ANDRITZ GROUP confirms purchase order of 18 electrolysers from HydrogenPro

7 November 2023: HydrogenPro AS (OSE: HYPRO) announced today the purchase contract for delivery of 18 units of HydrogenPro's 5.5 MW cell stacks with a total capacity of 100MW from ANDRITZ GROUP. The stock exchange notice dated 20 September 2023 announced the purchase contract for this order. A firm purchase order has now been entered into between the parties.

The value of the contract will be approx. EUR 18 million.

“This is a very important contract for both ANDRITZ GROUP and HydrogenPro and confirms the solidity of the strategic partnership between the two parties”, said Jarle Dragvik, CEO of HydrogenPro.

For further information, please contact: Jarle Dragvik, CEO, +47 911 72 734, jarle.d@hydrogen-pro.com

About HydrogenPro ASA: HydrogenPro is a technology company and an OEM for high-pressure alkaline electrolysers and supplies large-scale green hydrogen technology & systems. The Company was founded in 2013 by individuals with background from the electrolysis industry which was established in Telemark, Norway by Norsk Hydro in 1927. We are an experienced engineering team of leading industry experts, drawing upon unparalleled experience and expertise in the hydrogen and renewable energy industry.

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 Ida Eilertsen Nygård, Acting CFO and Head of IR & ESG, HydrogenPro ASA on 6 November 2023 at the time set out in this notice on behalf of the Company.