Desert Control AS — Capital/Financing Update 2026

Apr 21, 2026

Desert Control AS: Commercial Update, Financing Review, and Invitation to Capital Markets Day

Desert Control AS: Commercial Update, Financing Review, and Invitation to Capital Markets Day

Desert Control AS ("DSRT" or the "Company"), a leader in soil and water

conservation technology, today announces the Company has successfully completed

application of the Company's innovative Liquid Natural Clay ("LNC") technology

at the Berkeley Country Club in El Cerrito, California. The installation builds

on strong commercial traction in the United States as evidenced by a record

number of pilots launched during Q1 2026 with momentum that is accelerating into

Q2 2026.

[Editor's note: "The name of the financial advisor has been changed to "MW&L

Capital Partners"]

The Company expects to complete a total of 26 pilots in the first half of 2026

in crops familiar to LNC like almonds, dates, and grapes, as well as crops new

to LNC like pistachios, avocados, and a number of other fruits and

vegetables. This number of pilots compares to seven pilots completed in all

of 2025.

The Company further announces that the Board of Directors has initiated a

Financing Review to evaluate options to strengthen the Company's capital base

and support growing commercial traction in the United States.

As part of the Financing Review, the Company will evaluate a range of financing

alternatives, including a potential private placement, as well as other

equity, debt and strategic funding options. The Company is targeting gross

proceeds of approximately USD 15 million, subject to market conditions, board

approval,?and any required corporate and regulatory approvals.

The Company intends to use any proceeds raised to support the continued scale up

of commercialization and conversion of pipeline to commercial contracts,

strengthen its U.S. sales force, design and build additional next-generation

production units, and fund other organisation, marketing and R&D activities, as

well as for general corporate purposes.

To support this process, the Company has appointed MW&L Capital Partners as its

financial advisor. Advokatfirmaet Selmer AS is acting as legal advisor to Desert

Control.

As previously communicated, the Company's cash runway is expected to extend to

September 2026. The board is therefore initiating this process with the

intention of completing a financing transaction prior to September 2026.

The Company has posted an investor presentation to the Investors section of the

Desert Control website. Furthermore and in light of the Financing Review, the

Company's previously announced FY 2025 and Q1 2026 results presentation on 13

May 2026 will be expanded into a broader Capital Markets Day, during which James

Thomas and David Borah will provide a broader and more comprehensive view of

Desert Control's strategic priorities, commercial model and long-term growth

opportunity.

Important Information

This information is considered to be inside information pursuant to 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 David Borah, Chief Financial Officer of the

Company, at the time and date stated above in this announcement.

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.

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.

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 undertakes no 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 of the Company. Neither the Company

nor its representatives accept any liability arising from the use of this

announcement.

For more information, please contact:

David Borah

Chief Financial Officer

david.borah@desertcontrol.com

About Desert Control

Desert Control develops innovative solutions to enhance soil health, conserve

water, and promote ecosystem resilience. Our proprietary Liquid Natural Clay

(LNC) allows sandy, fast-draining soils to retain water and nutrients, improving

soil health, crop yields, and ecosystem vitality while conserving water. Desert

Control provides customized solutions to strengthen sustainability,

profitability, and prosperity for agriculture, forests, and green landscapes. In

collaboration with partners and clients, we aim to preserve natural resources,

enhance food security, and ensure a climate-resilient future.