Cavendish Hydrogen ASA: Delivery of distributed shares

13 Jun 2024 08:00 CEST

Oslo, 13 June 2024: Reference is made to the stock exchange announcements by Nel
ASA ("Nel", OSE: NEL) and Cavendish Hydrogen ASA ("Cavendish", OSE: CAVEN) on 6
June 2024 regarding the distribution of shares in Cavendish to the shareholders
of Nel, and the stock exchange announcements by Cavendish on 12 June 2024
regarding the first day of trading on the Oslo Stock Exchange and the mandatory
notifications of trade and shareholder disclosure notification.

The distributed shares have been delivered to the VPS accounts of the relevant
shareholders of Nel. Out of the total 33,618,145 shares in Cavendish, 33,417,965
shares have been distributed to the relevant Nel shareholders, while the
remaining 200,180 shares are kept by Nel due to downward rounding in connection
with rounding to the nearest whole share. Any shares kept by Nel are intended to
be transferred to Cavendish without consideration when appropriate following
completion of the distribution and be held by Cavendish as treasury shares.


For further information, please contact:

Marcus Halland, CFO, +47 930 90 190


About Cavendish Hydrogen ASA:

Cavendish Hydrogen ASA is a leading hydrogen fueling company that specializes in
the development, production, marketing, sales and service of equipment for
fueling hydrogen into on-road vehicles. The company operates globally with
offices in Denmark, California (the U.S), South Korea and Austria. The ongoing
focus of the company is to develop its product portfolio to meet the expected
market expansion for long-distance heavy-duty trucking. For more information,
please visit https://cavendishh2.com/.

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