Knox Energy Solutions AS - Signed agreement regarding convertible loan

17 Jul 2024 09:54 CEST

(Oslo, 17 July 2024) Knox Energy Solutions AS (Knox, OSE: KNOX) has signed an
agreement regarding a USD 0.5 million convertible loan with an international
investor. The term of the loan is three years and the interest rate is 15% pa
(only applied if the loan is not converted).

The strike price is defined by the closing share price on July 16, plus 10%, at
NOK 24.2 per share.

The convertible loan is subject only to final documentation.

For further information, please contact:

Geir Aune, Chairman, ga@knox-energy.com

About Knox | knox-energy.com

Knox Energy Solutions AS is an international energy company, with a holding in
Rapid Oil Production Ltd. (Rapid), a UK-based oil and gas company backed by a
highly experienced board and management team.?Knox Energy Solutions AS is listed
on Euronext Growth under the ticker KNOX.

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

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