13 January 2025 - HydrogenPro ASA (OSE: HYPRO): Reference is made to the stock
exchange announcement made by HydrogenPro ASA (the "Company") on 23 December
2024 regarding, inter alia, a private placement of 12,700,000 new shares (the
"New Shares") towards its existing shareholders ANDRITZ AG and Mitsubishi Heavy
Industries, Ltd., raising gross proceeds of approx. NOK 70 million to the
Company.

The share capital increase pertaining to the issuance of the New Shares has now
been registered with the Norwegian Register of Business Enterprises:

Share capital: NOK 1,656,433.60
Total number of shares: 82,821,680
Nominal value per share: NOK 0.02

5,281,300 of the New Shares issued will be issued on a separate ISIN and will
not be tradable on Euronext Oslo Børs until a prospectus has been approved by
the Financial Supervisory Authority of Norway and published by the Company.

For further information, please contact:
Martin Thanem Holtet, CFO
+47 922 44 902

About HydrogenPro:

HydrogenPro is a technology company and an OEM for high pressure alkaline
electrolyser systems for 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.