HydrogenPro AS - Share capital increase in connection with exercise of options registered with the Norwegian Register of Business Enterprises

HydrogenPro AS - Share capital increase in connection with exercise of options registered with the Norwegian Register of Business Enterprises Oslo, 3 March 2021 - Reference is made to the stock exchange notice by HydrogenPro AS ('HydrogenPro' or the 'Company') published on 15 February 2021 regarding a share capital increase following the exercise of share options. The issuance of 36,995 new shares has been registered with the Norwegian Register of Business Enterprises. Following registration, the share capital of HydrogenPro is NOK 57,806.307 divided into 57,806,307, each with a nominal value of NOK 0,001. Each share represents one vote in the Company's general meeting. For more information, please contact: Walter Qvam, Chairman +47 905 25 226 [email protected] Mårten Lunde, CEO +47 48 14 84 51 [email protected] HydrogenPro in brief: HydrogenPro was founded in 2013 and the Company's principal business is to provide customised turn-key plants for large-scale production of green hydrogen to global industrial clients. The Company's activities include design, engineering and optimization of such plants, purchasing of parts, components and sub-systems for integration into complete plants and systems for hydrogen production. The activities also include commissioning and testing of such plants before they are accepted by clients of the Company. As part of its business model, the Company will also seek to secure service and maintenance agreements related to such hydrogen production plants. The Company aims to be a world leading designer and supplier of alkaline electrolyser technology plants and solutions that meet the highest requirements for safety, reliability and long lifetime at competitive cost. By combining in-depth knowledge from the electrolyser industry with innovative design and technologies, HydrogenPro continuously aspire to pioneer game-changing ideas and solutions to realise and maximise new opportunities in a smarter, sustainable and hydrogen powered future. The Company has been chosen supplier for several important contracts within the large-scale segment of the electrolyser market during the last couple of years and is now preparing itself for execution of these projects. HydrogenPro will shortly embark on a program to strengthen its organisation and recruit new talent interested in building a company which offer truly sustainable energy solutions for the future. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act