HydrogenPro ASA

AGM Information • Oct 18, 2021

In case of discrepancy between the Norwegian language original text and the English language translation, the Norwegian text shall prevail

PROTOKOLL FRA EKSTRAORDINÆR GENERALFORSAMLING

HYDROGENPRO AS

Den 18. oktober 2021 kl. 12.00 ble det avholdt ekstraordinær generalforsamling i HydrogenPro AS ("Selskapet") i Selskapets lokaler i Hydrovegen 6 Porsgrunn.

Ellen Hanetho åpnet møtet og tok opp fortegnelse over møtende aksjeeiere og fullmakter, inntatt i vedlegg 1. 35 840 851 aksjer var representert, tilsvarende ca. 62.00 % av totalt antall utestående aksjer og stemmer.

Alle vedtak ble fattet med tilstrekkelig flertall. Stemmegivningen fremgår av vedlegg 1.

Til behandling forelå:

$\mathbf{1}$ Valg av møteleder og en person til å medundertegne protokollen

Generalforsamlingen fattet følgende vedtak:

Ellen Hanetho velges som møteleder, og Martin Thanem Holtet velges til å medundertegne protokollen.

$\overline{2}$ Godkjenning av innkalling og dagsorden

Generalforsamlingen fattet følgende vedtak:

Innkalling og dagsorden godkjennes.

$\overline{\mathbf{3}}$ Valg av nye styremedlemmer

Generalforsamlingen fattet følgende vedtak:

Walter Qvam fratrer som styreleder og Terje Mikaelsen fratrer som styremedlem. Ellen Hanetho velges som styrets nye leder. Jarle Tautra, Kermit Nash og Jarle Dragvik velges som nye styremedlemmer.

MINUTES FROM EXTRAORDINARY GENERAL MEETING

HYDROGENPRO AS

On 18 October 2021 at 12.00 CEST, an extraordinary general meeting was held in HydrogenPro AS (the "Company") in the Company's premises in Hydrovegen 6, Porsgrunn.

Ellen Hanetho opened the meeting and registered the attendance of shareholders present and proxies, as listed in appendix 1.35 840 851 shares were represented. equivalent to approximately 62.00 % of the total number of outstanding shares and votes.

All resolutions were made with sufficient majority. The voting is included in appendix 1.

The following matters were on the agenda:

$\mathbf{1}$ Election of a chairman of the meeting and a person to co-sign the minutes

The general meeting made the following resolution:

Ellen Hanetho is elected as chairman of the meeting, and Martin Thanem Holtet is elected to co-sign the minutes.

$\overline{2}$ Approval of notice and agenda

The general meeting made the following resolution:

Notice and agenda are approved.

$\overline{\mathbf{3}}$ Election of new board members

The general meeting made the following resolution:

Walter Qvam resigns as chairperson of the board of directors, while Terje Mikaelsen resigns as board member. Ellen Hanetho is elected as new chairperson of the board of directors. Jarle

Styret består således av:

• $\bullet$ Ellen Hanetho (styrets leder)
• Richard Espeseth $\bullet$
• Jarle Tautra $\bullet$
• Kermit Nash
• Jarle Dragvik $\overline{\phantom{a}}$

Ellen Hanetho

Tautra, Kermit Nash and Jarle Dragvik are elected as new board members.

The board of directors thus consists of:

• Ellen Hanetho (chairman) $\bullet$
• Richard Espeseth $\bullet$
• Jarle Tautra
• Kermit Nash $\bullet$
• Jarle Dragvik $\bullet$

Martin Thanem Holtet

APPEN DIX 1

Total Represented

ISIN: NO0010892359 HYDROGENPRO AS General meeting date: 18/10/2021 12.00 Today: 18.10.2021

Number of persons with voting rights represented/attended: 5

	Number of shares % sc
Total shares	57,806,307
- own shares of the company	$\Omega$
Total shares with voting rights	57,806,307
Represented by own shares	$9,645,282$ 16.69 %
Sum own shares	9,645,282 16.69 %
Represented by proxy	21,527,427 37,24 %
Represented by voting instruction	4,668,142	8.08%
Sum proxy shares	26,195,569	45.32 %
Total represented with voting rights	35,840,851	62.00 %
Total represented by share capital	35,840,851	62.00 %

Registrar for the company:

DNB Bank ASA

Mora bharrosse

DNB Bank ASA Registrars Department

Signature company:

HYDRØGENPRO AS

Protocol for general meeting HYDROGENPRO AS

ISIN: NO0010892359 HYDROGENPRO AS General meeting date: 18/10/2021 12.00 Today: 18.10.2021

Shares class	FOR	Against Poll in				Abstain Poll not registered Represented shares with voting rights
Agenda item 1 Election of a chairman of the meeting and a person to co-sign the minutes
Ordinær	35,840,851	$\Omega$	35,840,851	$\Omega$	$\Omega$	35,840,851
votes cast in %	100.00 %	0.00%		0.00%
representation of sc in %	100.00 %	0.00%	100.00 %	0.00%	0.00%
total sc in %	62.00%	0.00%	62.00 %	0.00%	0.00%
Total	35,840,851	0	35,840,851	0	0	35,840,851
Agenda item 2 Approval of notice and agenda
Ordinær	35,840,851	0	35,840,851	0	$\Omega$	35,840,851
votes cast in %	100.00 %	0.00%		0.00%
representation of sc in %	$100.00\%$	$0.00 \%$ .	100.00 %	0.00 %	0.00%
total sc in %	62.00 %	0.00%	62.00 %	0.00%	0.00%
Total	35,840,851		0 35,840,851	$\bf{0}$	0	35,840,851
Agenda item 3.1 Election of new board members: Ellen Merete Hanetho (chairperson)
Ordinær	35,810,578	0	35,810,578	30,273	$\Omega$	35,840,851
votes cast in %	100.00 %	0.00%		0.00%
representation of sc in %	99.92 %	0.00%	99.92 %	0.08%	0.00%
total sc in %	61.95 %	0.00%	61.95 %	0.05%	0.00%
Total	35,810,578		0 35,810,578	30,273	0	35,840,851
Agenda item 3.2 Election of new board members: Jarle Tautra
Ordinær	35,838,811	2,040	35,840,851	$\Omega$	O	35,840,851
votes cast in %	99.99 %	0.01%		0.00%
representation of sc in %	99.99 %	0.01%	100.00 %	0.00%	0.00%
total sc in %	62.00 %	0.00%	62.00 %	0.00%	0.00%
Total	35,838,811		2,040 35,840,851	o	0	35,840,851
Agenda item 3.3 Election of new board members: Kermit Nash
Ordinær	35,838,811	2,040	35,840,851	0	0	35,840,851
votes cast in %	99.99 %	0.01%		0.00%
representation of sc in %	99.99 %	0.01%	100.00 %	0.00%	0.00%
total sc in %	62.00 %	0.00%	62.00 %	0.00%	0.00%
Total	35,838,811		2,040 35,840,851	O	0	35,840,851
Agenda item 3.4 Election of new board members:Jarle Dragvik
Ordinær	35,838,811	2.040	35,840,851	0	0	35,840,851
votes cast in %	99.99 %	0.01%		0.00%
representation of sc in %	99.99 %	0.01%	100.00 %	0.00%	0.00%
total sc in %	62.00 %	0.00%	62.00 %	0.00%	0.00%
Total	35,838,811		2,040 35,840,851	0	0	35,840,851

Registrar for the company:

DNB Bank ASA

18 tsan

Registrars Department

Share information

Name Total number of shares Nominal value Share capital Voting rights Ordinær 57,806,307 0.00 57,806.31 Yes Sum:

Signature ¢ompan

NDE

HYDROG

§ 5-17 Generally majority requirement
requires majority of the given votes

§ 5-18 Amendment to resolution
Requires two-thirds majority of the given votes
like the issued share capital represented/attended on the general meeting