HydrogenPro ASA – Registration of share capital increase

Oslo, 21 June 2023: Reference is made to the stock exchange announcement published by HydrogenPro ASA (“HYPRO” or the “Company”) on 13 June 2023 regarding the successful placement of new shares (the "New Shares") and existing shares in the Company with total gross proceeds of NOK 126 million, consisting of a primary offering raising gross proceeds of NOK 120 million and a secondary sale of shares with gross proceeds of NOK 6 million (the "Private Placement").

The share capital increase related to the issuance of New Shares in the Private Placement has today been registered with the Norwegian Register of Business Enterprises.

Following such registration, the share capital of the Company is NOK 1,260,563.42 divided into 63,028,171 shares, each with a par value of NOK 0.02.

This information is subject to the disclosure requirements pursuant to Section 5-1 of the Norwegian Securities Trading Act.

For additional information, please contact:
Martin Thanem Holtet, Chief Financial Officer
Email: martin@hydrogen-pro.com
Phone: +47 922 44 902

Ida Eilertsen Nygård, Head of Investor Relations and ESG
Email: ida@hydrogen-pro.com 
Phone: +47 986 11 952

About HydrogenPro:
HydrogenPro is a technology company and an OEM for high pressure alkaline electrolyser 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.