St Energy Transition I Ltd Gunnar Eliassen Notified That He Was Tendering His Resignation As CEO

ST Energy Transition I Ltd (STET.N):

• ST ENERGY TRANSITION I LTD - ON FEB 2, 2023, GUNNAR ELIASSEN NOTIFIED BOARD, THAT HE WAS TENDERING HIS RESIGNATION AS CEO

• ST ENERGY TRANSITION I LTD - BOARD APPOINTED JAN ERIK KLEPSLAND AS CHIEF EXECUTIVE OFFICER, EFFECTIVE FEBRUARY 3, 2023

• ST ENERGY TRANSITION I LTD - KLEPSLAND WILL ALSO CONTINUE TO SERVE AS CHIEF FINANCIAL OFFICER OF COMPANY