Everfuel A/S – Disclosure of large shareholding and mandatory notification of trade

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19 November 2024

Reference is made to the stock exchange announcement published on 19 November 2024 where Faro BidCo ApS announced the completion of the unregulated recommended voluntary cash offer to acquire all shares in Everfuel A/S (the "Company" or "Everfuel") except for shares owned by the Rollover Shareholders (as defined in the offer document dated 2 September 2024 (the “Offer Document”)) or held in treasury by the Company (the "Offer").

Upon completion of the Offer, Faro BidCo ApS acquired 13,394,077 shares in the Company from shareholders that accepted the Offer at a price of NOK 13 per share, which, when taken together with the shares acquired from the Rollover Shareholders, brings Faro BidCo ApS’ total holding in the Company to 78,147,881 shares, representing approximately 90.5% of the issued and outstanding share capital and votes in the Company. Consequently, Faro BidCo ApS has exceeded the 90% reportable threshold of the share capital and votes in the Company.

This information is disclosed by the Company in accordance with the requirements in section 4.3.1 of the Euronext Growth Markets Rule Book Part I and the Market Abuse Regulation article 19.

Please see the attached notification form received by the Company from Faro BidCo ApS in accordance with the Market Abuse Regulation article 19.

About the Company

Everfuel owns and operates green hydrogen infrastructure and partner with industry and vehicle OEMs to connect the entire hydrogen value chain and seamlessly provide hydrogen fuel to enterprise customers under long-term contracts. Green hydrogen is a 100% clean energy carrier made from renewable solar and wind power and key to decarbonising industry and transportation in Europe. Everfuel is an ambitious, rapidly growing company, headquartered in Herning, Denmark, and with activities in Denmark, Germany and The Netherlands, and a plan to grow across Europe. Everfuel is listed on Euronext Growth in Oslo under EFUEL.