Reference is made to the annual general meeting of Quantafuel ASA (the
"Company") held on 28 May 2021 where the board of directors was authorised to
increase the share capital in connection with the Company's share option
program. As a result of exercise of options by one participant in the program,
the board has resolved to increase the Company's share capital with NOK 133.33,
by the issuance of 13,333 new shares, each with a par value of 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 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 André Moe Bakke, IR, on 18 March 2022 at CET
10:00.

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