Knox Energy Solutions AS - Company update

(Oslo, 27 September 2024) Knox Energy Solutions AS (Knox, OSE: KNOX) has been
negotiating with Inpector related to a potential investment in a production
project and has stopped pursuing an agreement, based on certain conditions
currently not being met.

For further information, please contact:

Geir Aune, Chairman, ga@knox-energy.com

Harald B. Hansen, CEO,?hh@knox-energy.com

About Knox | knox-energy.com

Knox Energy Solutions AS is an international energy company, with a holding in
Rapid Oil Production Ltd. (Rapid), a UK-based oil and gas company backed by a
highly experienced board and management team.?Knox Energy Solutions AS is listed
on Euronext Growth under the ticker KNOX.