HydrogenPro ASA: Grant of share options

12 Jan 2026 07:00 CET

(January 12, 2026 -- Oslo, Norway) HydrogenPro ASA (OSE: HYPRO) has today
resolved to grant share options under its long-term incentive (LTI) program.
The grant follows the approval of a share options program at the Annual
General Meeting on 30 April 2025.

The vesting time is 3 years, and the options expire after 4 years. A total
number of 822,500 share options were granted. Each option, when exercised,
will give the right to acquire one share in the Company. The options are
granted without consideration.
All the share options have strike price of NOK 1.00/share and a vesting period
of 3 years. Vesting requires the option holder still to be an employee in the
Company.
Primary insiders in HydrogenPro ASA have received the following grants of
options, according to the terms described above:

* Jarle Dragvik, Chief Executive Officer, has been granted 270,000 share
options. Following the grant, he holds 41,033 shares and 670,000 options.

* Martin Thanem Holtet, Chief Financial Officer, has been granted 80,000 share
options. Following the grant, he holds 1,500 shares and 80,000 options.

* Michael Caspersen, Chief Commercial Officer, has been granted 80,000 share
options. Following the grant, he holds no shares and 80,000 options.

* Jon Backer, Chief Operations Officer, has been granted 70,000 share options.
Following the grant, he holds no shares and 70,000 options.

* Tormod Kløve, Chief Legal Officer, has been granted 67,500 share options.
Following the grant, he holds no shares and 117,500 options.

* Cathrin Bretzeg, Chief People & Culture Officer, has been granted 67,500
share options. Following the grant, she holds no shares and 117,500
options.

* Odd-Arne Lorentsen, Chief Technology Officer, has been granted 80,000 share
options. Following the grant, he holds no shares and 80,000 options.

* Jan-Henrik Kuhlefelt, General Manager at HydrogenPro Tianjin Co Ltd., has
been granted 67,500 share options. Following the grant, he holds 10,000
shares and 117,500 options.

In addition, 40,000 options have been granted to employees who are not primary
insiders.

For further information, please contact:
Martin Thanem Holtet, CFO
+47 922 44 902
martin.holtet@hydrogenpro.com

About HydrogenPro:
HydrogenPro, established in 2013, specialises in pioneering green hydrogen
technology solutions through partnerships with global collaborators and
suppliers. Our flagship products are high-pressure alkaline electrolysers,
incorporating some of the most advanced technology available. As an OEM, we
provide high-pressure alkaline electrolysers and supply large-scale green
hydrogen plants, all certified to ISO 9001, ISO 45001, and ISO 14001
standards. Our experienced engineering team consists of leading industry
experts, drawing upon unparalleled knowledge and expertise in the hydrogen and
renewable energy sectors.
For more information, visit www.hydrogenpro.com
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This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication,
through the agency of the contact persons set out above, at 2026-01-12 07:00
CET.

More information:
Access the news on Oslo Bors NewsWeb site

663434_HydrogenPro ASA- Grant of share options.pdf
663434_Skjema For Melding Om Transaksjoner Utført Av Personer Med Ledelsesansvar («primærinnsidere») Og Deres Nærstående (KRT 1500) HYPRO.pdf