Bergen Carbon Solutions AS

Director's Dealing • May 7, 2021

MANDATORY NOTIFICATION OF TRADE

MANDATORY NOTIFICATION OF TRADE

In connection with the private placement in Bergen Carbon Solutions AS (the “Company”) 22 March 2021, the Company’s management and board, as well as key shareholders with a 5% interest in the Company or more, (collectively, the “Key Shareholders”), entered into lock-up agreements (the “Lock-up Agreement”) with Fearnley Securities AS and Norne Securities AS (the “Managers”) in its capacity as Managers in the private placement. Under the lock-up agreements, the Key Shareholders have undertaken, for a period of 6 months following the private placement, not to inter alia sell or pledge the shares in the Company.

Ivan F. Eriksen, chief marketing officer and a primary insider in the Company, has applied to the Managers for a divestment of up to 150,000 shares in the Company, due to personal reasons. The Managers have granted permission to such a divestment.

Ivan F. Eriksen has today sold 150,000 shares at an average price of 35.0217 NOK. Following the transaction, Eriksen owns 325,000 shares in the Company, all subject to the Lock-up Agreement.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Jan B. Sagmo, CEO, Mobile: +47 47372701, Mail: janbsagmo@bergencarbonsolutions.com

Kåre B. Voldsund, CFO, Mobile: +47 90677756, Mail: kbv@bergencarbonsolutions.com