TECO 2030 Mandatory notification of trade

16 Jan 2023 22:05 CET

(Lysaker, Norway, January 16th 2023): TECO Maritime Group AS, a party closely
related to TECO 2030 Chairman Sigurd Gaarder Lange, has sold 82,366 shares to a
third party at a price of NOK 12.1408 per share.

Reference is made to the attached notification of trading for further details.

Contact: Pål Christian Johnsen, CFO, +47 41276747, pcj@teco2030.no

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 the 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.

More information:
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