19 April 2024 - HydrogenPro ASA (OSE: HYPRO): Reference is made to the annual
general meeting and extraordinary general meeting of HydrogenPro ASA (the
"Company") scheduled to be held on 23 April 2024 (the "AGM" and the "EGM",
respectively) and stock exchange announcements published in relation therewith. 

In connection with the AGM, chair of the board, Terje Mikalsen has received
proxies without voting instructions representing 3,991,282 shares and votes,
corresponding to 5.69% of the outstanding shares and votes in the Company. In
addition, Mr. Mikalsen controls 100% of the shares in TM Holding AS, a company
holding 9,635,182 shares in the Company, corresponding to approx. 13.74% of the
outstanding shares and votes. Consequently, Mr. Mikalsen will vote for a total
of 13,626,464 shares at the AGM, corresponding to an aggregate of approx. 19.43%
of the outstanding shares and votes in the Company, thereby crossing the 15%
reporting threshold.

In connection with the AGM, member of the board, Richard Espeseth, has received
proxies without voting instructions representing 3,936,490 shares and votes,
corresponding to 5.61% of the outstanding shares and votes in the Company. In
connection with the EGM, Mr. Espeseth, has received proxies without voting
instructions representing 3,997,811 shares and votes, corresponding to 5.70% of
the outstanding shares and votes in the Company. In addition, Mr. Espeseth holds
11,257,458 shares in the Company, corresponding to approx. 16.05% of the
outstanding shares and votes. Consequently, Mr. Espeseth will vote for a total
of 15,193,948 shares at the AGM and 15,255,269 shares at the EGM, corresponding
to an aggregate of approx. 21.67% and 21.76%, respectively, of the outstanding
shares and votes in the Company, thereby crossing the 20% reporting threshold.

This notification regards proxies without voting instructions only, and not
advance votes and proxies with voting instructions, which will be accounted for
at the annual and extraordinary general meetings.  

The voting proxies are only valid for the relevant general meeting under which
they are granted.

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 sections
4-2 and 4-4 of the Norwegian Securities Trading Act.