Knox Energy Solutions AS

Declaration of Voting Results & Voting Rights Announcements • Aug 23, 2024

Knox Energy Solutions AS - Final result of Rapid offer and extraordinary general meeting completed

Knox Energy Solutions AS - Final result of Rapid offer and extraordinary general meeting completed

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

INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, JAPAN,

HONG KONG, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR

DISTRIBUTION WOULD BE UNLAWFUL.

(Oslo, 23 August 2024) Reference is made to the stock exchange announcements by

Knox Energy Solutions AS (Knox, OSE: KNOX) on 23 August 2024 regarding the

preliminary results of the offer to the shareholders of Rapid Oil Production

Ltd. (Rapid Oil) to convert shares in Rapid Oil (Rapid Shares) to shares in the

Company (the Offer).

Following final verification, the Company has received acceptances for the Offer

for a total of 28,190 Rapid Shares, equivalent to approximately 20.1 % of the

total number of Rapid Shares. Together with the 28,000 Rapid Shares already held

by the Company, this represents approximately 40 % of the share capital in Rapid

Oil.

Of the acceptances, 17,790 shares were conditional on a continued listing of the

Company, while 10,400 were unconditional.

Further, the Company announces that an extraordinary general meeting was held

today, 23 August 2024, (the "EGM") as a virtual meeting. All items on the agenda

were adopted in accordance with the proposals by the Company's board of

directors, including the resolutions to issue the shares and warrants related to

the Offer.

Please find attached the EGM minutes and the company presentation held

afterwards.

For further information, please contact:

Geir Aune, Chairman, ga@knox-energy.com

Harald B. Hansen, CEO,?hh@knox-energy.com

This information is published in accordance with the requirements of the

Continuing Obligations for companies listed on Euronext Growth Oslo and section

5-12 of the Norwegian Securities Trading Act.

About Knox | knox-energy.com

Knox Energy Solutions AS is an international energy company, with a holding in

Rapid Oil Production Ltd. (Rapid), a UK-based oil and gas company backed by a

highly experienced board and management team.?Knox Energy Solutions AS is listed

on Euronext Growth under the ticker KNOX.

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. 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 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 Knox 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. Knox 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.