Quantafuel

Director's Dealing • May 11, 2023

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Lars Rosenløv
2	Reason for the notification
a)	Position/status	CEO
b)	Initial notification or amendment	Initial notification
3	Details of the issuer
a)	Name	Quantafuel ASA
b)	LEI code	549300V6BLI7Z2UYNG15
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	– Financial instrument linked to a share or a debt instrument
	Identification code	– ISIN NO 0010785967
b)	Type of transaction	Cancelation of stock option
		The transaction is linked to the exercise of a share option programme.
c)	Price(s) and volume(s)	(i) Price(s)	(ii) Volume(s)
		NOK 0	900,000
d)	Aggregated information
	— Aggregated volume	— 900,000 options
	— Average price per unit	— NOK 0
	— Total amount	— NOK 0
e)	Date of the transaction	2023-05-11
f)	Place of the transaction	Outside a trading venue

Side | 2 av 9

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Dr. Christian Lach
2	Reason for the notification
a)	Position/status	Deputy CEO and Chief Commercial Officer
b)	Initial notification or amendment	Initial notification
3	Details of the issuer
a)	Name	Quantafuel ASA
b)	LEI code	549300V6BLI7Z2UYNG15
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	— Financial instrument linked to a share or a debt instrument
	Identification code	— ISIN NO 0010785967
b)	Type of transaction	Cancelation of stock option
		The transaction is linked to the exercise of a share option programme.
c)	Price(s) and volume(s)	(i) Price(s)	(ii) Volume(s)
		NOK 0	700,000
d)	Aggregated information
	— Aggregated volume	— 700,000 options
	— Average price per unit	— NOK 0
	— Total amount	— NOK 0
e)	Date of the transaction	2023-05-11
f)	Place of the transaction	Outside a trading venue

Side | 3 av 9

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Christian Bekkevold Nilsen
2	Reason for the notification
a)	Position/status	CFO
b)	Initial notification or amendment	Initial notification
3	Details of the issuer
a)	Name	Quantafuel ASA
b)	LEI code	549300V6BLI7Z2UYNG15
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	— Financial instrument linked to a share or a debt instrument
	Identification code	— ISIN NO 0010785967
b)	Type of transaction	Cancelation of stock option
		The transaction is linked to the exercise of a share option programme.
c)	Price(s) and volume(s)	(iii) Price(s)	(iv) Volume(s)
		NOK 0	300,000
d)	Aggregated information
	— Aggregated volume	— 300,000 options
	— Average price per unit	— NOK 0
	— Total amount	— NOK 0
e)	Date of the transaction	2023-05-11
f)	Place of the transaction	Outside a trading venue

Side | 4 av 9

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Terje U. Eiken
2	Reason for the notification
a)	Position/status	COO
b)	Initial notification or amendment	Initial notification
3	Details of the issuer
a)	Name	Quantafuel ASA
b)	LEI code	549300V6BLI7Z2UYNG15
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	— Financial instrument linked to a share or a debt instrument
	Identification code	— ISIN NO 0010785967
b)	Type of transaction	Cancelation of stock option
		The transaction is linked to the exercise of a share option programme.
c)	Price(s) and volume(s)	(v) Price(s)	(vi) Volume(s)
		NOK 0	650,000
d)	Aggregated information
	— Aggregated volume	— 650,000 options
	— Average price per unit	— NOK 0
	— Total amount	— NOK 0
e)	Date of the transaction	2023-05-11
f)	Place of the transaction	Outside a trading venue

Side | 5 av 9

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ann-Christin Andersen
2	Reason for the notification
a)	Position/status	Chair of the board of directors
b)	Initial notification or amendment	Initial notification
3	Details of the issuer
a)	Name	Quantafuel ASA
b)	LEI code	549300V6BLI7Z2UYNG15
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	— Financial instrument linked to a share or a debt instrument
	Identification code	— ISIN NO 0010785967
b)	Type of transaction	Cancelation of stock option
		The transaction is linked to the exercise of a share option programme.
c)	Price(s) and volume(s)	(vii) Price(s)	(viii)Volume(s)
		NOK 0	170,000
d)	Aggregated information
	— Aggregated volume	— 170,000 options
	— Average price per unit	— NOK 0
	— Total amount	— NOK 0
e)	Date of the transaction	2023-05-11
f)	Place of the transaction	Outside a trading venue

Side | 6 av 9

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Dr. Thorleif Enger
2	Reason for the notification
a)	Position/status	Board member
b)	Initial notification or amendment	Initial notification
3	Details of the issuer
a)	Name	Quantafuel ASA
b)	LEI code	549300V6BLI7Z2UYNG15
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	— Financial instrument linked to a share or a debt instrument
	Identification code	— ISIN NO 0010785967
b)	Type of transaction	Cancelation of stock option
		The transaction is linked to the exercise of a share option programme.
c)	Price(s) and volume(s)	(ix) Price(s)	(x) Volume(s)
		NOK 0	80,000
d)	Aggregated information
	— Aggregated volume	— 80,000 options
	— Average price per unit	— NOK 0
	— Total amount	— NOK 0
e)	Date of the transaction	2023-05-11
f)	Place of the transaction	Outside a trading venue

Side | 7 av 9

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Wenche Teigland
2	Reason for the notification
a)	Position/status	Board member
b)	Initial notification or amendment	Initial notification
3	Details of the issuer
a)	Name	Quantafuel ASA
b)	LEI code	549300V6BLI7Z2UYNG15
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	— Financial instrument linked to a share or a debt instrument
	Identification code	— ISIN NO 0010785967
b)	Type of transaction	Cancelation of stock option
		The transaction is linked to the exercise of a share option programme.
c)	Price(s) and volume(s)	(xi) Price(s)	(xii) Volume(s)
		NOK 0	40,000
d)	Aggregated information
	— Aggregated volume	— 40,000 options
	— Average price per unit	— NOK 0
	— Total amount	— NOK 0
e)	Date of the transaction	2023-05-11
f)	Place of the transaction	Outside a trading venue

Side | 8 av 9

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Anette Knoph Lerø
2	Reason for the notification
a)	Position/status	Board member (employee representative)
b)	Initial notification or amendment	Initial notification
3	Details of the issuer
a)	Name	Quantafuel ASA
b)	LEI code	549300V6BLI7Z2UYNG15
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	— Financial instrument linked to a share or a debt instrument
	Identification code	— ISIN NO 0010785967
b)	Type of transaction	Cancelation of stock option
		The transaction is linked to the exercise of a share option programme.
c)	Price(s) and volume(s)	(xiii)Price(s)	(xiv)Volume(s)
		NOK 0	80,000
d)	Aggregated information
	— Aggregated volume	— 80,000 options
	— Average price per unit	— NOK 0
	— Total amount	— NOK 0
e)	Date of the transaction	2023-05-11
f)	Place of the transaction	Outside a trading venue

Side | 9 av 9

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Rene Ortiz Garcia
2	Reason for the notification
a)	Position/status	Observer of the board (employee representative)
b)	Initial notification or amendment	Initial notification
3	Details of the issuer
a)	Name	Quantafuel ASA
b)	LEI code	549300V6BLI7Z2UYNG15
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument	— Financial instrument linked to a share or a debt instrument
	Identification code	— ISIN NO 0010785967
b)	Type of transaction	Cancelation of stock option
		The transaction is linked to the exercise of a share option programme.
c)	Price(s) and volume(s)	(xv) Price(s)	(xvi)Volume(s)
		NOK 0	65,000
d)	Aggregated information
	— Aggregated volume	— 65,000 options
	— Average price per unit	— NOK 0
	— Total amount	— NOK 0
e)	Date of the transaction	2023-05-11
f)	Place of the transaction	Outside a trading venue