Quantafuel

Pre-Annual General Meeting Information • Apr 28, 2023

Quantafuel ASA | Annual General Meeting – Notice

Quantafuel ASA | Annual General Meeting – Notice

Oslo, 28 April 2023

Quantafuel's shareholders are hereby given notice of the annual general meeting to be held on Friday, 12 May 2023 at 10:30 CEST (the "AGM"). The notice of the AGM, including the proposed resolutions and the proxy form, is attached to this stock exchange notice and will be sent to Quantafuel's shareholders with known addresses.

The AGM will be held as a digital meeting only, via https://web.lumiagm.com/. The meeting ID is 133-972-844. Further information and guidelines for digital participation, together with the notice and all the relevant documents for the AGM, will be made available on Quantafuel's website, https://www.quantafuel.com/general-meeting.

The AGM will be held immediately after the extraordinary general meeting ("EGM") to be held earlier the same day at 10:00. Note that the meeting ID for the AGM is different from the meeting ID for the EGM. For further information about the EGM, see the notice of the EGM dated 24 April 2023.

As announced on 24 April 2023, settlement of the recommended cash offer to acquire all outstanding shares in Quantafuel by Harald Norway Bidco AS (the "Offeror" a wholly-owned subsidiary of Viridor Limited) at an offer price of NOK 6.38 per Share (the "Offer") is expected to take place on or about 5 May 2023, i.e. prior to the date of the AGM. At settlement of the Offer, all shares tendered under the Offer will be transferred to the Offeror, including all shareholder rights attached to them, against cash payment for the shares. This includes the right to participate and vote for the shares at the AGM. For further details, please refer to section 1.12 (Shareholder rights) of the offer document dated 2 March 2023, available on https://www.dnb.no/markets/aksjer/emisjoner/oversikt-emisjoner/quantafuel-forside.

All shareholders are urged to accept the Offer prior to the expiry of the final extension of the offer period at 16:30 CEST today, on the terms set out in the Offer Document.

For further queries, please contact:

Lars Rosenløv, CEO +47 93018040

Christian Bekkevold Nilsen, CFO +47 90277833

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.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act and the Euronext Growth Rule Book part II.