Teco 2030 ASA — Director's Dealing 2022

Dec 23, 2022

Mandatory notification of trade

Mandatory notification of trade

(Lysaker, Norway, December 23rd 2022): TECO Maritime Group AS, a party closely related to TECO 2030 Chairman Sigurd Gaarder Lange, has sold 249,619 shares to a member of the management team in TECO Maritime Group AS at a price of NOK 9.16 per share. The transaction conditions include a 12-month lock up period.

Reference is made to the attached notification of trading for further details.

Contact: Pål Christian Johnsen, CFO, +47 41276747, pcj@teco2030.no

About TECO 2030:

Europe's first Giga production facility of hydrogen PEM fuel cell stacks and modules in Narvik, Norway. The production capacity will be built up through 2023 and early 2024, targeting an output capacity of 120 MW of fuel cells in 2024, 400 MW in 2025 and 1.6 GW in 2030.

TECO 2030 is a Norwegian based clean tech company developing zero-emission technology for the maritime and heavy industry. We are developing PEM hydrogen fuel cell stacks and PEM hydrogen fuel cell modules, that enable ships and other heavy-duty applications to become emissions-free. The company is listed on Euronext Growth on the Oslo Stock Exchange under the ticker TECO and in New York, OTCQX under the ticker TECFF. TECO2030 is a spinoff from TECO Maritime Group, a group that has provided technology and services to the global shipping industry since 1994. For more information, please visit www.teco2030.no.