Bergen Carbon Solutions AS

Share Issue/Capital Change • Jul 28, 2021

Bergen Carbon Solutions: Saga Pure exercises options

Bergen Carbon Solutions: Saga Pure exercises options

(Bergen, 28 July 2021) Bergen Carbon Solutions AS (Bergen Carbon Solutions/BGS, OSE:BCS) today announces the exercise of the exclusive pre-IPO option agreement by Saga Pure AS (Saga Pure).

Reference is made to the information document related to the Bergen Carbon Solution listing on Euronext Growth and relevant stock exchange notices regarding the exclusive option agreement for Saga Pure to be exercised three months after the first day of trading.

Saga Pure has informed Bergen Carbon Solutions of the exercise of the options, whereby Saga Pure will subscribe to 4,978,000 shares following all necessary corporate resolutions. The new shares are subject to a lock-up agreement.

See also the separate stock exchange announcement from Saga Pure, where Bjørn Simonsen, CEO of Saga Pure, comments:

“We are very happy with the development we have seen in BCS over the course of 2021, and numerous companies both domestically and internationally are now exploring the value BCS can bring to their operations, whether they have a CO2 source, or are developing products where CNF can improve the quality and performance. The potential for this company going forward is significant.”

Bergen Carbon Solutions will announce the subsequent board resolution, private placement and share registration when approved and registered.

For additional information, please contact:

Jan B Sagmo, CEO, janbsagmo@bergencarbonslutions.com, +47 473 72 701

Kåre B. Voldsund, CFO, kbv@bergencarbonsolutions.com, +47 906 77 756

About Bergen Carbon Solutions | www.bergencarbonsolutions.no

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.