Knox Energy Solutions AS - Company update

(Oslo, 23 August 2024) Following Knox Energy Solutions' (Knox, OSE: KNOX) offer
to Rapid Oil shareholders, a total of 17.5% of Rapid Oil shares have been
accepted for conversion, of which 10% is conditional to continued listing.

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.