Teco 2030 ASA — Board/Management Information 2021

Jan 4, 2021

TECO 2030 hires Vice President - Special Projects

TECO 2030 hires Vice President - Special Projects

4.1.2021 06:30:00 CET | TECO 2030 ASA | Additional regulated information

required to be disclosed under the laws of a member state

(Lysaker, 4 January 2021): TECO 2030 ASA (OSE-Ticker: TECO) is pleased to

announce that Erling Hoftun will join the group as Vice President - Special

Projects.

"We are very excited to welcome Erling to the group as of January 1st, 2021.

Erling has an ideal background from environmental technologies and construction

industries and will play an important role in the development of TECO 2030's

future," said Tore Enger, CEO of TECO 2030 ASA.

Mr. Hoftun has over 30 years' experience in the environmental technology

industry, predominantly towards the cruise industry and was one of the key

founders of Scanship (currently listed as VOW) back in 1993.

He is educated as an electronics engineer from Gothenburg Technical Institute.

Mr. Hoftun will work closely with TECO 2030's technology partner AVL on the next

steps of the TECO 2030 fuel cell development.

"I am pleased and grateful to have been given this interesting role and I look

very much forward to joining the skilled team of TECO 2030 and AVL. Together we

will strongly contribute to decarbonize the maritime and o?shore industries,"

said Erling Hoftun.

DISCLAIMER

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Tore Enger, CEO, +4792083800, tore.enger@teco.no

ABOUT TECO 2030 ASA

TECO 2030 (OSE: TECO-ME) aims to tackle one of the biggest environmental

challenges of our time: How to combine growing global shipping volumes with

reduced emissions. We believe the shipping industry can move to zero emissions

by implementing new technologies, with hydrogen-based fuel cells as the ultimate

solution. TECO 2030 - powering the maritime industry's transition to renewable

energy. [http://www.teco2030.no]

ATTACHMENTS

* Download announcement as PDF.pdf

[https://kommunikasjon.ntb.no/ir-files/17847477/238/285/Download%20announceme

nt%20as%20PDF.pdf]

* 04012021__VP Special projects.pdf

[https://kommunikasjon.ntb.no/ir-files/17847477/238/284/04012021__VP%20Specia

l%20projects.pdf]