Restructuring update

27 Jan 2026 08:50 CET

Oslo, 27 January 2026. Reference is made to the stock exchange notice published
on 18. January regarding the standstill in negotiations with creditors involved
in the restructuring of Hynion AS, and the Board of Director's decision to
proceed with filing for bankruptcy.

After this notice, but prior to the bankruptcy petition being submitted to the
court, Hynion AS has made substantial progress in negotiations with the
remaining creditors, and is positive that an bankruptcy could be avoided. The
Board of Directors will revert to the market with a final update as soon as
possible. The shares in Hynion AS will remain suspended from trading until
further notice.

Separate notice:
The Board of Directors has been informed that former Chairman, Jens Myhrstad,
has resigned from his position. An extraordinary general meeting will be
convened shortly to elect a new Chairman.

For further information, please contact:
Lavrans Grjotheim, CEO
+47 400 49 141

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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