"The first half of 2022 follows up on a successful 2021. With the takeover of
the hydrogen station in Sandviken in February Hynion became the largest operator
in Norway/Sweden. Volumes are picking up at Høvik station. During the first half
year the volumes of hydrogen sold more than doubled compared with same period
last year. We are pleased to observe an ever increasing number for taxies
driving on hydrogen.  The stations in Porsgrunn and Gothenburg are suffering
from long processes for approval but are steadily moving closer to normal
operation. The capital raised when listing on Euronext Growth has been spent
carefully through a lean and efficient organisation and station build-up. With
the announcement of funding for two next-generation stations from the Sweden
government in July, Hynion is on track with the plan for the first network of
stations in Norway and Sweden," says Ulf Hafseld, CEO of Hynion 
Highlights 1H2022

o The Høvik station operates with very high up-time and record-growing volumes.
Taxi fleet expanding steadily.
o Sandviken station (north of Stockholm) purchased from Linde. Agreement with
X-trafik to refuel two buses.
o Collaboration with Hyrex within the maritime sector; Hynion to supply hydrogen
to Hyrex leisure boats.
o Launch of project Waterline for ten combined land and sea refuelling stations
along the coastline in East Norway.
o Exploring possibilities for public co-funding in Norway and Sweden for
hydrogen production units and stations through applications in several projects.

Key Financials
o Hynion had revenues of NOK 1.7 million in the first half 2022, compared to NOK
0.9 million for first half 2021. 
o Operating profit was negative 15.8 NOK million, compared to negative NOK 8.2
million for first half 2021. Net profit was negative NOK 15.8 million, compared
to negative NOK 8.2 million for first half 2021
o The cash balance at end of the reporting period was NOK 21.1 million, compared
to NOK 56.1 million at the end of first half 2021

Important events after the end of the period
Funding of 61,4 MSEK for two new, large stations received from Swedish
authorities early July. Giving a substantial contribution to the development of
Hynions next phase of expansion. The stations shall be in operation by end Q3
2023 and have capacity of 1500 kg/day to serve heavy duty transports.

The Interim Report is attached and can also be found on our website
www.hynion.com

For additional information, please contact:
Ulf Hafseld, CEO, +47 908 94 153, uh@hynion.com
 Vibeke Schönfeld, CFO, +47 454 87 101, vs@hynion.com 
Slavica Djuric, Investor Relations and Man.dir. Hynion Sverige, +46 73 072 6076,
sd@hynion.com

About Hynion AS
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.

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