Bergen Carbon Solutions AS

Remuneration Information • Apr 9, 2024

Bergen Carbon Solutions AS – primary insider stock options grants

Bergen Carbon Solutions AS – primary insider stock options grants

(Bergen, 09 April 2024: Bergen Carbon Solutions AS (BCS, OSE: BCS)

Bergen Carbon Solutions AS has on April 09th granted 505,000 stock options to employees at a strike price of NOK 8.1086 per share. The strike price for the options granted is based on the volume-weighted average price for the 10 trading days before award date.

First 30% of the vested options can be exercised after two years, remaining 70% can be exercised after three years. Expiry date for all options is after five years (April 2029). Each stock option corresponds to one share.

The following primary insiders of Bergen Carbon Solutions have been awarded stock options as part of the grant:

• Karina Brudeseth, CFO: 35,000 options

• Håvard Husby, CTO: 35,000 options

• Fredrik Øksnes, CCO: 35,000 options

• Hammad Majeed, CIRO: 35,000 options

After this award:

• Brudeseth, CFO, holds 165,000 stock options

• Husby, CTO, holds 165,000 stock options, and 20,000 shares

• Øksnes, CCO, holds 165,000 stock options

• Majeed, CIRO, holds 165,000 stock options

in Bergen Carbon Solutions AS

Bergen Carbon Solutions have granted a total of 2,619,000 stock options under the program to employees and primary insiders.

ENDS

For further information, please contact:

Odd Strømsnes, CEO os@bergencarbonsolutions.com + 47 480 88 571

Karina Brudeseth, CFO, karbru@bergencarbonsolutions.com, +47 413 43 381

This information is subject to the disclosure requirements in articles 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.