Ocean GeoLoop AS – Notice of extraordinary general meeting

Reference is made to the stock exchange announcement made by Ocean GeoLoop AS (the "Company") on 12 May 2026 regarding the successful private placement of 72,000,000 new shares in the Company, raising gross proceeds of NOK 36 million (the "Private Placement"), and a potential subsequent repair offering of up to 4,800,000 new shares (the "Subsequent Offering").

On this background, the board of directors of the Company calls for an extraordinary general meeting to be held on 29 May 2026 at 10:00 hours CEST, with proposed resolutions to approve the issuance of shares in the Private Placement and authorize the board to issue shares in the potential Subsequent Offering. Further, it is proposed that the general meeting resolves to elect a new board, convert the company to a public limited liability company (with a preceding bonus issue in order to satisfy the requirement to have a minimum share capital of MNOK 1), convert certain shareholder loans to equity and also that it authorizes the board to issue new shares as underwriting fee to the underwriters of the Private Placement. Please see the notice of the general meeting for further information.

The extraordinary general meeting will be held on the premises of Schjødt in Tordenskiolds gate 12, 0160 Oslo.

The notice with the agenda of the general meeting and proxy forms are attached to this stock exchange announcement and will also be made available on the Company's webpage https://oceangeoloop.com/.

This information is subject to the disclosure requirements pursuant to Euronext Growth Oslo Rule Book – Part II and section 5-12 of the Norwegian Securities Trading Act.

Contacts

Anders Onarheim, Chairman of the Board, Ocean GeoLoop AS, cell: +47 97 40 15 11 Iver Båtvik, CFO, Ocean GeoLoop, cell: +971 585 32 33 17

About Ocean GeoLoop | www.oceangeoloop.com

Ocean GeoLoop AS uses nature’s own way to solve the challenges of our time in a circular way. The company is organized as a holding structure with three subsidiaries: CAPTURED, COOL and Energi Teknikk AS. CAPTURED has introduced the GeoLoop CC technology to capture CO2 from point source emissions using natural processes. COOL develops eLoop cooling solutions for energy-efficient data centers and industrial applications while Energi Teknikk AS is a full-service provider of equipment and services for small hydropower plants. Together, the companies contribute to reduced emissions and improved energy efficiency for the green transition. Ocean GeoLoop is listed on Euronext Growth Oslo under the ticker OCEAN.