Refuels N.V. — Remuneration Information 2023

Sep 25, 2023

Refuels N.V. - grant of share options to primary insiders

Refuels N.V. - grant of share options to primary insiders

ReFuels N.V. (ticker: REFL) ("ReFuels"), one of Europe's leading suppliers of

renewable biomethane (Bio-CNG) for the decarbonisation of heavy goods vehicles

listed on Euronext Growth Oslo, hereby announces that the Board of Directors

of ReFuels has granted a total of 41,458 share options to non-executive

directors of ReFuels (the "Option Grant").

The options have been granted in accordance with the board and shareholder

approvals granted on 9 May 2023 and form part of ReFuels' and its group's

long-term incentive plan.

The exercise price is NOK 29.81 per share, being equal to 120% of the price

per share in the private placement completed in April 2023, ahead of the

admission to trading of ReFuels on Euronext Growth Oslo on 12 May 2023. Each

share option gives the holder the right to purchase one ordinary share in the

capital of ReFuels.

The options vest in tranches, with 25% vesting in September 2024, 25% vesting

in September 2025, 25% vesting in September 2026 and 25% vesting in September

2027. To the extent vested, options held by non-executive directors are

normally exercisable three years after the grant date (the "Normal Exercise

Date"). Following the Normal Exercise Date, shares are then generally subject

to a minimum holding period being five years from the grant date for

non-executive directors.

As part of the Option Grant, share options have been allocated to the

following primary insiders of the Company:

· David Tuohy (Non-Executive Director) has been granted 20,729 share options.

Following the grant, Mr Tuohy holds 0 shares and 20,729 share options in

ReFuels.

· Carina Krastel-Hoek (Non-Executive Director) has been granted 20,729 share

options. Following the grant, Ms Krastel-Hoek holds 0 shares and 20,729 share

options in ReFuels.

For further information, please contact:

Baden Gowrie-Smith, MD & CFO, Refuels N.V.

Tel.:+44 7768 007 009

E-mail: baden@refuels.com

About ReFuels

ReFuels is decarbonizing Europe's truck fleet by developing, owning, and

operating green station infrastructure. We are rolling out a network of

reliable and convenient stations offering renewable biomethane fuels to heavy

goods vehicles, with hydrogen and electricity to be added. By end-2026 the

target is to have 30-40 stations across the UK, while the long-term ambition

is to become Europe's leading integrated supplier of alternative fuels for

commercial fleets. For further information please visit www.refuels.com

(http://www.refuels.com./).

This information has been submitted pursuant to the Securities Trading Act §

5-12 and MAR Article 19 no. 3. The information was submitted for publication

at 2023-09-25 17:00 CEST.