Drammen, Norway, 12 September 2023.

Reference is made to Hyon AS' (HYON) ("Company") announcement on 1 September on key dates relating to a liquidation dividend if the Company is dissolved pursuant to a resolution by the general meeting.

The Company hereby announces a correction that the Company's share will trade including the right to receive dividend until the Company's general meeting has resolved an audited liquidation budget including any liquidation dividend.

A liquidation budget will be presented to a second general meeting following a creditor notice period of six weeks, if the general meeting on 15 September 2023 is completed with a resolution on dissolving the Company being validly made.

Further to the above, investors should disregard the key information on right to dividend announced on 12 September 2023. Any resolution by the general meeting on 15 September 2023 will be amended accordingly. Key dates for any liquidation dividend will be announced when decided.

For further inquiries, please contact:

Jørn Kristian Lindtvedt CEO (jorn.lindtvedt@hyon.energy),or Otto Søberg Chairman of the Board (Otto.Soeberg@outlook.com).

This information is subject to the disclosure requirements pursuant to section 5-12 the Norwegian Securities Trading Act.

Forward-looking statements

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believe that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond their control. Actual events may differ significantly from any anticipated development due to a number of factors, including without limitation, changes in public sector investment levels, changes in the general economic, political and market conditions in the markets in which the Company operates, the Company's ability to attract, retain and motivate qualified personnel, changes in the Company's ability to engage in commercially acceptable acquisitions and strategic investments, and changes in laws and regulation and the potential impact of legal proceedings and actions. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not make any guarantee that the assumptions underlying the forward-looking statements in this announcement are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this announcement or any obligation to update or revise the statements in this announcement to reflect subsequent events. You should not place undue reliance on the forward-looking statements in this announcement.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.

This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company.