Lars Erik Fareid, VP R&D, has exercised 96,666 share options and sold a
corresponding amount of shares in Quantafuel ASA. 80,000 share options have been
exercised at NOK 4.60 per share and 16,666 share options have been exercised at
NOK 10.90 per share. The shares were sold today at an average price of NOK 54.08
per share. 

Following the transactions, Lars Erik Fareid holds 103,334 options in the
Company. The sale of shares following the exercise of the options have been made
pursuant to a settlement structure allowing for a "cash-less" exercise for the
option holder.

For further details on the transaction, please see the notification form
attached to this announcement. Please also refer to the Company's stock exchange
announcement regarding the resolution to issue shares.

This information is subject to the disclosure requirements pursuant to the
market abuse regulation article 19 and 5-12 of the Norwegian Securities Trading
Act.

For further queries, please contact: 
Kristian Flaten, CFO +47 95092322

About Quantafuel | https://quantafuel.com 
Quantafuel is a technology-based energy company converting waste plastics back
into low-carbon synthetic oil products replacing virgin oil products. Quantafuel
is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants
and plans to establish several plants throughout Europe and beyond.