Horisont Energi announces strategic review

Sandnes, Norway – 24 September 2024 – Horisont Energi (EURONEXT: HRGI) (the «Company») hereby announces that it has, in conjunction with its Board of Directors and major shareholders, initiated a strategic review to explore several options for its project portfolio within CCS and clean ammonia.

The aim is to identify and evaluate opportunities that will maximize shareholder value and ensure that the Company is well-positioned to secure the requisite funding essential for meeting the Company’s key project milestones and the successful execution of its long-term strategy.

Further updates regarding the outcomes of this strategic review and its implications for the Company’s operations and strategic direction will be communicated in due course. Danske Bank, Norwegian Branch, has been appointed as financial advisor.

About Horisont Energi

Horisont Energi (EURONEXT: HRGI) is a Norwegian clean energy company that provides clean energy and carbon transport and storage services. The company will transform gas, water and renewable energy into cost-leading clean ammonia and hydrogen and offer CO2 transportation and storage services using proprietary technology, paving the way for a low carbon economy. The Horisont Energi group includes three subsidiaries, Horisont Ammoniakk for the clean ammonia business, Horisont Karbon for the carbon storage business and Horisont Infra for the mid-stream CCS infrastructure. The company was founded in 2019 and is headquartered in Sandnes, Norway.

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