COOL testing initiated

(Verdal, June 25, 2026) Ocean GeoLoop ASA (Ocean GeoLoop, OSE: OGL) has initiated testing of the COOL technology.

Ocean GeoLoop ASA refers to previous communications regarding the development of its COOL technology. An extensive test program is currently underway at the test site at SINTEF´s premises in Trondheim. The size of the cooling module tested is relevant as one of several modules in a commercial cooling unit for data centers.

Final results remain subject to further testing, assessment and validation, and third party validated results are expected by primo September. The Company will update the market when these results have been assessed.

ENDS For further information, please contact: Martha Kold Monclair, Chairman of the board, Ocean GeoLoop AS, cell: +47 909 92 949 Viggo Iversen, CEO, Ocean GeoLoop AS, cell: +47 474 56 601 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.