Cavendish Hydrogen ASA - Board Resolution to Increase Share Capital

02 Jun 2026 20:50 CEST

June 2, 2026 - Oslo Norway: Reference is made to the stock exchange
announcement by Cavendish Hydrogen ASA (the "Company", Oslo Børs Ticker:
CAVEN) on May 5, 2026 where the Company announced a strategic equity
investment and long-term cooperation with BHDT GmbH ("BHDT") including an
issuance of new shares to BHDT through a direct share issue (the "Share
Issue").

The board of directors of the Company has today, on June 2, 2026 and in
accordance with the board authorization granted by the annual general meeting
on May 26, 2026, resolved to issue 5,940,749 new shares to BHDT, each with a
nominal value of NOK 2 and at a subscription price of NOK 8.73 per share,
equivalent to a total cash contribution to the Company of about NOK 52
million.

Completion of the Share Issue is inter alia conditional upon the share capital
increase being registered with the Norwegian Register of Business Enterprises,
expecting to take place on or about June 19, 2026. Following the Share Issue,
the Company's new share capital will be NOK 79,117,788 divided into 39,558,894
shares, each with a par value of NOK 2.

The Company will send a separate stock exchange announcement once the
registration has been made.

For additional information, please contact:

Cavendish Hydrogen ASA Investor Relations
Mirza Koristovic, Head of Investor Relations
IR@cavendishh2.com
+47 938 70 525

About Cavendish Hydrogen ASA | www.cavendishh2.com
Cavendish Hydrogen is a global leader in hydrogen fueling solutions for the
mobility sector. Driven by the vision to end emission from mobility, Cavendish
is committed to providing safe, competitive, and reliable hydrogen fueling
solutions, offering the convenience of traditional fuels but with zero
emissions. The company covers the entire value chain from development and
production to installation, commissioning, and maintenance. Through value
creation and cutting-edge technology, Cavendish is setting new standards for
fueling heavy-duty vehicles with reliable hydrogen solutions. Cavendish
Hydrogen ASA is listed on the Oslo Stock Exchange (CAVEN) and headquartered in
Herning, Denmark.

This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication, through the
agency of the contact persons set out above, at 2026-06-02 20:50 CEST.

More information:
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