Viridor Limited agreed to acquire remaining stake in Quantafuel AS (OB:QFUEL) for approximately NOK 180 million on January 29, 2024. Under the terms of agreement, the board of directors of Planets UK has resolved to carry out a compulsory acquisition of all remaining 27,735,977 shares in Quantafuel AS (the "Minority Shares") with immediate effect, pursuant to section 4-26 of the Norwegian Private Limited Liability Companies Act. Planets UK is a close associate of Kevin Bradshaw (chair) and Omar Shafi Khan (member) of the board of directors of Quantafuel.

Thus, please see the attached form for further details. The redemption price offered for each Minority Share in the compulsory acquisition will be NOK 6.38 (the "Redemption Price"). The Redemption Price offered per Minority Share is equal to the price in the Offer.

The full redemption amount has been transferred to a separate bank account in accordance with section 4-26 of the Norwegian Private Limited Liability Companies Act. Post completion of the acquisition, the rights and ownership of the Minority Shares will automatically be transferred to Planets UK. Accordingly, Planets UK will as from the date hereof directly and indirectly own 100% of the outstanding shares of Quantafuel.

Following the compulsory acquisition, Planets UK will pursue a delisting of the shares of Quantafuel from Euronext Growth Oslo. A separate announcement will be made regarding such delisting.