Bergen Carbon Solutions AS

Prospectus • Apr 18, 2021

Bergen Carbon Solutions AS: PUBLICATION OF INFORMATION DOCUMENT

Bergen Carbon Solutions AS: PUBLICATION OF INFORMATION DOCUMENT

Bergen, 18 April 2021: The attached information document (the “Information Document”) has been prepared by Bergen Carbon Solutions AS (the "Company") solely for the use in connection with the admission to trading of all its shares on Euronext Growth Oslo ("Euronext Growth"). The first day of trading in the Company’s shares on Euronext Growth is expected Monday, 19 April 2021. Norne Securities AS and Fearnly Securities has acted as Euronext Growth advisor and law firm Thommesen has acted as legal advisor to the Company in connection with the Listing.

For more information:

Jan B. Sagmo, CEO

Tel: +47 473 72 701

Email: janbsagmo@bergencarbonsolutions.com

Kåre B. Voldsund, CFO

Tel: +47 906 77 756

Email: kbv@bergencarbonsolutions.com

Bergen Carbon Solutions AS is a company that has developed a proprietary method of producing CNF by using captured CO2. CNF is a high value product, lighter than plastic, stronger than steel and leads electricity better than copper, and is applied to a wide range of consumer and industrial products, from energy storage to protective clothing.

The CNF is made by using modular production units that are based on two 40 feet containers stacked on top of each other with two reactors (4 crucibles each). Each production unit can produce about 6.5 tonnes of CNF annually out of 30 tonnes of CO2. The production method and technology have been verified by DNV-GL, and the Company has been producing CNF at their test facility since summer 2020. The Company has developed an energy efficient, carbon negative production method, to produce CNF out of CO2, using only renewable energy and with O2 as the only bi-product and thus BCS calls it green CNF.

The production units are mobile and placed on-site with producers and/or emitters of CO2. The Company has entered into a firm agreement with BIR Rådalen, a waste-to-energy plant operated by a regional waste management company for the provision of one module with production start expected Q1 2022. The module is expected to produce 3.25 tonnes of CNF from CO2 flue gas feedstock. Furthermore, the Company has signed letters of intent with both Technology Centre Mongstad, one of the world’s largest and most flexible plant for testing and improving technologies for CO2 capture, and Alcoa Mosjøen, one of the largest aluminium smelter sites in Europe. Both sites have substantial potential, ranging from 1 to 5 modules each, producing between 6.25 and 32.5 tonnes of CNF.

The Company has since summer 2020 had the ability to have full operational runtime on a module at their test facility in order to test and verify the production method and product quality. The vast majority of the production output has been CNF, but also some amounts of Carbon Nanotubes (CNT) has been produced.