Teco 2030 ASA — Director's Dealing 2022

Oct 9, 2022

TECO 2030 ASA Mandatory Notification of Trade

TECO 2030 ASA Mandatory Notification of Trade

9.10.2022 22:52:01 CEST | TECO 2030 ASA | Mandatory notification of trade

primary insiders

(Lysaker, Norway, October 9th 2022) - Reference is made to the stock exchange

notice from TECO 2030 ASA ("TECO" or the "Company") on October 9th 2022

regarding the private placement raising gross proceeds of approx. NOK 3.2

million through issuance of 718,895 new shares in the Company (the "Private

Placement").

The following primary insiders and close associates of primary insiders have

subscribed for and been allocated new shares in the Private Placement, which is

regarded as PDMR/PCA trades under the Market Abuse Regulation (EU) No 596/2014:

* Equitor AS, a company owned by Tor Erik Hoftun, EVP Operation in the Company

was allocated 22,005 new shares in the Private Placement and will, following

completion of the Private Placement, hold 2,667,145 shares in the company.

Hoftun also holds shares in the Company through his 2.96 % ownership in TECO

Group AS.

* Erling Hoftun, Managing Director in TECO 2030 AS was allocated 22,005 new

shares in the Private Placement and will, following completion of the Private

Placement, hold 61,852 shares in the Company.

* Lange Industries AS, a company owned by Sigurd Gaarder Lange, Chairman of the

Company, was allocated 22,005 new shares in the Private Placement. Lange also

holds shares in the Company through his 8 % ownership in TECO Group AS.

* Marcussen Shipping AS, a company owned by Herman Marcussen, board member in

the Company was allocated 11,002 new shares in the Private Placement and

will, following completion of the Private Placement, hold 505,412 shares in

the company.

* Gøril Joys Johnsen, married to Pål Christian Johnsen, CFO of the Company, was

allocated 125,429 shares in the Private Placement. She did not hold any

shares prior to this Private Placement.

TECO 2030 ASA refers to the attached notifications for persons discharging

managerial responsibilities in the company in accordance with Regulation EU

596/2014 (MAR) article 19.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Pål Christian Johnsen, CFO, +47 412 76 747, pcj@teco2030.no

* Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

ABOUT TECO 2030 ASA

TECO 2030 accelerates the green transition in the maritime sector by delivering

technology that helps ships to reduce their environmental and climate impacts.

TECO 2030 is developing hydrogen fuel cells that enable ships and other

heavy-duty applications to become emissions-free. The company is also developing

other solutions that can help the maritime industry to reduce its emissions,

such as exhaust gas cleaning and carbon capture systems for ships. TECO 2030 was

founded in 2019 and is headquartered at Lysaker, Norway. The company is listed

on Euronext Growth on Oslo Stock Exchange under the ticker TECO. TECO 2030 has

its roots in the TECO Maritime Group, a group that has provided technology and

repair services to the global shipping industry since 1994. For more

information, please visit www.teco2030.no - http://www.teco2030.no

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847477/1799/2432/Download%20announcement

%20as%20PDF.pdf

20221009 TECO 2030 Mandatory Notification of Trade.pdf -

https://kommunikasjon.ntb.no/ir-files/17847477/1799/2431/20221009%20TECO%202030%

20Mandatory%20Notification%20of%20Trade.pdf