We have noted that Quantafuel has received remarks from Oslo Børs for breach of
the continuing obligations in relation to the September 2020 private placement.
This relates to the notification on confidential basis to Oslo Børs on deferred
disclosure. No issues have been raised by Oslo Børs related to our disclosures
to the market in relation to the private placement.  

Oslo Børs was notified on confidential basis at 11:12am prior to the initiation
of wall-crossing and all conditions for the private placement were fulfilled,
hereunder confirmation on sufficient quality of the production at the Skive
plant. At our judgement this was the right time for the notification.

We note that Oslo Børs has concluded that the notification on deferred
disclosure should have happened before 9am the same day. We have made a note of
this and will adjust our routines accordingly going forward.

For further queries, please contact: 
Kjetil Bøhn, CEO +47 91573818
Kristian Flaten, CFO +47 95 09 23 22

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.

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