Knox Energy Solutions AS

Legal Proceedings Report • Sep 12, 2023

Hyon AS - CORRECTION - Key dates liquidation dividend

Hyon AS - CORRECTION - Key dates liquidation dividend

Drammen, Norway, 12 September 2023.

Reference is made to Hyon AS' (HYON) ("Company") announcement on 1 September on

key dates relating to a liquidation dividend if the Company is dissolved

pursuant to a resolution by the general meeting.

The Company hereby announces a correction that the Company's share will trade

including the right to receive dividend until the Company's general meeting has

resolved an audited liquidation budget including any liquidation dividend.

A liquidation budget will be presented to a second general meeting following a

creditor notice period of six weeks, if the general meeting on 15 September 2023

is completed with a resolution on dissolving the Company being validly made.

Further to the above, investors should disregard the key information on right to

dividend announced on 12 September 2023. Any resolution by the general meeting

on 15 September 2023 will be amended accordingly. Key dates for any liquidation

dividend will be announced when decided.

For further inquiries, please contact:

Jørn Kristian Lindtvedt CEO (jorn.lindtvedt@hyon.energy), or Otto Søberg

Chairman of the Board (Otto.Soeberg@outlook.com).

This information is subject to the disclosure requirements pursuant to section 5

-12 the Norwegian Securities Trading Act.

Forward-looking statements

Matters discussed in this announcement may constitute forward-looking

statements. Forward-looking statements are statements that are not historical

facts and may be identified by words such as "believe", "expect", "anticipate",

"strategy", "intends", "estimate", "will", "may", "continue", "should" and

similar expressions. The forward-looking statements in this release are based

upon various assumptions, many of which are based, in turn, upon further

assumptions. Although the Company believe that these assumptions were reasonable

when made, these assumptions are inherently subject to significant known and

unknown risks, uncertainties, contingencies and other important factors which

are difficult or impossible to predict and are beyond their control. Actual

events may differ significantly from any anticipated development due to a number

of factors, including without limitation, changes in public sector investment

levels, changes in the general economic, political and market conditions in the

markets in which the Company operates, the Company's ability to attract, retain

and motivate qualified personnel, changes in the Company's ability to engage in

commercially acceptable acquisitions and strategic investments, and changes in

laws and regulation and the potential impact of legal proceedings and actions.

Such risks, uncertainties, contingencies and other important factors could cause

actual events to differ materially from the expectations expressed or implied in

this release by such forward-looking statements. The Company does not make any

guarantee that the assumptions underlying the forward-looking statements in this

announcement are free from errors nor does it accept any responsibility for the

future accuracy of the opinions expressed in this announcement or any obligation

to update or revise the statements in this announcement to reflect subsequent

events. You should not place undue reliance on the forward-looking statements in

this announcement.

The information, opinions and forward-looking statements contained in this

announcement speak only as at its date, and are subject to change without

notice. The Company does not undertake any obligation to review, update,

confirm, or to release publicly any revisions to any forward-looking statements

to reflect events that occur or circumstances that arise in relation to the

content of this announcement.

This announcement is for information purposes only and is not to be relied upon

in substitution for the exercise of independent judgment. It is not intended as

investment advice and under no circumstances is it to be used or considered as

an offer to sell, or a solicitation of an offer to buy any securities or a

recommendation to buy or sell any securities of the Company.