Oslo, Norway - 19 February 2024


Oslo, Norway, 19 February 2024: Reference is made to the stock exchange
announcement published by Capsol Technologies ASA (the "Company") on 16 February
2024 regarding a successful completion of a private placement in the Company
(the "Private Placement"). 

The following primary insiders and close associate of a primary insider of the
Company were allocated new shares in the Private Placement: 

- Wendy Lam, CEO of the Company, has been allocated 15,873 new shares in the
Company. Following the Private Placement, Wendy Lam will own 15,873 shares in
the Company, corresponding to approx. 0.03 % of the share capital.  
- Octopada AS, a company controlled by Ingar Bergh, CFO of the Company, has been
allocated 15,873 new shares in the Company. Following the Private Placement,
Ingar Bergh will own 30,673 shares in the Company, corresponding to approx. 0.05
% of the share capital.  
- Tone Bekkestad AS, a company controlled by Tone Bekkestad, CMO of the Company,
has been allocated 55,555 new shares in the Company. Following the Private
Placement, Tone Bekkestad will own 772,673 shares in the Company, corresponding
to approx. 1.28 % of the share capital.  
- Johan Jungholm, CCO of the Company, has been allocated 63,492 new shares in
the Company. Following the Private Placement Johan Jungholm will own 63,492
shares in the Company, corresponding to approx. 0.10 % of the share capital.  
- Oppkuven AS, a company controlled by Endre Ording Sund, the Company's chairman
of the Board, has been allocated 7,936 new shares in the Company. Following the
Private Placement, Endre Ording Sund will own 1,844,136 shares in the Company,
corresponding to approx. 3.05 % of the share capital.  
- Rederiaktieselskapet Skrim, a company controlled by Einar Chr. Lange, member
of the Company's board of directors, has been allocated 23,809 new shares in the
Company. Following the Private Placement, Einar Chr. Lange will own 10,831,455
shares in the Company, corresponding to approx. 17.89% of the share capital. 
- John Arne Ulvan, member of the Company's board of directors, has been
allocated 19,841 new shares in the Company. Following the Private Placement,
John Arne Ulvan will own 19,841 shares in the Company, corresponding to approx.
0.03% of the share capital.
- Wayne Thomson, member of the Company's board of directors, has been allocated
11,904 new shares in the Company. Following the Private Placement, Wayne Thomson
will own 11,904 shares in the Company, corresponding to approx. 0.02% of the
share capital.
- Miz Venture AS, a company controlled by Monika Inde Zsak, member of the
Company's board of directors, has been allocated 5,952 new shares in the
Company. Following the Private Placement, Monika Inde Zsak will own 5,952 shares
in the Company, corresponding to approx. 0.01% of the share capital.

Further information on the purchase is provided in the attached forms of
notification. 


For further information, please contact: 
Ingar Bergh
Chief Financial Officer, Capsol Technologies ASA
+47 926 20 330
ingar.bergh@capsoltechnologies.com


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

This stock exchange announcement was published by Ingar Bergh, CFO, on the time
and date provided.

About Capsol Technologies ASA
Capsol Technologies is a carbon capture technology provider with a goal to
accelerate the transition to a carbon-negative future. The company's
energy-efficient, cost-competitive and environmentally friendly solutions are
licensed out either directly to customers or through industrial partners
globally. Key segments include cement, biomass, energy-from-waste, power
generation and large industrial. Capsol is targeting significant long-term value
creation with a scalable model with an ambition of 5-10% technology licensing
market share in 2030, EUR 7-12 in licensing revenue per tonnes installed
capacity and 40-60% pre-tax profit margin. Capsol Technologies is listed on
Euronext Growth Oslo, Norway (ticker: CAPSL). For more information visit
capsoltechnologies.com.