Saga Pure — Investor Presentation 2021

Aug 30, 2021

Company Presentation

August 30, 2021

A new dawn for the blue economy

• Shipping accounts for ~2.5% of global CO² emissions¹
• IMO aims for a 50% reduction in emissions by 2050 compared to 2008 levels²
• IMO, EU and Norway with others have introduced measures urging shipowners to cut emissions measures to be intensified
• Norway a frontrunner in maritime zero-emission implementation
• Innovative measures, fuels and technologies will have to be implemented from 2023 to reach 2050 target³

Hydrogen at the core of zero emission fuel, with pressurized hydrogen rising as early mover

The missing piece in the maritime hydrogen value chain

Fast and safe bunkering of compressed hydrogen for ships

Designed for delivered -or on-site production of hydrogen

Hyon in brief

Hyon aims to be the leading provider of bunkering solutions for compressed hydrogen.

The Hyon ecosystem

6

Hyon Management Owners Extended Team

Jørn Kristian Lindtvedt CEO

CFO Saga Pure support

Harald Bjørn Hansen Director, Project Development and Commercial

CTO Saga Pure support

Jørgen Kopperstad VP Maritime Opportunities at Saga Pure

Rob Stevens VP Ammonia Opportunities at Saga Pure

Technical team onboarded fall 2021

The beginning of a new era

DNV predicts innovative measures, fuels and technologies will have to be implemented from 2023 to reach 2050 reduction target¹

Compressed hydrogen emerging

Attractive for short and mid-range sailing

Estimated number of new ships which will utilize compressed hydrogen as fuel globally¹

Norway frontrunner:

• Zero emission technologies in all new ships from 2030 (Norwegian Shipowner's Association announced strategy for Norwegian shipowners)
• All new licenses within sea farming requires zero emission vessels from 2024
• Hydrogen to maritime sector is a priority for the Norwegian government ( "Roadmap for implementing hydrogen")

First bunkering project Hellesylt Hydrogen Hub

• Pilot E project in execution to deliver compressed hydrogen for the maritime fleet in the Geiranger fjord
• Norwegian Hydrogen leading the consortium
• Hyon is responsible for development and supply of vessel bunkering solution
• Bunkering solution scheduled to start operation in 2023

Summary

Providing the missing piece of the puzzle in the hydrogen value chain for the

maritime sector

Innovative bunkering High industry impact Opportunity to establish a large player with an international footprint