Fjord Defence Group ASA

Investor Presentation • Jun 22, 2022

CO2 Capture Market Dynamics

Carbon Transition ASA seminar Sparebank 1 Markets 21 June 2022

Wayne Thomson, Board Member CO2 Capsol

Market

• CCUS projects to date have been unreliable and costly
• Reliable low-cost carbon capture technology key to a robust CO2 capture market
• Huge market opportunity for right technology; operationally reliable, safe and low cost
• Hydrocarbon industry needs to solve CO2 emissions to prosper

Incentives

• cGovernments have or are ready to put in place necessary incentives after we show a reliable low cost CCUS solution
• Incentives will be adequate to implement CCUS; trading credits or tax incentives

The Svante Story

Challenging early times to stay alive

-Companies talking about CCUS but no one investing \$ -Government programs less developed

Technology development

-Earlier technology not able to meet cost targets -Developed technology, moved to customized CO2 adsorbents to bring costs down

Partnerships

-Technology partners -Partner to host and partially pay for a sizable demo -Investment climate improved, found funding partners

Team

-Hired exceptional team

WHY CO2 CAPSOL

Technology safe and reliable

• Improvement on proven technology; limited technology development needed
• Safe low impact absorbent

Partners in place

• Already have partner proceeding with commercial capture facility - Investor support

Personal criteria

-Feel I can add value -Trust the team

Thank you!