NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES
OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

14 March 2025 - HydrogenPro ASA (OSE: HYPRO): Reference is made to the stock
exchange announcements on 23 December 2024 and 13 January 2025, regarding the
private placement of 12,700,000 new shares towards existing shareholders ANDRITZ
AG and Mitsubishi Heavy Industries, Ltd., as registered in the Norwegian
Register of Business Enterprises on 13 January 2025, whereby 5,281,300 of the
new shares were issued on a separate ISIN and not tradeable on Euronext Oslo
Børs until a prospectus had been approved by the Financial Supervisory Authority
of Norway.

The Financial Supervisory Authority of Norway has today, 14 March 2025, approved
the prospectus prepared in connection with the listing of these shares. The
prospectus will be made available on www.hydrogenpro.com.

For further information, please contact:

Martin Thanem Holtet, CFO

+47 922 44 902

martin.holtet@hydrogenpro.com

About HydrogenPro:
HydrogenPro is a technology company and an OEM for high pressure alkaline
electrolyser and supplies large scale green hydrogen plants, all ISO 9001, ISO
45001 and ISO 14001 certified. The Company was founded in 2013 by individuals
with background from the electrolysis industry which was established in
Telemark, Norway by Norsk Hydro in 1927. We are an experienced engineering team
of leading industry experts, drawing upon unparalleled experience and expertise
in the hydrogen and renewable energy industry.

This information is subject to the disclosure requirements pursuant to Section 5
-12 the Norwegian Securities Trading Act