TECO 2030 Mandatory notification of trade

(Lysaker, Norway, March 2nd 2023): TECO 2030 has been notified that Marcussen Shipping AS, a fully-owned company of primary insider and Board Member of company TECO 2030 ASA, has converted shares in regards to the convertible bond in the amount of NOK 300 000 equal to 58,976 shares in TECO 2030 ASA at a price of NOK 5,0868 per share. After the transaction, Marcussen Shipping AS holds 564,388 shares in TECO 2030 ASA. Please refer to the attached notification of trading for further details. Contact: Tore Enger, Group CEO, +47 920 83 800, tore.enger@teco2030.no About: TECO 2030 is building up Europe's first Giga production facility of hydrogen PEM fuel cell stacks and modules in Narvik, Norway. The production capacity will be built up through 2023 and early 2024, targeting an output capacity of 120 MW of fuel cells in 2024, 400 MW in 2025 and 1.6 GW in 2030. TECO 2030 is a Norwegian based clean tech company developing zero-emission technology for the maritime and heavy industry. We are developing PEM hydrogen fuel cell stacks and PEM hydrogen fuel cell modules, that enable ships and other heavy-duty applications to become emissions-free. The company is listed on Euronext Growth on Oslo Stock Exchange under the ticker TECO and in New York, OTCQX under the ticker TECFF. TECO2030 is a spinoff from TECO Maritime Group, a group that has provided technology and services to the global shipping industry since 1994. For more information, please visit www.teco2030.no.