Bergen Carbon Solutions AS

Board/Management Information • May 3, 2022

Bergen Carbon Solutions AS: Jan B. Sagmo resigns as CEO of Bergen Carbon Solutions

Bergen Carbon Solutions AS: Jan B. Sagmo resigns as CEO of Bergen Carbon Solutions

(Bergen, 3 May 2022) Bergen Carbon Solutions AS (Bergen Carbon Solutions/BCS, OSE:BCS)

Bergen Carbon Solutions announces today that Jan B. Sagmo has resigned from his position as CEO, due to health-related issues. Co-founder and COO Finn Blydt-Svendsen will step into the position as interim CEO with immediate effect. The Board will initiate the hiring process for a permanent CEO immediately.

- Together with co-founder Finn Blydt-Svendsen, Jan has turned a brilliant thesis into a listed company with a ground-breaking technology. The Board is thankful for Jan’s dedication and value creation over the six years since he founded the company together with Finn in 2016. We are also confident that Finn possesses the necessary insights and experience to secure further progress for BCS together with a competent management team. Therefore, we do not expect project delays going forward, says Dag Skansen, Chairman of the Board of Directors of Bergen Carbon Solutions.

Sagmo owns 2.280.000 shares in Bergen Carbon Solutions. The shares are subject to a lock-up expiring in December 2022.

- I have recently been facing some health issues, and the responsibilities of being CEO of Bergen Carbon Solutions are not compatible with my current health condition. Stepping down as CEO is the best decision for me, the company, the employees, our shareholders. I am confident that my good friend and co-founder Finn and the management team will continue Bergen Carbon Solutions’ ambitious journey with full strength, says Jan B. Sagmo.

For further information, please contact:

Dag Skansen, Chairman, dag.skansen@skansenholding.no, +47 909 57 585

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

About Bergen Carbon Solutions | www.bergencarbonsolutions.com |

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