Reference is made to the extraordinary general meeting of Quantafuel ASA (the
"Company") held on 3 July 2020 where the board of directors was authorised to
increase the share capital in connection with the Company's share option
program. 

As a result of exercise of options by a former employee of the Company, the
board has resolved to increase the Company's share capital with NOK 1,000, by
the issuance of 100,000 new shares, each with a par value of NOK 0.01. 

For further queries, please contact: 
Kristian Flaten, CFO +47 95 09 23 22

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.