Oslo, 8 March 2024: Reference is made to the stock exchange notice published by HydrogenPro ASA (the "Company" or "HydrogenPro", ticker code: HYPRO) on 5 March 2024 regarding the exercise of 216,000 options under its share incentive program, which would result in the issuance of a corresponding number of shares in the Company. 

The share capital increase of NOK 4,320 was today registered in the Norwegian Register of Business Enterprises. After registration of the share capital increase pertaining to the issuance of new shares, the share capital of the Company is NOK 1,270,320.92, divided into 63,516,046 shares, each with a par value of NOK 0.02. 
 
For further information, please contact:

Jarle Dragvik, CEO
+47 911 72 734
jarle.dragvik@hydrogenpro.com

Martin Thanem Holtet, CFO
+47 922 44 902
martin.holtet@hydrogenpro.com

About HydrogenPro:
HydrogenPro is a technology company and an OEM for high pressure alkaline electrolyser and supplies large scale green hydrogen technology & systems, 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 pursuant to Section 5-12 the Norwegian Securities Trading Act