Aker Carbon Capture signs Letter of Intent for large carbon capture project

Aker Carbon Capture has signed a Letter of Intent for the delivery of two Just
Catch units for an undisclosed European customer. Both units will be part of a
project with a capture capacity of 200,000 tonnes CO2 per year. The final
investment decision is expected in the second quarter of 2023.

"We are pleased to announce that we have reached an important milestone for the
development of this large carbon capture project. With our field-proven carbon
capture technology we are dedicated to help decarbonize our customer's
industrial operations. Today, we are already in the construction phase of two
flagship projects, one in Norway and one in the Netherlands. This new project is
a clear testimony of our ambition to be a carbon capture frontrunner. Carbon
capture, utilization and storage is crucial to reduce industrial emissions and
mitigate climate change. The time to act is now," says Valborg Lundegaard, Chief
Executive Officer at Aker Carbon Capture.

At Twence's waste to energy facility in the Netherlands, Aker Carbon Capture is
currently delivering a Just Catch unit with a capacity of 100,000 tonnes CO2 per
year. This plant will be in operation by the end of 2023.

Aker Carbon Capture's Just Catch modular concept is a standardized product that
enables prefabrication of carbon capture units. The plants can be operational
within two years. The Letter of Intent for two Just Catch units marks a
milestone in the company's mission to mass produce carbon capture units for the
mid-scale emitter market.

ENDS

Media contact:
Yannick Vanderveeren, mob: [phone] (http://tel:[phone]),
email: [e-mail]
Investor contacts:
David Phillips, mob: [phone] (http://tel:[phone]), email:
[e-mail]
Christian Yggeseth, mob: [phone] (http://tel:[phone]), email:
[e-mail]

Aker Carbon Capture is a pure-play carbon capture company with solutions,
services and technologies serving a range of industries with carbon emissions,
including the cement, bio and waste-to-energy, gas-to-power and blue hydrogen
segments. Aker Carbon Capture's proprietary, carbon-capture technology offers a
unique, environmentally friendly solution for removing CO2 emissions.

Visit akercarboncapture.com (https://www.akercarboncapture.com/) and connect
with us on LinkedIn (https://www.linkedin.com/company/aker-carbon
-capture), Facebook (https://facebook.com/akercarboncapture),
Twitter (https://twitter.com/akercarbon),
Instagram (https://www.instagram.com/akercarboncapture/) and
YouTube (https://www.youtube.com/channel/UCqE71jAZxmM-CNhfUQq86kQ). This press
release may include forward-looking information or statements and is subject to
our disclaimer, see akercarboncapture.com (https://www.akercarboncapture.com/).

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation, and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange announcement was published by Katja Aanestad, Marketing
Communications, Aker Carbon Capture on 3 January, 2023 at CET 08:00.

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