Saga Pure — M&A Activity 2021

Jun 29, 2021

Saga Pure ASA: Acquires Hyon

Saga Pure ASA: Acquires Hyon

(Oslo, 29 June 2021) Saga Pure ASA (Saga, OSE: SAGA) today announces the

acquisition of Hyon AS (Hyon) from former owners, amongst them, PowerCell Sweden

AB. Hyon has a strong position within maritime hydrogen solutions and will

mainly focus on developing hydrogen and bunkering solutions for harbors going

forward.

"Sustainability is at the top of the agenda within the maritime sector, and

hydrogen will play an important role in the future, maritime fuel mix. An

entirely new value chain needs to be developed, and a key part of that is

transferring hydrogen from the harbors to the vessels. Hyon is currently

developing solutions for production and fueling of hydrogen ships and we look

forward to be an active part of the further development of these solutions,"

says Bjørn Simonsen, CEO of Saga Pure.

Hyon has built a strong position within hydrogen energy solutions for the

maritime sector since 2017. The main priority for Hyon going forward will be the

further development and commercialization of the hydrogen and bunkering solution

for harbors. The parties have decided not to disclose the value of the

transaction.

ENDS

For additional information, please contact:

Bjørn Simonsen, CEO, +47 971 79 821

Espen Lundaas, CFO, +47 924 31 417

About Saga Pure ASA | www.sagapure.com

Saga Pure ASA is an investment company focusing on opportunities within

renewable energy, hydrogen, circular economy and CO2-reduction.