Bergen Carbon Solutions AS

Major Shareholding Notification • Dec 21, 2021

Awilco AS declares option to acquire 1.4 million shares

Awilco AS declares option to acquire 1.4 million shares

(Bergen, 21 December 2021): Bergen Carbon Solutions AS (BCS, OSE:BCS): Reference is made to the stock exchange notice on 1 December 2021 regarding a conditional share purchase agreement between Awilco AS and the two founders of Bergen Carbon Solutions AS. Reference is further made to the stock exchange notice on 20 December regarding a major technological breakthrough for the Company. The conditions in the share purchase agreement have now been fulfilled and Awilco AS has therefore declared its option and today acquired 1,400,000 shares for a price of NOK 45 per share as previously agreed. 700,000 shares were acquired from Jan B. Sagmo, CEO and 700,000 shares from Finn Blydt-Svendsen, COO. 300,000 of these shares were acquired from Møllen Invest AS, an associated company with Finn Blydt-Svendsen. After the transactions Awilco AS owns 4,170,000 shares, Jan B. Sagmo 2,280,000 shares and Finn Blydt-Svendsen 3,330,000 shares, including 24,000 shares through Møllen Invest AS.

As previously announced the parties have agreed that the Sellers will be subject to a customary lock-up period of 12 months for their remaining shareholding in Bergen Carbon Solutions AS.

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For additional information, please contact:

Jan B. Sagmo, CEO, janbsagmo@bergencarbonsolutions.com, +47 473 72 701

Dag V. Skansen, Chairman of the Board,dag.skansen@skansenholding.no +47 909 57 585

About Bergen Carbon Solutions | www.bergencarbonsolutions.no Bergen Carbon Solutions uses innovative technology to produce carbon nanofibers, using CO₂ and Norwegian hydropower. This makes the production unique and environmentally friendly. Bergen Carbon Solutions is listed on Euronext Growth under the ticker BCS.

About Awilco AS: Awilco AS is a privately owned, industrial investment company and is a 100% owned subsidiary of Awilhelmsen AS.