HydrogenPro ASA

HydrogenPro ASA - Registration of share capital increase

Oslo, 23 August 2023: Reference is made to the stock exchange announcement

published by HydrogenPro ASA ("HydrogenPro" or the "Company", ticker code:

HYPRO) on 18 August 2023 regarding exercise of 271,875 options under the

Company's share incentive program. Following the exercise of options, the

Company's board of directors resolved on 17 August 2023 to increase the share

capital by a total of NOK 5,437.5, by issuance of 271,875 new shares.

The share capital increase pertaining to the issuance of shares has today been

registered with the Norwegian Register of Business Enterprises. Following such

registration, the share capital of the Company is NOK 1,266,000.92, divided into

63,300,046, each with a par value of NOK 0.02.

For further information, please contact:

Ida Eilertsen Nygård, Acting CFO & Head of Investor Relations and ESG

+47 986 11 952

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

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