Sandnes, Norway 31 March 2025: Horisont Energi (EURONEXT: HRGI) 

Co-CEO Bjørgulf Haukelidsæter Eidesen announces that he will step down as Co-CEO
of Horisont Energi, after having spent six years building the company and making
it the recognized company it is today. He will continue supporting the Company
as he has accepted the nomination as member of the Board of directors, following
his role as Co-CEO.

Back in 2019 Bjørgulf founded Horisont Energi as Norway's first pure play carbon
transport and storage- and blue
ammonia company The pioneering Barents Blue project was one of the first
industrial scale blue ammonia project world-wide to be developed. Many blue
ammonia projects have since applied a similar approach as Horisont Energi by
selecting the SynCORTM process developed by the Danish technology company
Topsoe. The Barents Blue project is unique in a European setting and was
approved as an IPCEI hydrogen project and standard setter for blue ammonia in
Europe in 2021.

The Polaris carbon storage was the first carbon storage license applied for,
after the Aurora license of the Northern Lights project, thus being a pioneering
carbon storage license in Norwegian CCS. Horisont Energi was awarded the Polaris
license in June 2022.

The Gismarvik CO2 hub project was a result of work on the carbon value chain
started early 2021. Now, it is among the largest CO2-terminal planned in Europe.
Also, being a Project of Mutual Interest (PMI) in EU, it is a part of a larger
European CCS value chain. The project has generated interest from all over
Europe and from Norwegian emitters.

Bjørgulf has worked hard building a pioneering company with high impact projects
and strong international partners, both within blue ammonia, clean energy,
carbon storage and carbon transport. "After having spent six years building this
company, I have achieved what I wanted with the company and now consider my part
of the operational work done. I look forward to following up the company
strategically going forward, as a board member and owner. I think Horisont
Energi is a key company in the energy transition, and I think we have
demonstrated that it is possible, although demanding, to build industrial sized
green businesses in these shifting and challenging times", says Co-CEO Bjørgulf
Haukelidsæter Eidesen.

After having transferred responsibilities and tasks to his successor and
colleagues, Bjørgulf Haukelidsæter Eidesen is up for election as a board member
in the Annual General Meeting in April. "As founder of Horisont Energi, Mr.
Eidesen has demonstrated strong entrepreneurship and technological leadership,
from even before the inception of the Company in 2019. The Board would like to
thank Bjørgulf H. Eidesen for his strong commitment to the energy transition,
his high expertise and hard work in his role as CEO of Horisont Energi," says
chair of Horisont Energi Frode S. Berg.

As of 1 April 2025, the Company reverts to a single CEO model, with Leiv
Kallestad as CEO and CFO.


For more information:  
Bjørgulf Haukelidsæter Eidesen, Co-CEO  
+ 47 990 36 892 
bhe@horisontenergi.com  

Leiv Kallestad, Co-CEO  
+ 47 958 95 661 
Leiv.kallestad@horisontenergi.com    

About Horisont Energi  
Horisont Energi (EURONEXT: HRGI) is a Norwegian clean energy company that
provides clean energy and carbon transport and storage services. The company
will transform gas, water and renewable energy into cost-leading clean ammonia
and hydrogen and offer CO2 transportation and storage services using proprietary
technology, paving the way for a low carbon economy. The Horisont Energi group
includes three subsidiaries, Horisont Ammoniakk for the clean ammonia business,
Horisont Karbon for the carbon storage business and Horisont Infra for the
mid-stream CCS infrastructure. The company was founded in 2019 and is
headquartered in Sandnes, Norway.  

You can follow us on:   
www.horisontenergi.no
https://twitter.com/horisontenergi  
https://www.linkedin.com/company/horisontenergi/ 

Stock traded in Germany:
https://www.boerse-berlin.com/index.php/Shares?isin=NO0010917339