Oslo, Norway - 15 February 2024 

Reference is made to the announcement on 4 January 2024 where the Board of
Directors of Capsol Technologies ASA appointed Wendy Lam as new CEO of Capsol
Technologies. 

The company is pleased to announce that from today, Wendy Lam, is the new CEO.
Capsol Technologies has ambitious plans to be a globally leading carbon capture
technology provider in a fast-growing market with its highly efficient and
environmentally safe solutions. 

"I am excited and honoured to take on the role of CEO of Capsol Technologies as
we further scale our business and take a lead role in reducing the world's
carbon emissions. Our immediate focus will be on strengthening our ties with the
industries where we can offer the strongest value propositions and increasing
our presence in North America", says Wendy Lam, CEO of Capsol Technologies. 

Lam brings over two decades of global executive leadership experience from major
international and listed industrial companies, including Baker Hughes,
Rolls-Royce, and GE. She has a proven track record of driving growth, developing
strategic partnerships, and commercialising new technologies worldwide and has
been a board member of Capsol Technologies since October 2023. Lam will
officially resign from the Board of Directors of Capsol Technologies ASA as of
today, 15 February 2024. 

"I am energised to be working with Capsol's customers, partners and our highly
competent and driven team to accelerate the world's transition to a net zero
future", Lam ends. 

As of 15 February 2024 the Board of Directors of Capsol Technologies ASA
consists of six board members: Endre Ording Sund (Chairman), Einar Chr. Lange,
Wayne G. Thomson, Ellen Merete Hanetho, John Arne Ulvan and Monika Inde Zsak.  


For further information, please contact: 
Wendy Lam 
Chief Executive Officer, Capsol Technologies ASA 
+47 915 88 330 
wendy.lam@capsoltechnologies.com 


About Capsol Technologies 

Capsol Technologies is a carbon capture technology provider with a goal to
accelerate the transition to a net zero 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. Plants with capacity below 400 000 tonnes of CO2 per year
will typically be priced in the higher part of the range. Capsol Technologies is
listed on Euronext Growth Oslo, Norway (ticker: CAPSL). For more information
visit capsoltechnologies.com. 

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