Herning, Denmark, 17 July 2023 - With reference to the announcements made 19 and
28 June 2023, Everfuel today provides a further status update on the hydrogen
trailer fleet.

The original failure mode that caused the leakage in Heinenoord has been handled
and all trailers are checked and procedures are in place to prevent it from
happening again. The conclusion was a failure in tightening bolts on the
production line of the valve supplier.

Following refilling of the first hydrogen trailers after repairs, Everfuel
conducted routine inspections to ensure trailer integrity. During the
inspections, a second malfunction on the same valve, affecting eight trailers
has been detected. The root cause investigation of the second malfunction is
ongoing together with the trailer and valve suppliers.

Two unaffected trailers will resume operations as soon as possible and service
the Heinenoord station. Supplies of hydrogen to other refilling stations will
remain impacted. Everfuel and the suppliers apologise for the inconvenience that
the situation continue to cause for the end-customers. For most recent updates
on trailers and stations follow: https://www.everfuel.com/update/

Everfuel will provide information on the incident as part of the second quarter
report on 30 August 2023.

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, Germany and Belgium, and a plan to grow across
Europe. Everfuel is listed on Euronext Growth in Oslo under EFUEL.