Bergen Carbon Solutions AS

Earnings Release • Aug 24, 2022

BCS: Financial results for the first half of 2022

BCS: Financial results for the first half of 2022

(Bergen, 24 August 2022) Bergen Carbon Solutions AS (Bergen Carbon Solutions, OSE: BCS)

reported an operating loss of NOK 28.2 million in the first half of 2022. The company continues the development of our first full scale factory and the planned expansion of the organization.

Finn Blydt-Svendsen, Interim Chief Executive Officer of Bergen Carbon Solutions commented: “The first half of 2022 has been busy, where we have both finalized the installation at our Test Center at Flesland, delivered the CO₂ capture module for the BIR project, and made our first investment decision to build a factory in Høyanger.

We are focusing our commercial efforts towards several sectors, and in particular the battery industry where global demand is expected to significantly increase over the next decade. We aim to become an integrated part of the battery industry value chain.

As the company moves towards full-scale factory production, our new Chairman Jon André Løkke’s entry with industrial experience will be highly valued.”

A Presentation will be available on the following link at 08:00 CET.

Link to webcast: https://vimeo.com/event/2371759/2beee929ce

For further information, please contact:

Finn Blydt-Svendsen, Interim CEO, fbs@bergencarbonsolutions.com, +47 930 40 797

Fredrik Øksnes, CCO, fredrik.oksnes@bergencarbonsolutions.com, +47 975 67 318

ENDS

About Bergen Carbon Solutions | www.bergencarbonsolutions.no

Bergen Carbon Solutions uses innovative technology to produce carbon-nanofibers,

using CO₂ and Norwegian hydropower. This makes the production unique and

environmentally friendly. Bergen Carbon Solutions is listed on Euronext Growth

under the ticker BCS.