Quantafuel

Board/Management Information • Dec 30, 2021

Quantafuel ASA | Quantafuel announces change to its Board of Directors

Quantafuel ASA | Quantafuel announces change to its Board of Directors

Today, Oscar Spieler has given notice that he will step down from Quantafuel’s Board of Directors to avoid any potential conflict of interest as he is dedicating more time on a new green investment company/fund where he will be one of the founders.

Spieler was Chairman of Quantafuel’s Board from June 2018 and became Deputy Chair in May 2021.

“It has been a privilege to work with Oscar the past few years. He has played an important role in the growth of Quantafuel and I would like to thank him for his considerable contribution to the company. I support his decision to step down to prevent any conflict of interest between Quantafuel and the new venture,” says Quantafuel’s Chair, Ann-Christin Andersen.

“I am very grateful for my journey with Quantafuel. It has been an interesting, educational and exciting board position from day one. Now Quantafuel is entering a new, industrial phase with its highly qualified management team, organisation and board, and I am confident that Quantafuel will succeed. I am looking forward to cheering on Quantafuel from the sidelines,” says Oscar Spieler.

The change will be effective from and including 31 December 2021. With Spieler's departure, Quantafuel’s Board of Directors will consist of seven members; Ann-Christin Andersen (Chair of the Board), Dr. Maximillian Walter, Dr Thorleif Enger, Berit Koppervik, Margrethe Smith, Wenche Teigland and Kasper Trebbien.

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 Kristian Flaten, CFO, on 30 December 2021 at CET 16:30.