Knox Energy Solutions AS

HYON - Name change and general meeting resolutions registered

(Oslo, 23 April 2024) (HYON; OSE: HYON) Reference is made to the stock exchange

announcement by Hyon AS (the "Company") on 16 April 2024 regarding the Company's

extraordinary general meeting resolution to issue 156,647,596 new shares (the

"New Shares") and to change the Company's name and purpose in order to complete

the transaction with Blue Concept Ltd. announced by the Company on 31 March 2024

(the Transaction").

The share capital increase related to the issuance of the 156,647,596 New Shares

and the change of the Company's name and purpose has today been registered in

the Norwegian Register of Business Enterprises. The Company's new registered

share capital is NOK 2,122,151.17, divided into 212,215,117 shares, each with a

nominal value of NOK 0.01. Each share represents one vote at the Company's

general meeting.

The Company (ticker HYON) changes name to Knox Energy Solutions AS (ticker KNOX)

in a transformation to build an energy investment company.

The Company's primary asset today is 20% shareholding in Rapid Oil Ltd, a

company that owns 15% of the fully carried Fyne licence, planned to start

production late 2026.

The Company will seek investments into projects and acquisitions in the energy

sector.

As announced on 16 March 2024, Geir Aune and Georges Lambert have been elected

as the board of directors. The change in board members has not been registered

yet, as the registration must be submitted as a separate notification, since an

application for a D-number is required.

For further information, please contact:

Harald B. Hansen, CEO, [email protected].

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

-12 in the Norwegian Securities Trading Act.

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