Reference is made to the announcement by Hynion AS (the "Company") on 30
November 2022 regarding the commencement of a partially underwritten rights
issue in the Company (the "Rights Issue"), with tradable subscription rights
being granted to existing shareholders (the "Subscription Rights").

Exercise of Subscription Rights:
Primary insider Lars Amnell, chair of the board, has exercised 190 500
subscription rights as further detailed in the attached notification.
Primary insider Kurt Dahlberg, member of the board, has exercised 952 400
subscription rights as further detailed in the attached notification.
Primary insider Slavica Djuric, Managing Director Hynion Sverige, has exercised
192 000 subscription rights as further detailed in the attached notification.
Primary insider Bertil Rydqvist, Business Development Director Hynion Sverige,
has exercised 95 238  subscription rights as further detailed in the attached
notification.
Primary insider Pål Midtbøen, CTO Hynion AS, has exercised 95 238 subscription
rights as further detailed in the attached notification.
Primary insider Ulf Hafseld, CEO Hynion AS, has exercised 60 000 subscription
rights as further detailed in the attached notification.
In addition, the following close associates to Primary insider Ulf Hafseld has
exercised subscription rights:  Kristin Hafseld, 40 000 subscription rights,
Hedda Hafseld, 4 000 subscription rights as detailed in the attached
notifications.

This information is subject to the disclosure requirements in article 19 of
Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the
Norwegian Securities Trading Act.

For further information, please contact:

Slavica Djuric, Managing Director Hynion Sverige AB, Tel: +46 73-072 60 76,
E-mail: sd@hynion.com 

Ulf Hafseld, CEO Hynion AS, Tel: +47 908 94 153, E-mail: uh@hynion.com 

About Hynion:

Hynion builds and operates hydrogen stations in and around the largest cities in
Scandinavia. The company builds on experiences from the last 20 years, including
world-leading projects such as HyNor, CUTE, Utsira wind/hydrogen, CEP Berlin,
SHHP, NewBusFuel and H2ME, to name a few. The company's management also has
extensive experience in establishing and operating start-up companies and years
of experience in the automotive industry. For more information, go to
https://www.hynion.com.

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