Reference is made to the announcement by Hexagon Purus ASA (the "Company") of 20 December 2023 concerning the completion of the issue of convertible bonds with gross proceeds of approximately NOK 1,000 million (the "Bond Issue"). The Bond Issue was approved by the Company's Extraordinary General Meeting on 11 January 2024.

Settlement of the Bond Issue has now been completed and bonds have been issued to the subscribers. As communicated in the 20 December 2023 announcement, the Board of Directors has resolved to include Nicole Vermeulen, Chief Industrial Officer at Hy24, nominated by Clean Hydrogen Equipment Fund SLP, (Hy24), as an observer to the Board of Directors.

For further information:

Salman Alam, CFO, Hexagon Purus
Telephone: +47 476 12 713 | salman.alam@hexagonpurus.com (mailto:salman.alam@hexagonpurus.com)

Mathias Meidell, Director Investor Relations, Hexagon Purus
Telephone: +47 909 82 242 | mathias.meidell@hexagonpurus.com (mailto:mathias.meidell@hexagonpurus.com)

Eli Turander, Global Communication Director, Hexagon Purus
Telephone: +47 953 35 795 | eli.turander@hexagonpurus.com (mailto:eli.turander@hexagonpurus.com)

About Hexagon Purus
Hexagon Purus enables zero emission mobility for a cleaner energy future. The company is a world leading provider of hydrogen Type 4 high-pressure cylinders and systems, battery systems and vehicle integration solutions for fuel cell electric and battery electric vehicles. Hexagon Purus' products are used in a variety of applications including light, medium and heavy-duty vehicles, buses, ground storage, distribution, refueling, maritime, rail and aerospace.

Learn more at www.hexagonpurus.com and follow @HexagonPurus on X and LinkedIn.