Reference is made to the stock exchange notice by Quantafuel ASA on 6 April 2022
regarding the share capital increase carried out in connection with the
settlement of ownership of UK project developments for 800,000 shares to Midas
Group AS.

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

Share capital: NOK 1,658,285.13
Number of shares: 165,828,513
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 section
4.2.4 of the Euronext Growth Oslo Rule Book - Part II of 1 March 2022.

This announcement was published by André Moe Bakke, IR, on 12 April 2022 at
09:40 CET.

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