Capsol Technologies ASA — Capital/Financing Update 2026

Jan 28, 2026

Capsol Technologies ASA - Status in the ongoing private placement

Capsol Technologies ASA - Status in the ongoing private placement

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR

INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY

OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE

UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE

SECURITIES DESCRIBED HEREIN.

Oslo, 28 January 2026.

Reference is made to the announcement published on 27 January 2026 by Capsol

Technologies ASA ( "Company") regarding a contemplated private placement (the

"Private Placement") of between 6,330,764 - 8,653,846 new shares in the Company

(the "Offer Shares") at a fixed price per Offer Share of NOK 5.20 (the "Offer

Price") to raise gross proceeds of approx. NOK 33 - 45 million (the "Offer

Size").

The Company has been informed that the Manager has received orders thus far in

the application period such that the Private Placement is oversubscribed at the

high end of the Offer Size range (i.e. NOK 45 million) at the Offer Price.

As previously communicated, the application period in the Private Placement is

expected to close tomorrow (29 January 2026) at 16:30 CET.

Advisors:

Pareto Securities AS is acting as manager in the Private Placement (the

"Manager").

Advokatfirmaet BAHR AS is acting as legal advisor to the Company in connection

with the Private Placement.

Contacts:

Jacob Zeno Clausen Krøvel

SVP Investment and Strategy

Capsol Technologies ASA

+47 48 40 32 25

jacob.krovel@capsoltechnologies.com

About Capsol Technologies ASA:

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. The Company'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 ASA is listed

on Euronext Oslo Børs (ticker: CAPSL). For more information visit

capsoltechnologies.com.

This information is considered to include inside information pursuant article 7

of the EU Market Abuse Regulation and is subject to the disclosure requirements

pursuant to Section 5-12 of the Norwegian Securities Trading Act.

This stock exchange announcement was published by Jacob Zeno Clausen Krøvel, SVP

Investment and Strategy in Capsol Technologies ASA, on 28 January 2026, at 08:00

(CET).

Important information:

This announcement is not and does not form a part of any offer to sell, or a

solicitation of an offer to purchase, any securities of the Company. The

distribution of this announcement and other information may be restricted by law

in certain jurisdictions. Copies of this announcement are not being made and may

not be distributed or sent into any jurisdiction in which such distribution

would be unlawful or would require registration or other measures. Persons into

whose possession this announcement or such other information should come are

required to inform themselves about and to observe any such restrictions.

The securities referred to in this announcement have not been and will not be

registered under the US Securities Act, and accordingly may not be offered or

sold in the United States absent registration or an applicable exemption from

the registration requirements of the Securities Act and in accordance with

applicable U.S. state securities laws. The Company does not intend to register

any part of the offering or their securities in the United States or to conduct

a public offering of securities in the United States. Any sale in the United

States of the securities mentioned in this announcement will be made solely to

"qualified institutional buyers" as defined in Rule 144A under the Securities

Act and "major U.S. institutional investors" as defined in Rule 15a-6 under the

United States Exchange Act of 1934.

In any EEA Member State, this communication is only addressed to and is only

directed at qualified investors in that Member State within the meaning of the

EU Prospectus Regulation, i.e., only to investors who can receive the offer

without an approved prospectus in such EEA Member State.

This communication is only being distributed to and is only directed at persons

in the United Kingdom that are (i) investment professionals falling within

Article 19(5) of the Financial Services and Markets Act 2000 (Financial

Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities,

and other persons to whom this announcement may lawfully be communicated,

falling within Article 49(2)(a) to (d) of the Order (all such persons together

being referred to as "relevant persons"). This communication must not be acted

on or relied on by persons who are not relevant persons. Any investment or

investment activity to which this communication relates is available only for

relevant persons and will be engaged in only with relevant persons. Persons

distributing this communication must satisfy themselves that it is lawful to do

so.

Matters discussed in this announcement may constitute forward-looking

statements. Forward-looking statements are statements that are not historical

facts and may be identified by words such as "believe", "expect", "anticipate",

"strategy", "intends", "estimate", "will", "may", "continue", "should" and

similar expressions. The forward-looking statements in this release are based

upon various assumptions, many of which are based, in turn, upon further

assumptions. Although the Company believes that these assumptions were

reasonable when made, these assumptions are inherently subject to significant

known and unknown risks, uncertainties, contingencies and other important

factors which are difficult or impossible to predict and are beyond its control.

Actual events may differ significantly from any anticipated development due to a

number of factors, including without limitation, changes in investment levels

and need for the Company's services, changes in the general economic, political

and market conditions in the markets in which the Company operate, the Company's

ability to attract, retain and motivate qualified personnel, changes in the

Company's ability to engage in commercially acceptable acquisitions and

strategic investments, and changes in laws and regulation and the potential

impact of legal proceedings and actions. Such risks, uncertainties,

contingencies and other important factors could cause actual events to differ

materially from the expectations expressed or implied in this release by such

forward-looking statements. The Company does not provide any guarantees that the

assumptions underlying the forward-looking statements in this announcement are

free from errors nor does it accept any responsibility for the future accuracy

of the opinions expressed in this announcement or any obligation to update or

revise the statements in this announcement to reflect subsequent events. You

should not place undue reliance on the forward-looking statements in this

document.

The information, opinions and forward-looking statements contained in this

announcement speak only as at its date, and are subject to change without

notice. The Company does not undertake any obligation to review, update,

confirm, or to release publicly any revisions to any forward-looking statements

to reflect events that occur or circumstances that arise in relation to the

content of this announcement.

This announcement is for information purposes only and is not to be relied upon

in substitution for the exercise of independent judgment. It is not intended as

investment advice and under no circumstances is it to be used or considered as

an offer to sell, or a solicitation of an offer to buy any securities or a

recommendation to buy or sell any securities in the Company.