Oslo, 8 March 2024: Reference is made to the stock exchange notice published by
HydrogenPro ASA (the "Company" or "HydrogenPro", ticker code: HYPRO) on 5 March
2024 regarding the exercise of 216,000 options under its share incentive
program, which would result in the issuance of a corresponding number of shares
in the Company. 

The share capital increase of NOK 4,320 was today registered in the Norwegian
Register of Business Enterprises. After registration of the share capital
increase pertaining to the issuance of new shares, the share capital of the
Company is NOK 1,270,320.92, divided into 63,516,046 shares, each with a par
value of NOK 0.02. 
 
For further information, please contact:

Jarle Dragvik, CEO
+47 911 72 734
jarle.dragvik@hydrogenpro.com

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 technology & systems, 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