TECO 2030 Share capital increase registered

07 Nov 2022 11:32 CET

7.11.2022 11:32:11 CET | TECO 2030 ASA | Total number of voting rights and
capital

(Lysaker, Norway, November 7th 2022): Reference is made to the two announcements
by TECO 2030 ASA (OSE: TECO) on October 9th 2022 regarding the private
placement.

The share capital increase pertaining to the issuance of the new shares has now
been registered with the Norwegian Register of Business Enterprises. The
Company's new registered share capital is NOK 1,450,674.56 divided into
145,067,456 shares, each with a nominal value of NOK 0.01.

DISCLOSURE REGULATION

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

CONTACTS

* Pål Christian Johnsen, CFO, +47 412 76 747, pcj@teco2030.no

ABOUT TECO 2030 ASA

About TECO 2030: Europe's first Giga production facility of hydrogen PEM fuel
cell stacks and modules in Narvik, Norway. The production capacity will be built
up through 2023 and early 2024, targeting an output capacity of 120 MW of fuel
cells in 2024, 400 MW in 2025 and 1.6 GW in 2030.

TECO 2030 is a Norwegian based clean tech company developing zero-emission
technology for the maritime and heavy industry. We are developing PEM hydrogen
fuel cell stacks and PEM hydrogen fuel cell modules, that enable ships and other
heavy-duty applications to become emissions-free. The company is listed on
Euronext Growth on Oslo Stock Exchange under the ticker TECO and in New York,
OTCQX under the ticker TECFF. TECO2030 is a spinoff from TECO Maritime Group, a
group that has provided technology and services to the global shipping industry
since 1994. For more information, please visit www.teco2030.no -
http://www.teco2030.no/.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/1869/2531/Download%20announcement
%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

574893_en_Download announcement as PDF.pdf