Teco 2030 ASA - Share Issue/Capital Change 2021

Conversion of bonds

8.1.2021 14:38:25 CET | TECO 2030 ASA | Total number of voting rights and

capital

Reference is made to the Prospectus dated 21 September 2020, which describes a

convertible bond loan agreement totaling NOK 10 million and entered into by TECO

2030 ASA on 6 July 2020.

The conversion period runs from 31 October 2020 until 30 June 2021. All the

bondholders have now notified TECO 2030 that they exercise the right to convert

their entire bond holdings into shares. This will lead to the issuance of a

total of 400,000 new shares at a conversion price of NOK 25 per share.

After this transaction, the total number of outstanding shares of TECO 2030 ASA

will be 12,400,000 , each with a nominal value of NOK 0.10.

The new shares will be listed on Euronext Growth (Oslo) following registration

of the share capital increase in the Norwegian Register of Business Enterprises.

DISCLAIMER

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

ABOUT TECO 2030 ASA

TECO 2030 (OSE-Ticker: TECO) 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/17847477/248/294/Download%20announceme

nt%20as%20PDF.pdf]

* Conversion of bonds.pdf

[https://kommunikasjon.ntb.no/ir-files/17847477/248/293/Conversion%20of%20bon

ds.pdf]

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