HyGear: Notification of Placement of € 5 Million Subordinated Loan and Transfer of Depository Receipts

Aside to this, Green Vision Holding B.V. was informed by shareholders Ontwikkelingsmaatschappij Oost Nederland N.V. and SDI Technology Ventures B.V. on their intent to each convert 109.250 ordinary shares in Green Vision Holding B.V., in total 218.500 ordinary shares or about 5% in the company's outstanding share capital, into depositary receipts. These depository receipts will be transferred to professional investor Paerel Investments B.V. from Amsterdam. Paerel Investments has the intention to place the depository receipts in the NPEX listing, which will increase the publicly tradable share percentage from 11.7% to 16.7%. The total number of shares outstanding will remain unchanged.

Aside to this, Green Vision Holding B.V. was informed by shareholders Ontwikkelingsmaatschappij Oost Nederland N.V. and SDI Technology Ventures B.V. on their intent to each convert 109.250 ordinary shares in Green Vision Holding B.V., in total 218.500 ordinary shares or about 5% in the company's outstanding share capital, into depositary receipts. These depository receipts will be transferred to professional investor Paerel Investments B.V. from Amsterdam. Paerel Investments has the intention to place the depository receipts in the NPEX listing, which will increase the publicly tradable share percentage from 11.7% to 16.7%. The total number of shares outstanding will remain unchanged.

About HyGear

HyGear supplies industrial gases like hydrogen, nitrogen and oxygen to industrial end-users by proprietary on-site production and recycling technologies. Besides this, the company supplies hydrogen as fuel for the upcoming market in hydrogen vehicles.

By combining our advanced technologies with traditional supply methods we guarantee the most optimal method of supply in terms of costs, reliability and environmental impact.

Holding company Green Vision Holding b.v. has listed depository share receipts on the NPEX trading platform. Additional company information can be found on www.npex.nl/hygear and on www.hygear.com.

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