On March 12, 2023, Monica Tiúba notified the Board of Directors of FREYR Battery, a corporation in the form of a public limited liability company (société anonyme) incorporated under the laws of Luxembourg (the “Company”), that she will not stand for re-election as a director of the Company at the Company's annual general meeting of shareholders in 2023 (the “AGM”), and therefore will no longer serve as a director of the Company or on any committee of the Board, effective as of the day following the AGM. Ms. Tiúba has served as a director of the Company since July 2021 and currently serves as Chairperson of the Audit and Risk Committee. Her decision to not stand for re-election was for personal reasons and not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices (financial or otherwise), and she will continue in her roles until the AGM.