Capsol Technologies ASA - Key information for the Subsequent Offering

29 Jan 2026 23:18 CET

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY
OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN

Oslo, 29 January 2026: Reference is made to the stock exchange published by
Capsol Technologies ASA ("Capsol" or "Company") on 29 January 2026 regarding a
successfully placed private placement of new shares in the Company raising
approx. NOK 45 million in gross proceeds by issuing 8,653,846 new shares, each
at a subscription price of NOK 5.20 per share (the "Offer Price") (the "Private
Placement") and a contemplated subsequent offering of up to 3,500,000 new shares
in the Company at the Offer Price, raising gross proceeds of up to NOK 18.2
million (the "Subsequent Offering").

Please see the key information below pertaining to the Subsequent Offering:

  * Date on which the terms and conditions for the subsequent offering were
announced: 29 January 2026

  * Last day of trading in CAPSL shares including subscription right: 29 January
2026

  * Ex-date: 30 January 2026

  * Record date: 2 February 2026

  * Date of approval: 29 January 2026

  * Maximum number of new shares to be issued: 3,500,000

  * Subscription price: NOK 5.20 per share

Other information:

The Subsequent Offering is subject to (among other things) (i) completion of the
Private Placement, (ii) the necessary corporate approvals, (iii) the
preparation, approval and publication of a prospectus for the Subsequent
Offering, and (iv) the prevailing market price of the Company's shares following
the Private Placement.

Subject to applicable securities law, the Subsequent Offering will be directed
towards shareholders in the Company as of 29 January 2026 (as registered in the
VPS two trading days thereafter), who (i) hold less than 4% of the current
shares outstanding in the Company, (ii) were not allocated shares in the Private
Placement, and (iii) are not resident in a jurisdiction where such offering
would be unlawful or, for jurisdictions other than Norway, would require any
prospectus, filing, registration or similar action (the "Eligible
Shareholders"). Each Eligible Shareholder is expected to be allocated, on a pro
rata basis, non-transferable subscription rights (the "Subscription Rights")
based on the number of shares registered in their name as of the Record Date.
The number of Subscription Rights granted to each Eligible Shareholder is
expected to be rounded down to the nearest whole Subscription Right. The
Subscription Rights are expected not to be listed. Over-subscription with
Subscription Rights is expected not to be allowed. Subscription without
Subscription Rights is expected not to be allowed. The subscription period in
the Subsequent Offering is expected to commence shortly after publication of the
prospectus, currently expected during March/April 2026. The Company will issue a
separate stock exchange notice with further details on the Subsequent Offering.

The Company reserves the right in its sole discretion not to conduct or to
cancel any subsequent offering based on market conditions and other relevant
factors.

Pareto Securities AS is acting as Manager in the Private Placement and the
Subsequent Offering.

Advokatfirmaet BAHR AS is acting as legal advisor to the Company in connection
with the Private Placement and the Subsequent Offering.

This information is published in accordance with the requirements of the rules
of Euronext Oslo Børs.

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