Capsol Technologies ASA ("Capsol" or the "Company") announces that its Nomination Committee has proposed Chris Barkey as the new Chair of the Board, to succeed Endre Ording Sund, who previously announced he will step down upon the conclusion of his term in 2025. Sund has been an integral part of Capsol`s successful growth journey since joining the Board of Directors in 2018 and serving as Chair since 2020. The nomination of the new Chair will be presented for shareholder approval at the Annual General Meeting on May 21, 2025.

Chris Barkey brings extensive experience in advanced engineering and technology leadership, with a career spanning leading roles at global industrial companies. He is a former Chief Technology Officer of Baker Hughes, Group Director of Engineering & Technology at Rolls-Royce plc, and CEO of the Henry Royce Institute, the UK's national institute for advanced material science. He currently serves as Non-Executive Director of ELE Advanced Technologies Ltd and as a Senior Strategic Advisor for Net Power LLC. Mr. Barkey is a Chartered Engineer and a Fellow of the Royal Academy of Engineering, the Royal Aeronautical Society, and the Institute of Mechanical Engineers.

"Chris Barkey's deep expertise in engineering and technology leadership aligns well with Capsol's strategic ambition to scale its carbon capture technologies globally. His track record of guiding technology-driven businesses through international expansion makes him an excellent candidate to support Capsol's next phase of growth," said Jan Kielland, Chairman of the Nomination Committee.

For further information, please contact:

Ingar Bergh

Chief Financial Officer, Capsol Technologies ASA

+47 926 20 330

ingar.bergh@capsoltechnologies.com

About Capsol Technologies

Capsol Technologies ASA is a carbon capture technology provider with a goal of accelerating the world's transition to a net zero future. The technology combines inherent heat recovery and generation in a stand-alone unit based on a proven and safe solvent. Capsol's technology is licensed either directly to customers or through industrial partners globally. Key segments include cement, biomass, energy-from-waste, and gas turbines. Capsol Technologies is listed on Euronext Oslo Børs (ticker: CAPSL). For more information visit capsoltechnologies.com.  

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