HydrogenPro ASA - Transactions by primary insiders or closely associated parties of a primary insider

Oslo, 13 June 2023: Reference is made to the stock exchange announcement by HydrogenPro ASA ("HYPRO" or the "Company") on 13 June 2023 regarding the successful placing of a private placement of new and existing shares (the "Offer Shares") with gross proceeds of NOK 126 million (the "Private Placement").

TM Holding AS and Richard Espeseth have entered into an agreement to lend a total number of 5,000,000 shares to Pareto Securities AS, Bryan, Garnier & Co Limited, and Bryan Garnier Securities in order to facilitate settlement on a delivery versus payment basis in the Private Placement. Respectively, TM Holding AS has lent 2,500,000 shares and Richard Espeseth has lent 2,500,000 shares.

Further, and as part of the Private Placement, a total of 250,000 existing shares will be sold by Richard Espeseth and Vivian Yanjin Chen Espeseth. The secondary share sale will be made pursuant to a secondary share sale agreement entered into between Richard Espeseth, Vivian Yanjin Chen Espeseth, Pareto Securities AS and Bryan, Garnier & Co Limited (and any related affiliated entities). Pursuant to the secondary share sale agreement, 166,667 shares will be sold on behalf of Richard Espeseth and 83,333 shares on behalf Vivian Yanjin Chen Espeseth

Please see the attached forms for further details.

For additional information, please contact:
Martin Thanem Holtet, Chief Financial Officer
Email: [e-mail]
Phone: [phone]

Ida Eilertsen Nygård, Head of Investor Relations and ESG
Email: [e-mail] 
Phone: [phone]

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.

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