Image of Wendy Lam, CEO of Capsol Technologies

Oslo, Norway, August 29, 2025 - Capsol Technologies has been awarded the next
engineering contract by an undisclosed client to include CapsolEoP[®] in a pre
-FEED study. The bioenergy with carbon capture (BECCS) project is located in
Europe with a capture capacity of more than 500,000 tonnes of CO? per year.

This award is another step forward for Capsol as its project pipeline develops
toward potential final investment decisions (FIDs). Capsol's engineering work
has begun and will be delivered in Q3 2025.

"CapsolEoP[®] being selected for the next project phase marks another important
milestone for us at Capsol. It follows the final investment decision at the
world's first full-scale plant Stockholm Exergi earlier this year, where our
technology is now moving into construction. Together, these projects underline
the competitiveness of Capsol's solution for BECCS, while also demonstrating the
growing role of our technology in advancing projects toward bankability. While
the client has not yet made a final technology selection, our inclusion at this
stage is a strong signal of confidence in our capabilities," said Wendy Lam, CEO
of Capsol Technologies.

CapsolEoP[®] is particularly attractive for biomass plants thanks to its
patented carbon capture and heat recovery system, which returns waste heat to
district heating networks and improves energy efficiency, alongside strong HSE
performance.

"The attractiveness of carbon capture at biomass projects continues to
strengthen through the uptick in voluntary CDR markets. So far, 2025 has already
surpassed the record volumes from 2024, providing clear evidence of the
willingness to pay for voluntary carbon removal credits. The result is further
confidence in this additional revenue stream for plant operators and a stronger
business case," concluded Wendy Lam.

Within this industry, Capsol has a mature pipeline of more than 5 million tonnes
of annual CO? capture capacity. In March 2025, Stockholm Exergi moved ahead with
the world's first large-scale BECCS project using Capsol's technology. In
parallel, Capsol is advancing in the energy-from-waste sector, where the
solution has been proven in practice through six CapsolGo[®] demonstration
campaigns at plants across Europe.

For further information, please contact:
Jacob Zeno Clausen Krøvel

SVP Investment and Strategy, Capsol Technologies

+47 484 03 225

jacob.krovel@capsoltechnologies.com

About Capsol Technologies

Capsol Technologies ASA is a carbon capture technology provider with a goal of
accelerating the 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.

To receive Capsol's stock exchange and press releases via email, subscribe at
capsoltechnologies.com/investors