STATUS UPDATE - HYNION AS

07 Aug 2025 17:00 CEST

Hynion AS has been in a highly challenging financial situation for an extended
period, driven by extremely weak sentiment toward hydrogen investments. The
company has for some time been attempting to secure a financing solution to
ensure continued operations. These efforts have become even more difficult
following the bankruptcy of Hynion Sverige AB.

The Board is considering all available options and will, enter discussions with
the company’s creditors to assess whether a restructuring and reorganization is
feasible, as well as to review the company’s current financial situation. The
Board believes this is necessary in order to secure the continued operations of
Hynion AS. This was decided in a board meeting today.

The Board is currently working to finalize the annual financial statements for
2024 and will publish them as soon as they are completed.

For further information, please contact:

Jens Myhrstad, Chair of the Board of Directors Phone: +4741758300

Email: jens@myhrstad.no

This information is considered inside information pursuant to the EU Market
Abuse Regulation and is subject to the disclosure requirements under section
5-12 of the Norwegian Securities Trading Act. The information was submitted for
publication, through the contact person listed above, on 7 August 2025 at 17:00
CET.

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