Capsol Technologies ASA — Capital/Financing Update 2026

Jan 27, 2026

Holcim invests in Capsol to scale its advanced carbon capture technology

Holcim invests in Capsol to scale its advanced carbon capture technology

Oslo (Norway), January 27, 2026

· Investment in Hot Potassium Carbonate (HPC) technology for carbon capture to

support Holcim's decarbonization roadmap

· Broadens Holcim's wide range of decarbonization technologies

Holcim has invested in Capsol Technologies, a listed Norwegian company

specializing in carbon capture technologies. Capsol's post-combustion carbon

capture and heat recovery system delivers superior efficiency with a proven and

safe hot potassium carbonate solvent (HPC). HPC technology is a mature, energy

-efficient chemical absorption process used to remove CO2 from gas streams, that

is widely applicable in post-combustion carbon capture. As the leading partner

for sustainable construction, Holcim aims to apply Capsol's technology to

further advance its decarbonization roadmap and drive profitable growth.

Ram Muthu, Head of Operational Excellence, Holcim: "By combining Holcim's

expertise in cement manufacturing and on-site carbon capture with Capsol's safe

and efficient technology, we have an additional lever to advance decarbonization

and drive profitable growth. Through this strategic investment, we are one step

closer to producing near-zero cement at scale to meet growing customer demand."

Wendy Lam, CEO, Capsol: "Holcim is a leading provider of sustainable

construction solutions and one of the largest cement producers in the world.

They have bold ambitions of producing near-zero cement at scale for customers.

Capsol wants to be part of realizing this ambition. Today, we are proud to share

how we are deepening our collaboration, following a CapsolGo® demonstration

project at Holcim's Dotternhausen plant in 2025. We look forward to further

developing our relationship with Holcim and innovating together for the future."

This investment broadens Holcim's wide range of decarbonization technologies,

centered on its open innovation ecosystem. Holcim is assessing more than 500

startups annually through Holcim MAQER Ventures, its corporate venture capital

unit. Holcim has made 19 investments to date through Holcim MAQER Ventures, and

is constantly working towards scaling groundbreaking decarbonization

technologies in the built environment.

To receive Capsol's stock exchange and press releases via email, subscribe at

capsoltechnologies.com/investors

For further information, please contact:

Jacob Zeno ClausenKrøvel

SVP Investment and Strategy, Capsol Technologies

+47 48403225

jacob.krovel@capsoltechnologies.com

For media:

pr@capsoltechnologies.com

About Holcim

Holcim (SIX: HOLN) is the leading partner for sustainable construction with net

sales of CHF 16.2 billion1 in 2024, creating value across the built environment

from infrastructure and industry to buildings. Headquartered in Zug,

Switzerland, Holcim has more than 45 000 employees in 44 attractive markets -

across Europe, Latin America and Asia, Middle East & Africa. Holcim offers high

-value end-to-end Building Materials and Building Solutions, from foundations

and flooring to roofing and walling - powered by premium brands including

ECOPlanet, ECOPact, and ECOCycle®.

About Capsol Technologies

Capsol Technologies ASA is a carbon capture technology provider with a goal of

accelerating the transition to a net zero future. The technology combines

inherent heat recovery and generation in a stand-alone unit based on a proven

and safe solvent. Capsol's technology is licensed either directly to customers

or through industrial partners globally. Key segments include cement, biomass,

energy-from-waste and gas turbines. Capsol Technologies is listed on Euronext

Oslo Børs (ticker: CAPSL). For more information visit www.capsoltechnologies.com