HYNION AS - SUCCESSFUL COMPLETION OF RESTRUCTURING

5. February 2026:

Reference is made to previous announcements regarding the restructuring process in Hynion AS ("Hynion", or the "Company"). Hynion Today announces that its restructuring process has been successfully completed, with all relevant agreements signed.

The restructuring as a whole has involved bilateral agreements with a total of 18 creditors and is expected to reduce the Company's totalt liabilities from approximately NOK 32.7 million to aproximately NOK 2.2 million, following all debt-to-equity conversions.

The restructuring has been undertaken with support from the Company's creditors and financed by a third-party investor, ensuring compliance with the Norwegian Limited Liability Companies Act in all relevant matters.

As part of the restructuring process, the Company has also divested its hydrogen fueling assets in Porsgrunn to an industrial counterparty. Furthermore the hydrogen fueling assets in Høvik have been sold to a subsidiary of Hynion, pending a final sale of the asset, which is currently under legal review by the buyer and is expected to be signed shortly. The internal transaction is approved by the landowner in accordance with the applicable lease agreement.

The restructuring will involve a conversion of debt to equity. Further details regarding such conversion, including transaction terms and pricing, will be announced to the market in due course, after appropriate resolutions by the general assembly.

The board of directors expect the conversion to be done at the lower of i) 7-day volume-weighted average price (VWAP) or ii) a pre-money valuation of NOK 12 million.

General meeting to be convened shortly: The Company will convene a general meeting to, among other matters, elect a new auditor, Chair of the board and addopt the necessary corporate resolutions to enable a finalized solution. The general meeting will be held on Monday, 16. February, and will be announced in a separate notice.

The auditor is expected to be registered with the Register of Business Enterprises on the same day. The Company has received support from two financial investors who will provide a convertible loan or other financial guarantee in accordance with the requirements set by the new auditor. The final details will be agreed upon before the general meeting.

Trading in the Company's shares will be halted until the new auditor has been registered, expected on the 16. February.

For further information, please contact: Lavrans Grjotheim, CEO Tel: +47 400 49 141

This information is considered inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements under section 5-12 of the Norwegian Securities Trading Act.