Bergen Carbon Solutions AS (BCS): Block sale of existing shares completed – Notifiable transaction

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Oslo - 15 June 2021.

Reference is made to the stock exchange notice published on 14 June 2021 regarding a potential block sale of existing shares in Bergen Carbon Solutions AS (the “Company”) by Saga Pure ASA (the “Seller”).

The Seller has successfully sold 1,276,600 shares in the Company (equal to approx. 3.94% of the Company’s shares outstanding) at NOK 50 per share (the “Offering”).

Following the Offering, the Seller holds 5,476,000 shares in the Company (equal to approx. 16.92% of the Company’s shares outstanding) which are subject to a lock-up until October 2021, in addition to a right to subscribe for 4,978,000 shares which will be subject to similar lock-up.

The purpose of the Offering was to re-balance the Seller’s portfolio. The Seller will remain a large and long-term shareholder in the Company post Offering and is highly positive towards the Company’s business and market fundamentals.

The Seller is represented in the Company’s Board of Directors, by Mr. Bjørn Simonsen, and the Seller is, in relation to the Company, considered a close associate of Mr. Bjørn Simonsen. A notification form pursuant to the EU Market Abuse Regulation article 19 is attached hereto.

Fearnley Securities AS and Norne Securities AS acted as managers in the Offering.

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This information is subject of the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.