securities of Capsol Technologies ASA. The contents of this announcement
have been prepared by and are the sole responsibility of the Company. The
information contained in this announcement is for background purposes only and
does not purport to be full or complete. No reliance may be placed by any person
for any purpose on the information contained in this announcement or its
accuracy, fairness or completeness.

Copies of this announcement are not being made and may not be distributed or
sent into any other jurisdiction than Norway and Sweden, including but not
limited to the United States of America, Australia, Canada.

Any offering of the securities referred to in this announcement will be made by
means of a prospectus. This announcement is not a prospectus for the purposes of
Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14
June 2017 on the prospectus to be published when securities are offered to the
public or admitted to trading on a regulated market, and repealing Directive
2003/71/EC (together with any related implementing and delegated regulations,
the “Prospectus Regulation”). Investors should not invest in any securities
referred to in this announcement except on the basis of information contained in
the aforementioned prospectus.

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the “Securities
Act”), and accordingly may not be offered or sold in the United States absent
registration or an exemption from the registration requirements of the
Securities Act and in accordance with applicable U.S. state securities laws. The
Company does not intend to register any offering in the United States or to
conduct a public offering of securities in the United States.

Copies of this announcement are not being, and should not be, distributed in or
sent into the United States (including its territories and possessions, any
State of the United States and the District of Columbia), Australia, Canada or
Japan. The securities described herein have also not been and will not be
registered under the applicable securities laws of the United States, Australia,
Canada or Japan and, subject to certain exemptions, may not be offered or sold
in or into or for the account or benefit of any person having a registered
address in, or located or resident in the United States, Australia, Canada or
Japan. There will be no public offering of the securities described herein in
the United States, Australia, Canada or Japan.

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as “believe,” “expect,” “anticipate”,
“intends”, “estimate”, “will”, “may”, “continue”, “should” and similar
expressions. The forward-looking statements in this release are based upon
various assumptions, many of which are based, in turn, upon further assumptions.
Although the Company believes that these assumptions were reasonable when made,
these assumptions are inherently subject to significant known and unknown risks,
uncertainties, contingencies and other important factors which are difficult or
impossible to predict and are beyond its control. Such risks, uncertainties,
contingencies and other important factors could cause actual events to differ
materially from the expectations expressed or implied in this release by such
forward-looking statements. The information, opinions and forward-looking
statements contained in this announcement speak only as at its date and are
subject to change without notice. Neither the Company nor the Managers undertake
any obligation to review, update, confirm or release publicly any revisions to
any forward-looking statements to reflect events that occur or circumstances
that arise in relation to the content of this communication.

The Managers are acting exclusively for the Company and no one else in
connection with the Retail Offering. It will not regard any other person as its
clients in relation to the planned Retail Offering and will not be responsible
to anyone other than the Company for providing the protections afforded to its
clients, nor for providing advice in relation to the offering, the contents of
this announcement or any transaction, arrangement or other matter referred to
herein.

None of the Managers or any of its directors, officers, employees, advisers or
agents accepts any responsibility or liability whatsoever for or makes any
representation or warranty, express or implied, as to the truth, accuracy or
completeness of the information in this release (or whether any information has
been omitted from the release) or any other information relating to the Company,
whether written, oral or in a visual or electronic form, and howsoever
transmitted or made available, or for any loss howsoever arising from any use of
this release or its contents or otherwise arising in connection therewith.

 

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