HydrogenPro ASA

Board/Management Information • Nov 18, 2022

HydrogenPro ASA appoints Tarjei Johansen as new Chief Executive Officer

HydrogenPro ASA appoints Tarjei Johansen as new Chief Executive Officer

18 November 2022, HydrogenPro ASA (OSE: HYPRO) announces that the board has

appointed Tarjei Johansen (51) as new Chief Executive Officer (CEO). The interim

CEO and founder of HydrogenPro Richard Espeseth will return to his former

position as business developer and technology leader in the Company.

- US will be HydrogenPro's most important market in the coming years, and Tarjei

brings 25 years of experience in this market. He has held executive positions in

Schlumberger, Kemira and Bureau Veritas, leading several hundred employees

through profitable growth. Tarjei is a merited leader known for his multifaceted

strategic execution skills, drive and ability to energize organizations. We are

confident that Tarjei together with the Company´s executive team and board of

directors will continue the development of HydrogenPro as a leading provider of

green hydrogen technology, says Ellen Hanetho, Chair of the board of directors

of HydrogenPro.

- I am excited to join HydrogenPro to promote its leading green hydrogen

technology in a fast-growing energy transition market.  I will work alongside my

colleagues to create customer- and shareholder value every day, says Tarjei

Johansen.

Tarjei Johansen enters his new position on December 1st this year. He will move

back to Norway where HydrogenPro is headquartered.

About HydrogenPro:

HydrogenPro is a technology company and an OEM for high pressure alkaline

electrolyser and supplies large scale green hydrogen plants, 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. HydrogenPro is listed on the Oslo

Stock Exchange.

This information is subject of the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.