12 April 2024 - HydrogenPro ASA (OSE: HYPRO): Reference is made to the stock
exchange announcement made by HydrogenPro ASA (the "Company") on 10 April 2024
regarding a NOK 82.7 million investment in the Company through a private
placement of new shares towards ANDRITZ AG (the "Private Placement").

The share capital increase pertaining to the issuance of the shares in the
Private Placement has now been registered with the Norwegian Register of
Business Enterprises:

Share capital: NOK 1,402,433.60
Total number of shares: 70,121,680
Nominal value per share: NOK 0.02

For further information, please contact:
Martin Thanem Holtet, CFO
+47 922 44 902
martin.holtet@hydrogenpro.com

About HydrogenPro:
HydrogenPro is a technology company and an OEM for high pressure alkaline
electrolyser and supplies large scale green hydrogen plants, 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 section 5-12 of the
Norwegian Securities Trading Act and the Oslo Rule Book II.

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