Quantafuel

Share Issue/Capital Change • Mar 18, 2022

Quantafuel ASA | Share issue under option program

Quantafuel ASA | Share issue under option program

Reference is made to the annual general meeting of Quantafuel ASA (the "Company") held on 28 May 2021 where the board of directors was authorised to increase the share capital in connection with the Company's share option program. As a result of exercise of options by one participant in the program, the board has resolved to increase the Company's share capital with NOK 133.33, by the issuance of 13,333 new shares, each with a par value of NOK 0.01.

For further queries, please contact:

Lars Rosenløv, CEO +47 93018040

Kristian Flaten, CFO +47 95092322

About Quantafuel | https://quantafuel.com

Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation, and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by André Moe Bakke, IR, on 18 March 2022 at CET 10:00.