Soiltech ASA (OSE: STECH)
Sandnes, Norway, 30 October 2024

Soiltech's nomination committee propose that Dag Schjerven is elected as new
chair of the board. The current chairman Gunnar Winther Eliassen has informed
that he will step down from his position. The nomination committee would like to
thank Gunnnar for his contribution to Soiltech. 

"It has been a privilege to serve as Chairman of Soiltech. Due to other
commitments I have to step down from the board but whish the company best of
luck continuing executing on its strategy where Soiltech is very well positioned
in a growing market", says Gunnar Winther Eliassen.

Dag Schjerven has more than 30 years of operational experience, including
serving as President and CEO of Wilhelmsen Maritime Services from 2005 to 2017.
During his service, Mr. Schjerven was a driving force in developing the maritime
service segment into a substantial part of the Wilhelmsen group. Previously he
served as EVP in Dyno Industrier and CEO in Ving Card. Mr Schjerven currently
holds the position as vice chair of Nammo AS.

The company will convene an EGM shortly.

About Soiltech
Soiltech is an innovative technology company specializing in the treatment,
recycling and sustainable handling of contaminated water and solid waste on
site. Our technologies enable cost savings and lower CO2 emissions through waste
reduction, waste recovery and reuse. 

Soiltech operates world-wide and is headquartered in Norway. 

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

For more information, contact:
Tove Vestlie, CFO
Telephone: (+47) 90 69 06 48
Jan Erik Tveteraas, CEO
Telephone: (+47) 95 21 49 25