Press release: Everfuel expands management team to drive execution of green hydrogen growth strategy

30 Nov 2022 18:45 CET

Herning, Denmark, 30 November 2022 - Everfuel A/S has appointed Martin Skov
Hansen as deputy chief executive officer to expand the management team and drive
execution of the growth strategy as a leading European green hydrogen company.

Martin Skov Hansen, who today is a member of the Everfuel board of directors,
will have a special focus on organisational development, HR and maturing key
business and internal processes. He will resign from the board immediately and
join Everfuel as deputy CEO from 1 January 2023. Jacob Krogsgaard, the founder
and CEO of Everfuel, will maintain the overall group management responsibility
with emphasis on strategy, partnerships and external relations.

"The hydrogen market is rapidly expanding and Everfuel requires strong
management resources and capabilities to fully capture this growth as a leading
European green hydrogen company. We are therefore very pleased with Martin
becoming more hands-on as part of the leadership team and strengthen the
corporate platform for delivering on the long-term growth plan," says Søren
Eriksen, the Chairman of Everfuel.

"Martin has a proven track record of helping companies develop high-performing
organisations and accelerating growth. He adds extra band-with and capabilities
to the management and will take charge of scaling the Everfuel organisation and
execution-platform for making hydrogen happen. This will enable me to dedicate
more time to strategy, customers, partners and investors," says Jacob
Krogsgaard.

Martin Skov Hansen has more than 20 years of experience as auditor and adviser
for multiple medium and large companies in several industries as a former
partner at PWC and business leader. From 2019 to 2022, Skov Hansen served at CEO
for Society of Lifestyle in Denmark. Areas of expertise include multinational
companies working across borders and IFRS. He holds a MSc in Business
Administration and Auditing from Syddansk University, Kolding, Denmark and is a
state-authorised public accountant.

"I subscribe to Everfuel's purpose of a zero-emission future, and I am impressed
by how Jacob and his team are a driving force in making green hydrogen
commercially available in Europe. I look forward to joining the team of
Evefuellers at the farm in Herning to help build the Everfuel platform for long
-term growth and value creation," says Martin Skov Hansen, the new deputy CEO of
Everfuel.

Following the strengthening of the leadership team, Everfuel management will
comprise of Jacob Krogsgaard (CEO), Martin Skov Hansen  (Deputy CEO), Anders
Bertelsen (CFO), Uffe Borup (CTO), Jeppe Hjuler Mikkelsen (COO), Mikkel
Abildtrup Pedersen (CDO), Lars Jacobsen (Sales Director) and Nicolaj Rasmussen
(Business Development Director).

For additional information, please contact

Everfuel

Jacob Krogsgaard, CEO, Everfuel, +45 2871 8945

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.

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