The grant was made by the Board of Directors under an authorisation approved by the Annual General Meeting as part of a warrant program to support long-term employee alignment, commitment and motivation to unlock hydrogen at scale through potential shared ownership.

Jesper Ejlersen was awarded a total of 140,000 warrants in the company without payment of any consideration. Each warrant gives the right to subscribe for one share. The warrants have an exercise price of approximately EUR 1.35 (equivalent to NOK 10.06 per share) based on the closing price of the Everfuel share on 20 September 2023. The exercise period is from the annual general meeting's approval of the Company's annual report for 2026 and the following two years. It is a condition that the recipient has not resigned before start of the exercise period.

Jesper Ejlersen directly and indirectly controls a total 140,000 warrants following today's grant.

For additional information, please contact:

Martin Skov Hansen, Deputy CEO, +45 5138 4700
 

About Everfuel | www.everfuel.com

Everfuel is making green hydrogen for zero emission industry and mobility commercially available across Europe, offering competitive all-inclusive hydrogen supply and fuelling solutions. We own and operate green hydrogen infrastructure and partner with industry and vehicle OEMs to connect the entire hydrogen value chain and seamlessly provide hydrogen fuel to enterprise customers under long-term contracts. Green hydrogen is a 100% clean energy carrier made from renewable solar and wind power and key to decarbonising industry and transportation in Europe. We are an ambitious, rapidly growing company, headquartered in Herning, Denmark, and with activities in Norway, Denmark, Sweden, The Netherlands and Germany, and a plan to grow across Europe.

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