(Lysaker, Norway, February 26th 2023): TECO 2030 ASA has been notified by
primary insiders of a transfer in ownership. TECO Group AS has distributed a
dividend of 5,041,430 shares to its owners, including parties closely related to
TECO 2030 primary insiders Sigurd Gaarder Lange (Chairman), Tore Enger (Group
CEO) and Tor-Erik Hoftun (COO). 

After the transaction: 
Sigurd Gaarder Lange holds 425,320 shares through his fully owned company Lange
Industries AS. Sigurd Lange also holds 1,500,000 share options in the Company.
Tore Enger holds 3,831,487 shares through his fully owned company TECO Holding
AS. Tore Enger also holds 1,500,000 share options in the Company. 
Tor-Erik Hoftun holds 2,816,371 shares through his fully owned company Equitor
AS. Tor-Erik Hoftun also holds 900,000 share options in the Company.

TECO Group AS holds 47,000,000 shares after the transaction, in which Tore Enger
holds 76%, Sigurd Lange holds 8% and Tor-Erik Hoftun holds 2,96% of TECO Group
AS.

In addition, TECO Holding AS transferred 100,000 shares to Bettina Nowak, TECO
2030 Inc. CEO, who holds 8,107,430 shares in the company after this transfer.
TECO Holding AS now holds 3,731,487 shares in the company.

About:

TECO 2030 is building up Europe's first Giga production facility of hydrogen PEM
fuel cell stacks and modules in Narvik, Norway. The production capacity will be
built up through 2023 and early 2024, targeting an output capacity of 120 MW of
fuel cells in 2024, 400 MW in 2025 and 1.6 GW in 2030.

TECO 2030 is a Norwegian based clean tech company developing zero-emission
technology for the maritime and heavy industry. We are developing PEM hydrogen
fuel cell stacks and PEM hydrogen fuel cell modules, that enable ships and other
heavy-duty applications to become emissions-free. The company is listed on
Euronext Growth on Oslo Stock Exchange under the ticker TECO and in New York,
OTCQX under the ticker TECFF. TECO2030 is a spinoff from TECO Maritime Group, a
group that has provided technology and services to the global shipping industry
since 1994. For more information, please visit www.teco2030.no.

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© Oslo Bors ASA, source Oslo Stock Exchange