Correction: Everfuel grants warrants to deputy CEO

30 Nov 2022 21:09 CET

(Updated to include holding of shares and warrants after the grant and
attachment with transaction notification)

Herning, Denmark, 30 November 2022 - Everfuel A/S today announced the grant of
warrants to Martin Skov Hansen following his appointment to deputy CEO at
Everfuel from 1 January 2023.

The grant was made by the Board of Directors under an authorisation approved by
the Annual General Meeting as part of a warrant program to support long-term
employee alignment, commitment and motivation to unlock hydrogen at scale
through potential shared ownership.

Skov Hansen was awarded a total of 200,000 warrants in the company without
payment of any consideration. Each warrant gives the right to subscribe for one
share. The warrants have an exercise price of approximately EUR 4.38 (equivalent
to NOK 45.00 per share) based on the closing price of the Everfuel share on 30
November. The exercise period is from the annual general meeting's approval of
the Company's annual report for 2025 and the following two years. It is a
condition that the recipient has not resigned before start of the exercise
period.

Martin Skov Hansen directly and indirectly controls a total of 9,600 shares and
200,000 warrants following today's grant.

For additional information, please contact:

Anders Bertelsen, CFO, +45 21 35 43 03, ab@everfuel.com
Mads Tirsgaard Mortensen, Investor Relations Manager, Everfuel, mm@everfuel.com,
+45 61 71 56 25

About Everfuel | www.everfuel.com

Everfuel is making green hydrogen for zero emission industry and mobility
commercially available across Europe, offering competitive all-inclusive
hydrogen supply and fuelling solutions. We own and operate green hydrogen
infrastructure and partner with industry and vehicle OEMs to connect the entire
hydrogen value chain and seamlessly provide hydrogen fuel to enterprise
customers under long-term contracts. Green hydrogen is a 100% clean energy
carrier made from renewable solar and wind power and key to decarbonising
industry and transportation in Europe. We are an ambitious, rapidly growing
company, headquartered in Herning, Denmark, and with activities in Norway,
Denmark, Sweden, The Netherlands, Germany and Belgium, and a plan to grow across
Europe.

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

More information:
Access the news on Oslo Bors NewsWeb site

577114_221130_Warrants_grant_statement_v2.pdf
577114_Notification_of_transactions_by_Primary_Insiders_and_Close_Associates_30_November_2022.pdf