Quantafuel

Share Issue/Capital Change • Mar 31, 2020

Quantafuel AS | Increased share capital

Quantafuel AS | Increased share capital

Based on the board authorization granted by the general meeting on 27 June 2018 , the Company's share capital has been increased with 10,000 new shares as a result of exercise of options by employees in the Company. The Company share capital is after the increase NOK 111,774.67 , corresponding to 11,177,467 shares each with the nominal value of NOK 0.01.

For further queries, please contact:

Jens Petter Broby, CFO +47 91 54 32 03

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.