Reference is made to the stock exchange announcement made by Capsol Technologies ASA ("Capsol") earlier today regarding the resolution by the board of directors of Capsol to issue 3,111,618 new shares in Capsol, each with a nominal value of NOK 0.5, in connection with a directed share issue towards Munters Frontier Invest AB ("Munters") at a subscription price of NOK 7.54 per share (the "Share Capital Increase"). Following the completion of the Share Capital Increase, which is expected to be completed shortly, Munters will hold a total of 4,914,035 shares in Capsol, representing 7.81% of the outstanding shares and voting rights, thereby exceeding the 5% threshold for disclosure of large shareholdings.

This disclosure is made pursuant to Section 4-2 of the Norwegian Securities Trading Act.