Cavendish Hydrogene

Regulatory Filings • Sep 24, 2025

Cavendish Hydrogen contract award with PAK-PCE Stacje H2 Sp. z o.o. in Poland

Cavendish Hydrogen contract award with PAK-PCE Stacje H2 Sp. z o.o. in Poland

Cavendish Hydrogen ASA (Cavendish, Oslo Børs ticker: CAVEN) is pleased to

announce a new contract award with PAK-PCE Stacje H2 (PAK-PCE H2 Stations), a

company that is part of the Polsat Plus capital group, for an upgrade of the

Rybnik station in the south of Poland. The contract value is around EUR 1.3

million and will be executed by the end of Q1 2026. Cavendish will provide

equipment and related installation and commissioning services.

The station has been in operation since Q3 2023 and delivered strong

performance, fueled more than 7 500 vehicles, and dispensed more than 100 000 kg

of hydrogen. Now, the station will be upgraded to accommodate a fleet of more

than 30 buses owned and operated by the city of Rybnik.

PAK-PCE H2 has added 11 Neso buses to the local bus fleet, hence the capacity of

the station needs expansion. After the upgrade project, which has added a new

station module and dispenser, the station will be one of the biggest hydrogen

fueling stations in Europe.

"At Cavendish, we are pleased to continue building on the already strong

partnership with PAK-PCE H2 Stations. Furthermore, we are looking forward to

expanding the cooperation on the existing fueling stations. To Cavendish, our

cooperation serves as a testimony to having not only the market-leading product

quality, but also delivering excellence in the operational period based on

responsiveness and competence. Cavendish remains committed to establishing a

leading position in the Polish market", says Cavendish CEO Robert Borin.

"Cavendish has supported PAK-PCE H2 Stations from the very beginning in building

our hydrogen refueling station network in Poland, which now includes six

locations. We are pleased that this collaboration continues. We believe that,

thanks to our shared experience, the enhanced and innovation-driven

infrastructure in Rybnik will contribute to the development of the hydrogen

market and urban transport based on our Neso buses", says CTO of PAK-PCE H2

Stations, Pawel Bujak.

For additional information, please contact:

Mirza Koristovic, Head of Investor Relations

IR@cavendishh2.com

+47 938 70 525

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation article 7 and is subject to the disclosure requirements

pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading

Act. This stock exchange announcement was published by Mirza Koristovic, Head of

IR, Cavendish Hydrogen ASA, on September 24, 2025, 13:20 CET.

About Cavendish Hydrogen ASA | www.cavendishh2.com

Cavendish Hydrogen is a global leader in hydrogen fueling solutions for the

mobility sector. Driven by the vision to end emission from mobility, Cavendish

is committed to providing safe, competitive, and reliable hydrogen fueling

solutions, offering the convenience of traditional fuels but with zero

emissions. With a dedicated team across offices on three continents, the company

covers the entire value chain from development and production to installation,

commissioning, and maintenance. Through value creation and cutting-edge

technology, Cavendish is setting new standards for fueling heavy-duty vehicles

with reliable hydrogen solutions. Cavendish Hydrogen ASA is listed on the Oslo

Stock Exchange (CAVEN) and headquartered in Herning, Denmark.