Reference is made to the stock exchange notice by Quantafuel ASA on 24 May 2022
regarding the agreement with our financial partner Eurazeo for the development
and operation of the 50/50 joint venture for a plastic waste sorting facility in
Esbjerg, Denmark. Following final environmental approval and completing of
closing conditions and documents, we are happy to announce that the financing
process has been successfully completed. Quantafuel ASA, through Quantafuel
Denmark ApS, has sold 50% of the shares in Quantafuel Esbjerg ApS (now: Resource
Denmark ApS) to Eurazeo. Eurazeo has committed a total of EUR 40 million to the
project.

Remaining condition subsequent is the final building permit expected to be
received before year end 2022.

For further queries, please contact: 

Lars Rosenløv, CEO +47 93018040 
Kristian Flaten, CFO +47 95092322 

About Quantafuel | https://quantafuel.com
Quantafuel is a technology-based energy company converting waste plastics back
into low-carbon synthetic oil products replacing virgin oil products. Quantafuel
is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants
and plans to establish several plants throughout Europe and beyond.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation, and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange
announcement was published by Kristian Flaten, CFO, 12 July 2022 at CET 15:20.

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