FREYR Battery appointed Jason Forcier and Dr. Dan Steingart as independent members of the Company's Board of Directors effective December 21, 2022, and January 9, 2023, respectively. The appointments are intended to fill vacancies created by the departures of Jeremy Bezdek and Jon Christian Thaulow from FREYR's Board of Directors. On January 9, 2023, FREYR's Board appointed Dr. Dan Steingart as an independent director of the Company, effective January 9, 2023.

Dr. Steingart is the Stanley-Thompson Professor of Chemical Metallurgy at Columbia University where he is also the co-director of the Columbia Electrochemical Energy Center. Over the last decade, his research in energy storage has been adopted by various industries and has led directly or indirectly to five electrochemical energy-related startup companies. Additionally, Dr. Steingart has served as Chief Scientist/Advisor to ElectraSteel since 2020, Co-Founder of Liminal Insights Inc. since 2015 and Industry Advisor to Sila Nanotechnologies Inc. since 2016.

As previously announced, Jason Forcier joined FREYR's Board of Directors on December 21, 2022. Mr. Forcier currently serves as Chief Executive Officer of SVP Worldwide. Mr. Forcier's previous experience includes positions as Chief Operations Officer and other senior manufacturing, supply chain and quality roles at Vertiv Holdings Co from 2017 to 2022; and eight years at A123 Systems, a global manufacturer of lithium-ion batteries, where he was the Chief Executive Officer from 2013 until 2017 and member of the board of management.