Conversion to private limited liability company registered

Reference is made to the stock exchange notice by Quantafuel ASA (the "Company") on 12 May 2023 regarding the extraordinary general meeting held the same day where it inter alia was resolved to convert the legal form of the Company from a public limited liability company to a private limited liability company (AS).

The conversion of the legal form and the accompanying name change to "Quantafuel AS" have now been registered with the Norwegian Register of Business Enterprises.

This information is subject to the disclosure requirements pursuant to the Euronext Growth Rule Book part II.

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. Viridor Limited owns more than 80% of Quantafuel's shares and votes.