Hyon AS: Knox Energy Solutions AS - Correction - Mandatory notification of trade - issuance of warrants

(Oslo, 27 August 2024) Knox Energy Solutions AS (Knox, the "Company", OSE: KNOX) refers to the Company's stock exchange announcements on 23 August 2024 regarding, inter alia, the completion of an extraordinary general meeting in the Company (the "EGM"). In alignment with the resolution under the EGM minutes item 4, Blue Concept Ltd. has been allocated a number of warrants in the Company equivalent to the warrants initially granted at the extraordinary general meeting on 16 April 2024, which expired on 31 June 2024. Considering the extension of the Rapid Offer, as defined and further described in the stock exchange announcement on 23 August 2024, the deadline for exercising the warrants has been set to 27 August 2024.

Blue Concept Ltd is a company closely associated with Geir Aune, who is both chairman of the board of directors in the Company and in Blue Concept Ltd.

Please see the attached notification of trade for information regarding the receipt of warrants by a company closely associated with a primary insider.

This information is subject to the disclosure requirements pursuant to article 19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Geir Aune, Chairman, ga@knox-energy.com

Harald B. Hansen, CEO, hh@knox-energy.com

About Knox | knox-energy.com

Knox Energy Solutions AS is an international energy company, with a holding in Rapid Oil Production Ltd. (Rapid), a UK-based oil and gas company backed by a highly experienced board and management team. Knox Energy Solutions AS is listed on Euronext Growth under the ticker KNOX.