Capsol Technologies will hold an Extraordinary General Meeting 27 September 2023 – Proposal for two new board members and changing form of incorporation from AS to ASA

Oslo, Norway – 12 September 2023


The Board of Directors of Capsol Technologies AS (the "Company") calls for an
extraordinary general meeting to be held on Wednesday 27 September 2023 at 14:00
hours (CEST).

Reference is made to the press release 24 July 2023. The Board has decided to
nominate two new board members, and the Board proposes to change the Company’s
form of incorporation from AS to ASA to be compliant with the requirements to be
accepted at the Oslo Stock exchange main board.

The nominated two new Board members are:

Ellen Merete Hanetho has extensive experience from executive positions in
investment banking and private equity in corporations such as Frigaard Invest,
Credo Partners, Goldman Sachs Investment Banking Division in London and New
York, and the Brussels Stock Exchange and Citibank in Brussels. She is founder
and chairperson of Cercis, a cleantech investment company established in 2020.
Ms. Hanetho holds a BSBA from Boston University and an MBA from Solvay
University, in addition to executive training from INSEAD and Harvard Business
School. Ellen has substantial experience from several board positions including
chairman of the board of Hydrogenpro ASA, Fleks AS and Mer AS, and board member
of Kristian Gerhard Jebsen Group Limited, Stokke Industri AS, Kongsberg
Automotive ASA, Eqva ASA and MPC Container Ships ASA.

Wendy Lam has an extensive career as a top executive with strong results from
international and listed companies such as Baker Hughes, where she was
responsible for Systems & Technology - Strategic Partnerships,
Commercialization, and Rolls-Royce Marine (now Kongsberg Maritime). Ms Lam is
Chair of Heaten AS and has an MBA from INSEAD/The Wharton School, a Certificate
from the Tuck Executive Leadership Program from Dartmouth College, degrees in
mechanical/industrial engineering from University of Waterloo & University of
Toronto, and a Black Belt Six Sigma Lean certification from GE. Ms Lam will be
joining Capsol’s Board of Directors effective as of 30 September 2023.

The notice of the extraordinary general meeting, including the agenda and the
Board of Director's proposed resolutions, is attached hereto and is also sent to
the Company's shareholders.

The meeting will be conducted as a virtual meeting only, accessible online via
Lumi AGM. All shareholders will be able to participate in the meeting, vote and
ask questions from smartphones, tablets or desktop devices. For further
information regarding electronic participation, please refer to the guide
available at capsoltechnologies.com/.

No pre-registration is needed for attending online, but attendees must be logged
in before the meeting starts. Deadline for registration of proxies is Tuesday 26
September 2023 at 14:00h CEST.



For further information, please contact:

Endre Ording Sund
Chairman Board of Directors, Capsol Technologies AS
+47 458 00 400
endre.o.sund@gmail.com



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 solution is
licensed out either directly to customers or through industrial partners
globally. Key target segments include cement, biomass, energy-from-waste, power
generation and large industrial. Capsol Technologies is listed on Euronext
Growth Oslo, Norway (ticker: CAPSL). For more information, visit
capsoltechnologies.com.

 

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