Ocean GeoLoop ASA: Completion of sale of shares in Ocean Tunicell AS

Reference is made to the announcement made by Ocean GeoLoop ASA (the "Company") on 31 August 2026, where it was announced that the Company's subsidiary Captured AS ("Captured") had entered into a binding share purchase agreement to sell all its shares in the subsidiary Ocean Tunicell AS to Lifecare ASA (the "Share Sale"). All conditions for completion of the Share Sale have been satisfied or waived and the Share Sale has today been completed. As consideration for the Share Sale, Captured will receive new shares in Lifecare ASA (the "Consideration Shares"). A total of 18,215,467 Consideration Shares will be issued at a subscription price per share of NOK 0.287136. The Consideration Shares will be subject to a lock-up period of nine months. For further information about a potential additional contingent consideration, please see the Company's announcement dated 31 August 2026.

ENDS

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.