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Ocean GeoLoop ASA: Board initiates CEO succession

OCEANSelskabsmeddelelse24.07.2026, 18.05
(Verdal, 24 July 2026) Ocean GeoLoop ASA (OSE: OCEAN) announces that the board
has initiated a process to identify the next CEO of the company. Current CEO
Viggo Iversen will support an orderly handover to his successor.

"On behalf of the board, I would like to thank Viggo for his dedicated work
since 2021, first as COO and later as CEO. His comprehensive background from
business development and entrepreneurship have been important in guiding the
company through the restructuring of recent months." says Chair of the Board
Kristian Lundkvist.

The board will provide a further update once a successor has been appointed.

For further information, please contact:
Kristian Lundkvist, Chairman of the Board, Ocean GeoLoop ASA, +47 977 77177

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, on 24 July 2026 at 18:05 CET.
go Iversen\, on 24 July 2026 at 18:05 CET.\