TECO 2030 Share capital increase registered

29 Nov 2022 13:18 CET

29.11.2022 13:18:03 CET | TECO 2030 ASA | Total number of voting rights and
capital

(Lysaker, Norway, November 29th 2022): Reference is made to the announcement by
TECO 2030 ASA (OSE: TECO) on November 14th 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 1,585,113.31 divided into
158,511,331 shares, each with a nominal value of NOK 0.01.



The share capital increase is the second and final tranche of the private
placement announced in a stock exchange notice on November 14th 2022.

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
* Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

ABOUT TECO 2030 ASA

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/17847477/1919/2593/Download%20announcement
%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

576933_en_Download announcement as PDF.pdf