(Bergen, 28 July 2021) Bergen Carbon Solutions AS (Bergen Carbon Solutions/BGS,
OSE:BCS) today announces the exercise of the exclusive pre-IPO option agreement
by Saga Pure AS (Saga Pure).

Reference is made to the information document related to the Bergen Carbon
Solution listing on Euronext Growth and relevant stock exchange notices
regarding the exclusive option agreement for Saga Pure to be exercised three
months after the first day of trading.  

Saga Pure has informed Bergen Carbon Solutions of the exercise of the options,
whereby Saga Pure will subscribe to 4,978,000 shares following all necessary
corporate resolutions. The new shares are subject to a lock-up agreement.

See also the separate stock exchange announcement from Saga Pure, where Bjørn
Simonsen, CEO of Saga Pure, comments: 

"We are very happy with the development we have seen in BCS over the course of
2021, and numerous companies both domestically and internationally are now
exploring the value BCS can bring to their operations, whether they have a CO2
source, or are developing products where CNF can improve the quality and
performance. The potential for this company going forward is significant." 

Bergen Carbon Solutions will announce the subsequent board resolution, private
placement and share registration when approved and registered.

For additional information, please contact:

Jan B Sagmo, CEO, janbsagmo@bergencarbonslutions.com, +47 473 72 701
Kåre B. Voldsund, CFO, kbv@bergencarbonsolutions.com, +47 906 77 756
 
About Bergen Carbon Solutions | www.bergencarbonsolutions.no
Bergen Carbon Solutions uses innovative technology to produce carbon nanofibers,
using CO2 and Norwegian hydropower. This makes the production unique and
environmentally friendly. Bergen Carbon Solutions is listed on Euronext Growth
under the ticker BCS.

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© Oslo Bors ASA, source Oslo Stock Exchange