HydrogenPro ASA - Registration of share capital increase

Oslo, 23 August 2023: Reference is made to the stock exchange announcement published by HydrogenPro ASA ("HydrogenPro" or the "Company", ticker code: HYPRO) on 18 August 2023 regarding exercise of 271,875 options under the Company's share incentive program. Following the exercise of options, the Company's board of directors resolved on 17 August 2023 to increase the share capital by a total of NOK 5,437.5, by issuance of 271,875 new shares.

The share capital increase pertaining to the issuance of shares has today been registered with the Norwegian Register of Business Enterprises. Following such registration, the share capital of the Company is NOK 1,266,000.92, divided into 63,300,046, each with a par value of NOK 0.02.

For further information, please contact:
Ida Eilertsen Nygård, Acting CFO & Head of Investor Relations and ESG
+47 986 11 952
ida@hydrogen-pro.com

About HydrogenPro:
HydrogenPro is a technology company and an OEM for high pressure alkaline electrolyser and supplies large scale green hydrogen technology & systems, all ISO 9001, ISO 45001 and ISO 14001 certified. 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 subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act