Cavendish Hydrogene

Share Issue/Capital Change • Jun 13, 2024

Cavendish Hydrogen ASA: Delivery of distributed shares

Cavendish Hydrogen ASA: Delivery of distributed shares

Oslo, 13 June 2024: Reference is made to the stock exchange announcements by Nel ASA ("Nel", OSE: NEL) and Cavendish Hydrogen ASA ("Cavendish", OSE: CAVEN) on 6 June 2024 regarding the distribution of shares in Cavendish to the shareholders of Nel, and the stock exchange announcements by Cavendish on 12 June 2024 regarding the first day of trading on the Oslo Stock Exchange and the mandatory notifications of trade and shareholder disclosure notification.

The distributed shares have been delivered to the VPS accounts of the relevant shareholders of Nel. Out of the total 33,618,145 shares in Cavendish, 33,417,965 shares have been distributed to the relevant Nel shareholders, while the remaining 200,180 shares are kept by Nel due to downward rounding in connection with rounding to the nearest whole share. Any shares kept by Nel are intended to be transferred to Cavendish without consideration when appropriate following completion of the distribution and be held by Cavendish as treasury shares.

For further information, please contact:

Marcus Halland, CFO, +47 930 90 190

About Cavendish Hydrogen ASA:

Cavendish Hydrogen ASA is a leading hydrogen fueling company that specializes in the development, production, marketing, sales and service of equipment for fueling hydrogen into on-road vehicles. The company operates globally with offices in Denmark, California (the U.S), South Korea and Austria. The ongoing focus of the company is to develop its product portfolio to meet the expected market expansion for long-distance heavy-duty trucking. For more information, please visit https://cavendishh2.com/.