January 12, 2022 | Horisont Energi (EURONEXT: HRGI) and European energy company
E.ON today announced that they have entered into a strategic cooperation
agreement for the development of an European end-to-end carbon capture,
transport and storage service offering, development of a carbon removal
business, and production and value chains for clean hydrogen and ammonia. Along
with the agreement, Horisont Energi will carry out a private placement directed
at E.ON, pursuant to which E.ON will acquire a 25 percent stake in Horisont
Energi. The private placement is planned to be completed end of January 2022
subject to certain conditions. See separate notice for further details on the
conditional private placement.

"We're extremely excited to be joining forces with the leading European energy
company E.ON to contribute to the energy transition in Europe. With this
agreement, we are entering a long-term strategic cooperation with E.ON,
solidified by the company taking a 25 percent ownership stake in Horisont
Energi. This will enable Horisont and E.ON to play a decisive role in the
decarbonization of key industrial sectors in Europe, whilst scaling up and
commercialising CCS and clean ammonia," says Bjørgulf Haukelidsæter Eidesen, CEO
of Horisont Energi.

Patrick Lammers, member of the board of E.ON: "E.ON's proposition in this market
is to establish a comprehensive offering to our customers and partners by
becoming a "one-stop-shop" for their decarbonization activities as part of our
growth strategy. It will enable E.ON to deliver a full outsourcing proposition
to decarbonize, from site specific optimized carbon capture to secure long-term
storage and clean hydrogen supply. Collaborating with Horisont Energi will
enable us to be a first mover in the future industrial carbon cycle business,
that will be a key driver in European industrial and municipal decarbonization
in the second half of the decade".

According to the cooperation agreement between the two companies, E.ON will take
responsibility for the carbon capture and liquefaction, whilst Horisont Energi
will be responsible for transport and sequestration of the carbon dioxide. The
service will be offered to both existing and new customers of E.ON. The two
companies will also mature and develop a business built upon carbon dioxide
removal. On December 14, 2021, the European Commission's vision for carbon
removal was released. According to the Commission's plans the legal proposal for
the EU's framework for carbon removal certification is due in the fourth quarter
of 2022. In conjunction to this, the two companies are also going to develop
business models on clean ammonia production and supply.
 
Webcast 
There will be an online presentation of the transaction at 08:30 CET tomorrow,
13 January 2022. The presentation may be accessed here:
https://channel.royalcast.com/landingpage/hegnarmedia/20220113_2/

About E.ON
E.ON is an international investor-owned energy company, which focuses on energy
networks and customer solutions. As one of Europe's largest energy companies,
E.ON plays a leading role in shaping a clean, digital, decentralized world of
energy. To this end, around 78,000 employees develop and sell products and
solutions for private, commercial and industrial customers. More than 50 million
customers purchase electricity, gas, digital products or solutions for electric
mobility, energy efficiency and climate protection from E.ON. E.ON is
headquartered in Essen, Germany. For more information, please visit www.eon.com.

About Horisont Energi
Horisont Energi (EURONEXT: HRGI) is a Norwegian clean energy company that will
provide clean energy and carbon transport and storage services. The company will
transform gas into cost-leading ammonia and hydrogen and offer CO2
transportation and storage solutions using proprietary technology, paving the
way for a low carbon economy. The company was founded in 2019 and is
headquartered in Sandnes, Norway. https://www.horisontenergi.no/

For information please contact:
Bjørgulf Haukelidsæter Eidesen
+47 990 36 892
bhe@horisontenergi.com

Siri Melberg
+47 470 35 718
sm@horisontenergi.com

Dr. Christian Drepper
+49 163 10 889
christian.drepper@eon.com


This press release may contain forward-looking statements based on current
assumptions and forecasts made by E.ON Group Management and other information
currently available to E.ON. Various known and unknown risks, uncertainties, and
other factors could lead to material differences between the actual future
results, financial situation, development or performance of the company and the
estimates given here. E.ON SE does not intend, and does not assume any liability
whatsoever, to update these forward-looking statements or to align them to
future events or developments.