HydrogenPro ASA

Major Shareholding Notification • Jun 2, 2021

Number of shares and options held by the primary insiders in the company

	Number of shares	Unexercised options @ NOK 7.00	Unexercised options @ NOK 42.35	Unexercised options @ NOK 26.15	Total number of share options
Walter Qvam	-	314 000	-	250 000	564 000
Ellen Hanetho1	-	1 706 000	-	100 000	1 806 000
Richard Espeseth	11 366 481	-	-	-	-
Terje Mikalsen2	9 585 182	-	-	-	-
Mårten Lunde3	1 506 966	1 150 000	-	350 000	1 500 000
Martin Thanem Holtet	1 500	-	150 000	-	150 000

1) Owns options both personally and through Opulentia AS

2) Owns shares through TM Holding AS

3) Owns shares and options through partly owned Enern Invest AS

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Walter Hafslo Qvam
2	Reason for the notification
a)	Position/status	Primary insider: Chairman
b)	Initial notification/Amendment	Initial notification
3	Details of issuer
a)	Name	HydrogenPro AS
b)	LEI	549300EW945NUS7PK214
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Derivatives/Options linked to the shares in HydrogenPro (ISIN: NO0010892359)
b)	Nature of the transaction	Granting of stock options.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		0	250 000 options
d)	Aggregated information — Aggregated volume — Price	250,000 options for a price of NOK 0.
e)	Date of the transaction	2021-05-31
f)	Place of the transaction	'Outside a trading venue'

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ellen Merete Hanetho
2	Reason for the notification
a)	Position/status	Primary insider: Board member
b)	Initial notification/Amendment	Initial notification
3	Details of issuer
a)	Name	HydrogenPro AS
b)	LEI	549300EW945NUS7PK214
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Derivatives/Options linked to the shares in HydrogenPro (ISIN: NO0010892359)
b)	Nature of the transaction	Granting of stock options.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		0	100 000 options
d)	Aggregated information — Aggregated volume — Price	100,000 options for a price of NOK 0.
e)	Date of the transaction	2021-05-31
f)	Place of the transaction	'Outside a trading venue'

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mårten Lunde (through Enern Invest AS)
2	Reason for the notification
a)	Position/status	Primary insider: CEO
b)	Initial notification/Amendment	Initial notification
3	Details of issuer
a)	Name	HydrogenPro AS
b)	LEI	549300EW945NUS7PK214
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Derivatives/Options linked to the shares in HydrogenPro (ISIN: NO0010892359)
b)	Nature of the transaction	Granting of stock options.
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		0	350 000 options
d)	Aggregated information — Aggregated volume — Price	350,000 options for a price of NOK 0.
e)	Date of the transaction	2021-05-31
f)	Place of the transaction	'Outside a trading venue'