Aker Carbon Capture — AGM Information 2020

Sep 23, 2020

Aker Carbon Capture

MINUTES

OF

AN EXTRAORDINARY GENERAL MEETING OF

AKER CABON CAPTURE AS

On Wednesday, September 23, 2020, an extraordinary general meeting of Aker Carbon Capture AS was held at Oksenøyveien 8 in Fornebu.

1. OPENING OF THE GENERAL MEETING

Frode Strømø declared the general meeting open.

The record regarding attendance by the shareholders showed that 355 136 421 of the company's total of 566,060,400 shares were represented, including by way of prior electronically voting and proxy votes. Thus, 62,74% of the total share capital participated in the general meeting. The list of participating shareholders is enclosed to these minutes as appendix 1. The voting results for the agenda items are set out on page 3 and 4.

ELECTION OF A PERSON TO CHAIR THE MEETING AND A PERSON TO CO-SIGN THE MINUTES 2. OF MEETING

The general meeting adopted the following resolution:

Frode Strømø is elected to chair the meeting and Pernille Brente is appointed to sign the minutes of meeting together with the chairman.

3. APPROVAL OF THE NOTICE OF THE MEETING AND THE AGENDA

The general meeting adopted the following resolution:

The general meeting approves the notice and agenda for the meeting.

4. ELECTION OF NEW MEMBERS TO THE BOARD OF DIRECTORS

The general meeting adopted the following resolution:

The board shall hereby consist of the following members:

Henrik O. Madsen (chairman)

Kristian M. Røkke (director)

Øyvind Eriksen (director - new)

Nina Jensen (director - new)

Oscar Graff (director - new)

Kjell Inge Røkke (deputy director - new)

Aker Carbon Capture

5. AUTHORIZATION TO ACQUIRE OWN SHARES IN CONNECTION WITH ACQUISITIONS, MERGERS, DE-MERGERS OR OTHER TRANSACTIONS

The general meeting adopted the following resolution:

• The board is authorized to acquire own shares in the company up to an aggregate nominal value of 1) NOK 56,606,040.
• 2) The highest and lowest purchase price for each shall be NOK 50 and NOK 1, respectively. The authorization may only be used for the purpose of utilising the company's shares as transaction currency in acquisitions, mergers or other transactions. The board is otherwise free to decide the method of acquisition and disposal of the company's shares.
• 3) Act and is valid until the annual general meeting in 2022, though at the latest until June 30, 2022.

6. AUTHORIZATION TO ACQUIRE OWN SHARES IN CONNECTION WITH ANY FUTURE SHARE PROGRAM FOR EMPLOYEES

The general meeting adopted the following resolution:

• 1) NOK 11,321,208.
• 2) The authorization may only be used for the purpose of sale and/or transfer of the company's shares to employees in the company as part of the company's share- and incentive program as approved by the board of directors. The board is otherwise free to decide the method of acquisition and disposal of the company's shares.
• 3) Act and is valid until the annual general meeting in 2022, though at the latest until June 30, 2022.

7. AUTHORIZATION TO ACQUIRE OWN SHARES FOR THE PURPOSE OF INVESTMENT OR SUBSEQUENT SALE OR DELETION OF SHARES

The general meeting adopted the following resolution:

• 1) NOK 56,606,040.
• 2) The power of attorney may only be used for the purpose of investment or subsequent sale or deletion of shares. The board is otherwise free to decide the method of acquisition and disposal of the company's shares.
• The authorization shall be exercised in accordance with the provisions of the Private Limited Liability 3) Act and is valid until the annual general meeting in 2022, though at the latest until June 30, 2022.

:

Protokoll for generalforsamling AKER CARBON CAPTURE AS

ISIN:			NO0010890304 AKER CARBON CAPTURE AS
Generalforsamlingsdato: 23-09-2020 11:00
Dagens dato:	23.09 2020
Aksjeklasse	For	Mot	Avgitte			Avstår Ikke avgitt Stemmeberettigede representerte aksjer
Sak 2 Election of a person to chair the meeting, and a person to sign the minutes of meeting together
with the chairman
Ordinær	355 044 126	307	355 044 433	91 988	0	355 136 421
% avgitte stemmer	100,00 %	0,00 %		0,00 %
% representert AK % total AK	99,97 %	0,00 %	99,97 %	0,03 %	0,00 %
Totalt	62,72 % 355 044 126	0,00 % 307	62,72 % 355 044 433	0,02 % 91 988	0,00 % 0	355 136 421
Sak 3 Approval of the notice of the meeting and the agenda Ordinær	355 045 226	207	355 045 433	90 988	0	355 136 421
% avgitte stemmer	100,00 %	0,00 %		0,00 %
% representert AK	99,97 %	0,00 %	99,97 %	0,03 %	0,00 %
% total AK	62,72 %	0,00 %	62,72 %	0,02 %	0,00 %
Totalt	355 045 226	207	355 045 433	90 988	0	355 136 421
Sak 4 Election of new members to the board of directors
Ordinær	345 663 443	9 380 875	355 044 318	92 103	0	355 136 421
% avgitte stemmer	97,36 %	2,64 %		0,00 %
% representert AK	97,33 %	2,64 %	99,97 %	0,03 %	0,00 %
% total AK	61,07 %	1,66 %	62,72 %	0,02 %	0,00 %
Totalt	345 663 443	9 380 875	355 044 318	92 103	0	355 136 421
Sak 5 Authorization to acquire own shares in connection with acquisitions, mergers or
other transactions
Ordinær	355 133 145	1 307	355 134 452	। ਰੇਵਰੇ	0	355 136 421
% avgitte stemmer	100,00 %	0,00 %		0,00 %
% representert AK	100,00 %	0,00 %	100,00 %	0,00 %	0,00 %
% total AK	62,74 %	0,00 %	62,74 %	0,00 %	0,00 %
Totalt	355 133 145	1 307	355 134 452	1	0	355 136 421
						Sak 6 Authorization to acquire own shares in connection with any future share program for employees
Ordinær	346 833 553	8 289 208	355 122 761	13 660	0	355 136 421
% avgitte stemmer	97,67 %	2,33 %		0,00 %
% representert AK	97,66 %	2,33 %	100,00 %	0,00 %	0,00 %
% total AK	61,27 %	1.46 %	62,74 %	0,00 %	0,00 %
Totalt	346 833 553	8 289 208	355 122 761	13 660	0	355 136 421
						Sak 7 Authorization to acquire own shares for the purpose of investment or subsequent sale or deletion
	346 946 678	8 186 874	355 133 552	2 869	0
% avgitte stemmer	97.70 %	2,31 %		0,00 %
of shares Ordinær % representert AK	97,69 %	2,31 %	100,00 %	0,00 %	0,00 %	355 136 421
% total AK	61,29 %	1,45 %	62,74%	0,00 %	0,00 %

Kontofører for selskapet:

For selskapet:

DNB Bank ASA

AKER CARBON CARTURE AS

https://investor.vps.no/gm/votingResultTotalMinutes.htm?_menu=true&fromMain=TRUE 23.09.2020

Navn	Totalt antall aksjer Pålydende Aksjekapital		Stemmerett
Ordinær	566 060 400	1,00 566 060 400,00 Ja
Sum:

§ 5-17 Alminnelig flertallskrav
krever flertall av de avgitte stemmer

§ 5-18 Vedtektsendring

krever tilslutning fra minst to tredeler så vel av de avgitte stemmer som av den aksjekapital som er representert på generalforsamlingen

Office Translation This translation is for information purposes only, Legal authenticity remains with the original document in Norweaian

Aker Carbon Capture

***

There were no more items on the agenda and the general meeting was adjourned.

Fornebu, September 23, 2020

Frode Strømø

Pernille Brente

Enclosure:

1. List of shareholders participating either personally, by proxy or by electronic voting in advance

Totalt representert

ISIN:	NO0010890304 AKER CARBON CAPTURE AS
Generalforsamlingsdato: 23.09.2020 11.00
Dagens dato:	23.09.2020

Antall stemmeberettigede personer representert/oppmøtt : 1

Antall aksjer	% kapital
566 060 400
0
566 060 400
345 576 949	61,05 %
345 576 949	61,05 %
166 432	0.03 %
9 393 040	1,66 %
9 559 472	1,69 %
Totalt representert stemmeberettiget 355 136 421	62,74 %
355 136 421	62,74 %

Kontofører for selskapet:

For selskapet:

AKER CARBON CAPTURE AS

DNB Bank ASA

https://investor.vps.no/gm/totalRepresented.htm?reportType=TOTAL_REPRESENTED_... 23.09.2020