Quantafuel

Share Issue/Capital Change • Jun 25, 2020

Quantafuel AS | Key information on contemplated share split

Quantafuel AS | Key information on contemplated share split

Reference is made to the stock exchange notice by Quantafuel AS earlier today pertaining to the notice of an Extraordinary General Meeting (“EGM”) to be held on 3 July 2020.

The Board of Directors wishes to accommodate the liquidity of Quantafuel’s shares. Furthermore, Quantafuel is exploring the possibility of a future listing of the shares on Oslo Børs. Based on said objectives and the proposed conversion of Quantafuel to a public limited liability company (ASA) to meet potential listing requirements, the Board has decided to propose a share split as further described below. The proposal will be presented for approval at the EGM.

Date on which the corporate action was made public: 25 June 2020

Split ratio: 1 old share will give 10 new shares

Last day inclusive right to have 1 share traded into 10 shares: 3 July 2020 (being the date of the EGM)

Ex-date: 6 July 2020

Record date: 7 July 2020

Date of approval: 3 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.