Quantafuel

Share Issue/Capital Change • Jan 31, 2022

Quantafuel ASA | New share capital registered

Quantafuel ASA | New share capital registered

Reference is made to the stock exchange notice by Quantafuel ASA on 28 January 2022 regarding the completion of a private placement of new shares with a total transaction size of NOK 400 million.

The new share capital and number of shares have been registered with the Norwegian Register of Business Enterprises.

Share capital: NOK 1,650,151.80

Number of shares: 165,015,180

Par value of each share: NOK 0.01

For further queries, please contact:

Kristian Flaten, CFO +47 95092322

André Moe Bakke, IR +47 98663072

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 subject of the disclosure requirements pursuant to Euronext Growth Oslo Rule Book - Part II section 3.10

This announcement was published by André Moe Bakke, Investor Relations, on 31 January 2022 at 15:27 CET.