Hynion AS - Legal update

05 Nov 2025 08:00 CET

Hynion AS (“Hynion”, “the Company”) was yesterday informed of a resolution in
the central district court of Stockholm regarding a project finance loan
undertaken by Hynion Sverige AB (which filed for bankruptcy 19 May 2025) with
Hynion issuing a parent company guarantee. The resolution states that Hynion is
liable for the original loan amount in addition to accrued interest and legal
costs associated with the proceeding.

The original loan amount was SEK 10 million, with maturity 31 December 2024.
This was later extended to 31 May 2025 in an agreement reached with the lendors
23 February 2025. The loan has been in default since 31 May 2025 under the
extended loan framework, and since the autumn of 2024 under the original
framework. The loan was backed by 1st priority security in considerable parts of
Hynion Sverige Ab’s fueling assets, which some are now sold. In addition, 4
other private individuals have jointly and severally issued guarantees for the
loan, ranking equal with Hynion.

Hynion has after receiving the resolution reached out to the lenders legal
counsel regarding a potential settlement. The parties will continue this
dialogue and have indicated the need for immediate progress. Separately meeting
and dialogues are scheduled with the largest remaining creditors in Hynion
following the debt conversion resolved earlier this year, which substantially
reduced the debt in the Company. The company want to see substantial progress
and a path to success in the short term on the restructuring initiative
currently unfolding with the support of all major Hynion creditors. Hynion will
conclude the restructuring initiative if no substantial progress is reached in
the immediate future.

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.

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