Bergen Carbon Solutions AS

Bergen Carbon Solutions AS (BCS): Block sale of existing shares completed - Notifiable transaction

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO

THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR IN ANY JURISDICTION IN WHICH

SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Bergen - 15 June 2021.

Reference is made to the stock exchange notice published by Saga Pure ASA on 14 June 2021

regarding a potential block sale of existing shares in Bergen Carbon Solutions

AS (the "Company") by Saga Pure ASA (the "Seller").

The Seller has successfully sold 1,276,600 shares in the Company (equal to

approx. 3.94% of the Company's shares outstanding) at NOK 50 per share (the

"Offering").

Following the Offering, the Seller holds 5,476,000 shares in the Company (equal

to approx. 16.92% of the Company's shares outstanding) which are subject to a

lock-up until October 2021, in addition to a right to subscribe for 4,978,000

shares which will be subject to similar lock-up.

The purpose of the Offering was to re-balance the Seller's portfolio. The Seller

will remain a large and long-term shareholder in the Company post Offering and

is highly positive towards the Company's business and market fundamentals.

The Seller is represented in the Company's Board of Directors, by Mr. Bjørn

Simonsen, and the Seller is, in relation to the Company, considered a close

associate of Mr. Bjørn Simonsen. A notification form pursuant to the EU Market

Abuse Regulation article 19 is attached hereto.

Fearnley Securities AS and Norne Securities AS acted as managers in the

Offering.

* * *

This information is subject of the disclosure requirements pursuant to Section 5

-12 of the Norwegian Securities Trading Act.

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