Herning, Denmark, 1 February 2024 - Everfuel A/S has transferred its ownership
in the planned 20 MW Hydrogen Hub Agder electrolyser to the project partner
Greenstat Hydrogen AS in exchange for potential future milestone-based payments
for its participation in the development of the project.

The potential future payments depend on the project achieving final investment
decision. Following the share transfer, Greenstat Hydrogen AS own 100% of the
project located in Kristiansand, Norway.

"This transaction is in line with our realigned strategy with focus on phased
development of large-scale electrolysers in Denmark to meet demand for green
hydrogen from large industrial users in Germany and continental Europe. We are
pleased that our project partner Greenstat Hydrogen AS now assumes full
ownership to further mature the project and bringing the facility into
production to decarbonise maritime transport," says Jacob Krogsgaard, founder
and CEO of Everfuel.

For further information, please contact:

Jacob Krogsgaard, CEO, Everfuel, +45 2871 8945
Mads Tirsgaard Mortensen, Investor Relations Manager, Everfuel, mm@everfuel.com,
+45 7730 4727

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.
Everfuel is listed on Euronext Growth in Oslo under EFUEL.