Ocean GeoLoop intends to sell its subsidiary Ocean Tunicell

(Verdal, June 19, 2026) Ocean GeoLoop ASA (Ocean GeoLoop, OSE: OGL) has today entered into a Heads of Terms agreement to sell all shares in its subsidiary Ocean Tunicell AS ("OTC") to a third party.

The agreement is non-binding and can or can not be executed. A due diligence process is in progress, and the result is expected soon.

There will be no cash element in the deal, and Ocean GeoLoop might receive shares and warrants in the acquiring company with a face value of approximately 5-10 million NOK.

ENDS For further information, please contact: Ole Jørstad, Member of the board, Ocean GeoLoop AS, cell: +47 932 31 200 About Ocean GeoLoop | www.oceangeoloop.com Ocean GeoLoop ASA uses nature’s own way to solve the challenges of our time in a circular way. The group is organized around COOL, which develops energy-efficient cooling solutions for AI data centers and industrial applications, and Energi Teknikk AS, a full-service provider of equipment and services for small hydropower plants. CAPTURED, which developed the GeoLoop carbon capture technology, is being scaled down. Ocean GeoLoop is listed on Euronext Growth Oslo under the ticker OCEAN.

Visit Ocean GeoLoop on LinkedIn/OceanGeoLoop. This information is considered to include inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Viggo Iversen, CEO, at 19 June 2026, 13:03.