(Verdal, 28 April 2026) Ocean GeoLoop AS (Ocean GeoLoop, OSE: OCEAN) announces
that Odd-Geir Lademo will step down as CEO of CAPTURED AS. The board
acknowledges the decision and expresses its appreciation for the effort and
commitment demonstrated in the role as CEO in Ocean GeoLoop and CAPTURED since
2021.

"After an overall assessment, I have decided to resign from my position as CEO
in CAPTURED AS. Building Ocean GeoLoop and recently CAPTURED together with the
team has been an exceptional journey. As the company now enters a new commercial
phase, I have concluded that this is the right time to step aside and allow new
leadership to guide the company through its next phase. I wish the employees,
the board and Hans Gude Gudesen all the best in the future," says Odd-Geir
Lademo.

"On behalf of Ocean GeoLoop and together with Hans Gude Gudesen, I want to
express our sincere appreciation for the work Odd-Geir Lademo has done in
building Ocean GeoLoop and CAPTURED into what it is today. Under his leadership,
Gude's groundbreaking innovations have been transformed into industrial-scale
carbon capture solutions in record time," says Anders Onarheim, Chairman of the
Board of Ocean GeoLoop.

The board has appointed Lars Strøm as acting CEO. He has extensive experience
from chemical and process industries such as Borregaard, Norske Skog, NorFraKalk
and Aibel. He has leadership experience in international process and product
development and holds a degree in Chemical and Process Engineering from the
University of Surrey, UK, and an MBA from Griffith University in Australia. 

"I thank Odd Geir Lademo for his dedicated contribution to building a world
leading carbon capture platform. This transition provides an opportunity to
further conclude on the long term strategy, organizational setup and cost base
for CAPTURED in a changing market environment. This includes a disciplined
approach to capital allocation and project timing. I look forward to working
with Lars Strøm and the team and contributing to the company's continued
development" says Ole R. Jørstad, Chairman of the board of CAPTURED AS.


For further information, please contact:
Ole R. Jørstad, Chairman of CAPTURED AS, cell: +47 932 31200
Anders Onarheim, Chairman of the Board of Ocean GeoLoop, cell: +47 974 01511


About Ocean GeoLoop | www.oceangeoloop.com
Ocean GeoLoop AS uses nature's own way to solve the challenges of our time in a
circular way. The company is organized as a holding structure with three
subsidiaries: CAPTURED, COOL and Energi Teknikk AS. CAPTURED has introduced the
GeoLoop CC technology to capture CO2 from point source emissions using natural
processes. COOL develops eLoop cooling solutions for energy-efficient data
centers and industrial applications while Energi Teknikk AS is a full-service
provider of equipment and services for small hydropower plants. Together, the
companies contribute to reduced emissions and improved energy efficiency for the
green transition. Ocean GeoLoop is listed on Euronext Growth Oslo under the
ticker OCEAN.
Visit Ocean GeoLoop on LinkedIn/OceanGeoLoop. 

This information is considered to include inside information pursuant to the EU
Market Abuse Regulation 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 Viggo Iversen, Chief Operating Officer, at 28
April 2026, 08:50.