(Bergen, 21 December 2022): Bergen Carbon Solutions AS (BCS, OSE: BCS)

Reference is made to previous stock notice from 30 June 2022.

Bergen Carbon Solutions AS has since late September conducted testing at BIR's
waste management plant in Rådalen, where the goal has been to verify that our
production units can produce carbon nano products directly from flue gas. We are
happy to announce that results from testing at BIR indicates that BCS'
technology is successful in this. The product is not severely inhibited by
impurities and other components in flue gas as per preliminary results.

The report with detailed analysis will be delivered to Enova as part of the
project agreement, including characterization of the product and the electrolyte
to see how impurities in flue gas have affected this over time.

The results show our potential in the CCUS-value chain, where our technology can
be a game changer in utilizing industrial CO2 emissions to produce highly valued
carbon products and oxygen. For efficiency reasons we will continue to use
concentrated and captured CO2 to feed our production, but the project has given
us increased confidence about the robustness of our technology.

For further information, please contact: 
Finn Blydt-Svendsen, Interim CEO, fbs@bergencarbonsolutions.com, +47 930 40 797
Fredrik Øksnes, CCO, fredrik.oksnes@bergencarbonsolutions.com, +47 975 67 318

-ENDS-

About Bergen Carbon Solutions
Bergen Carbon Solutions aims to pioneer a new Norwegian industry for
ground-breaking, environmentally friendly material-technology. Bergen Carbon
Solutions utilizes CO2 and Norwegian hydropower to create carbon products such
as nanofibers, nanotubes, and graphite. Bergen Carbon Solutions is listed on
Euronext Growth under the ticker BCS.