Bergen Carbon Solutions AS

AGM Information • Sep 24, 2021

ADDITION TO NOTICE OF AN EXTRAORDINARY GENERAL MEETING

ADDITION TO NOTICE OF AN EXTRAORDINARY GENERAL MEETING

(Bergen, 24.09 2021) Bergen Carbon Solutions AS (Bergen Carbon Solutions/BGS, OSE:BCS)

We refer to the notice of the extraordinary general meeting sent on 20.09.2021 regarding the Board's proposal that the general meeting shall decide to authorize the Board of directors to increase the company’s share capital. The proposed resolution states that the authorization shall entail the possibility to increase the share capital by up to 50%.

The Board has subsequently received a proposal for an alternative resolution where the authorization is changed and reduced to increase the share capital by up to 24,6%, including the already existing granted board authorization which was authorized by the general meeting on 31.03.2021. The board has considered the proposal and concluded that an authorization to increase the share capital by up to 24,6% is sufficient regarding the Board’s purpose to ask the general meeting for such an authorization.

As previously mentioned, the Board’s intention is to further develop the company and to ensure access to capital in order to take advantage of good business opportunities. This includes implementing strategic investments. The company is working on several processes that may lead to the need for such additional capital and will announce this when it becomes applicable.

Please find enclosed the complete revised proposal (in English and in Norwegian). Documents related to the general meeting are also available at https://bergencarbonsolutions.com/news/

For additional information, please contact: Jan B Sagmo, CEO, janbsagmo@bergencarbonslutions.com, +47 473 72 701 Fredrik Øksnes, CCO, Fredrik.oksnes@bergencarbonsolutions.com +47 975 67 318