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Regulatory press release

CAPSL: Capsol Technologies establishes Advisory Board to support international expansion

Capsol Technologies
Capsol Technologies ASA, a provider of carbon capture technology to large
emitters, today announces an international Advisory Board as part of the
company's global scale-up.

The Advisory Board brings together seasoned experts from industry, technology
development, commercialization, academia, and government policy.

With the recent addition of Chris Barkey, former CTO of the leading energy
technology company Baker Hughes, the Advisory Board is now complete.

"I am happy to join as an independent advisory board member for Capsol
Technologies, sharing the passion about driving the energy transition by
embracing and sharing new ideas for sustainable progress to mitigate climate
challenges," said Chris Barkey.

"Establishing our Advisory Board marks a key step in our global expansion. These
industry experts will contribute to the growth journey of Capsol to reduce
global emissions as a provider of proven and cost-competitive carbon capture
technologies," said Wendy Lam, CEO of Capsol Technologies.

The Advisory Board consists of the following members:

· Chris Barkey (the UK), former CTO of Industrial Energy Technology for Baker
Hughes, former Group Director, Engineering & Technology for Rolls-Royce plc, and
former CEO of the Henry Royce Institute, the UK national institute for advanced
material science, in addition to a number of board roles
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