Quantafuel

AGM Information • Jul 6, 2020

Quantafuel AS | New share capital and conversion to public limited company registered

Quantafuel AS | New share capital and conversion to public limited company registered

Reference is made to the stock exchange notice by Quantafuel AS (the "Company") regarding the Extraordinary General Meeting held on 3 July 2020 (the "EGM"), including the approval by the EGM of a share capital increase by a fund issue and a 1:10 split of the Company's shares, as well as of the conversion of the legal form of the Company from a private limited liability company to a public limited liability company.

The new share capital and the new number of shares, as well as the conversion of legal form and the corresponding change of the Company's name, have now been registered with the Norwegian Register of Business Enterprises.

Share capital: NOK 1,256,635.50

Number of shares: 125,663,550

Par value of each share: NOK 0.01

New name of the Company: Quantafuel ASA

The Company's shares will be traded ex split as from Tuesday 7 July 2020.

For further queries, please contact:

Kjetil Bøhn, CEO +47 91573818

Kristian Flaten, CFO +47 95092322

About Quantafuel | https://quantafuel.com

Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.