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Desert Control AS

Share Issue/Capital Change Mar 8, 2022

3577_dirs_2022-03-08_d5e7ac7c-8c7a-481e-adde-8684a17b363a.html

Share Issue/Capital Change

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DSRT: Exercise of employee share options and share capital increase

DSRT: Exercise of employee share options and share capital increase

Sandnes, Norway, 8 March 2022: Participants in Desert Control AS' ("Desert Control" or the "Company") share option incentive program have on 8 March 2022 exercised a total of 375,040 options at a strike price of NOK 0.003. Each option gives a right to subscribe one share in the Company.

Following the exercise, the Board of Directors, pursuant to the authorization granted by the Company's Annual General Meeting, has decided to increase the Company’s share capital by NOK 1,125.12 by issuing 375,040 new shares of par value NOK 0.003. Subsequent to the transaction, Desert Control's share capital will be NOK 123,299.037 divided into 41,099,679 shares, each share having a par value of NOK 0.003 and carrying one vote in the Company’s general meeting.

The following shares are subscribed by primary insiders:

- 240,000 shares are subscribed by primary insider of the Company Ole Kristian Sivertsen, CEO

- 60,000 shares are subscribed by primary insider of the Company Erling Rasmussen, CFO

- 45,000 shares are subscribed by primary insider of the Company Tor Mæhlum Karlsen, CTO

Primary insider notifications pursuant to the market abuse regulation article 19 is attached.

For further information, please contact:

Erling Rasmussen, Chief Financial Officer

+ 47 482 11 151

[email protected]

About Desert Control

Desert Control specializes in climate-smart Agri-tech solutions to combat desertification, soil degradation, and water scarcity. Its patented Liquid Natural Clay (LNC) enables sustainable ecosystem management by restoring and protecting soil's ability to preserve water and increase yields for agriculture, forests, and green landscapes.

LNC enables sand and degraded soil to retain water and nutrients, thus increasing crop yields and ecosystem resilience while preserving water resources by up to 50%.

Agriculture and food production already consume more than 70% of all available freshwater. Desertification and soil degradation drive a negative spiral of increasing water consumption and decreasing yields for global food production. Feeding our planet's growing population will require more food in the next 40 years than was produced over the last 500 years, putting even more pressure on vital resources such as water. This is the problem Desert Control is determined to solve. According to the United Nations, thirty million acres of fertile land (equal to Pennsylvania) perish to desertification annually, representing an annual loss of $490 billion to the global economy. Desert Control's vision is to make our planet earth green again.

This information is subject to the disclosure requirements pursuant to the market abuse regulation article 19 and 5-12 of the Norwegian Securities Trading Act.

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