Capsol Technologies ASA announces resignation of board member

Oslo, Norway – April 19, 2024


Capsol Technologies ASA, a provider of carbon capture technologies to large
emitters, today announced that Einar Chr. Lange will resign as a board member
following the Annual General Meeting on May 8, 2024.

Lange, who has reached 81 years of age, has served as a board member of Capsol
since 2015 and is the largest shareholder in the company with 17.89% of the
outstanding shares.

"It has been a pleasure serving as a board member of Capsol Technologies where
I’ve enjoyed working with an exceptional team of highly competent and driven
colleagues. I am grateful and proud, seeing what the company has achieved the
last 5 years, and I am looking forward to following the company's journey
towards global deployment of its safe and cost-efficient carbon capture
technologies, accelerating the path to net zero,” said Lange.

Following Lange’s resignation, Capsol’s board will consist of five members
including two female directors, fulfilling the regulatory requirements for
Norwegian ASA companies.

"Einar has been a key driver behind the development of Capsol Technologies from
being a local Norwegian carbon capture technology start-up to now entering the
global scale-up phase. On behalf of the entire board and organization, I would
like to thank him for his valuable contributions. As we embark on this next
phase of building a globally leading carbon capture technology provider, I look
forward to Einar’s continued support as a large shareholder," said Endre Ording
Sund, Chairman of Capsol Technologies.


For further information, please contact:
Endre Ording Sund
Chairman of the Board, Capsol Technologies ASA
+47 458 00 400
endre.ording.sund@capsoltechnologies.com



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.

To receive Capsol’s stock exchange and press releases via email, subscribe at
capsoltechnologies.com/investors

 

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