SANDNES, Norway - 26 August 2022 - Horisont Energi (EURONEXT: HRGI) and Koole
Terminals B.V. (Koole Terminals), a leading independent liquid bulk storage
company, today announced the planned development of a CO2 terminal in the Port
of Rotterdam. This terminal and storage facility at the Port of Rotterdam will
handle both clean ammonia and CO2. Redevelopment of several hectares for tank
storage, multi-modal connections, and access to at least two deep-sea jetties
will allow for multi-million tonnes of product throughput.

In the fall of 2021, the two companies signed a memorandum of understanding to
collaborate on the development of a terminal and storage facility at the Port of
Rotterdam for clean ammonia produced and shipped from the clean ammonia plant
Barents Blue. The agreement will have a wider scope going forward, and it now
includes the intermediate storage of CO2 which will be permanently stored at
Horisont Energi's planned offshore storage facilities in Norway.

"We are very excited to announce that our cooperation with Koole Terminals will
include a CO2 terminal. The two companies have cooperated well during this first
year, and it is essential for us to bring about solid relationships with key
storage, handling, and transport partners in the region so we can establish an
end-to-end carbon capture and storage (CCS) service, while ensuring that our
clean ammonia can reach all potential clients. This is an important step for
Horisont Energi," said Bjørgulf Haukelidsæter Eidesen, CEO of Horisont Energi. 
The Port of Rotterdam is the major energy hub for Western Europe, with around 13
percent of the total energy demand in Europe entering the EU via Rotterdam.
Koole Terminals is one of the leading operators in storage, processing, and
logistics at the port.

"We look forward to continuing our great collaboration with Horisont Energi.
This partnership fits very well with Koole Terminals' sustainable energy
strategy to facilitate the transition to a low-carbon future, and we are proud
to work together with Horisont Energi to materialize their European distribution
hub for renewable energy and CO2. Furthermore, it will accelerate Koole
Terminals' international expansion plans to reach new markets," said Tamme
Mekkes, Business Development Director of Koole Terminals.

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

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

Tamme Mekkes
+31 6 83 58 94 25
t.mekkes@koole.com
Jasmijn Stolk
+31 6 82 99 05 58
j.stolk@koole.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 natural and renewable gases, 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 company was founded in 2019 and is headquartered in Sandnes, Norway. 
horisontenergi.no 

About Koole Terminals
Koole Terminals is a leading and independent storage, processing, and logistics
company, enabling business growth through integrated and innovative service
offerings for large-volume products, driving the energy transition forward for a
sustainable future by supporting its world-class customers. With 11
strategically located terminals in Europe and a total volume of 4,100.000 cbm,
Koole reflects the diversity of its customers' needs. From transporting,
storing, blending, and processing a wide range of products, to ensuring a low
carbon footprint through focused energy efficiency. All these solutions are
always provided in a safe, reliable, and sustainable manner.
koole.com