Leadership update from the Board of Blastr

Dear Stakeholders,

Blastr Green Steel (hereafter Blastr) and Mark Bula have reached an agreement regarding his departure from Blastr.

Mark has played a key role in bringing Blastr to where it is today, and the Board would like to thank him for his contribution. The Board wishes Mark every success for the future.

The Board and management team remain fully committed to the continued development of the Blastr companies and to maintaining strong relationships with our partners, suppliers and employees.

All existing business operations and commitments continue as normal. For any questions regarding the above changes, please contact your usual Blastr representative.

Olaf Wigstol, Chairman, Blastr Green Steel AS