Reference is made to the stock exchange notice by Quantafuel ASA on 18 March
2022 regarding the share capital increase carried out in connection with the
exercise of options for 13,333 shares under Quantafuel's share option program. 

The new share capital and number of shares have been registered with the
Norwegian Register of Business Enterprises. 

Share capital: NOK 1,650,285.13 
Number of shares: 165,028,513 
Par value of each share: NOK 0.01 

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 subject of the disclosure requirements pursuant to Euronext
Growth Oslo Rule Book - Part II section 3.10

This announcement was published by André Moe Bakke, IR, on 24 March 2022 at
10:20 CET.

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