Mr. Raveel Afzaal reports

NEXT HYDROGEN SOLUTIONS INC. ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

Next Hydrogen Solutions Inc. has released the results of the annual general meeting of shareholders held on June 6, 2023. All matters presented for approval at the meeting have been fully authorized and approved. A total of 8,104,195 common shares, representing 35.41 per cent of the common shares issued and outstanding, were represented in person or by proxy at the meeting. A brief description of the matters voted upon and the outcome of the votes are set forth below.

Fixing Number of Directors

The ordinary resolution to approve fixing the number of directors to be elected at the meeting at eight (8) was approved at the meeting by way of electronic ballot, as follows:

Votes For     %    Votes Against        %   

7,967,087 98.93           86,258     1.07

Election of Directors

All of the nominees proposed as directors of the Corporation were duly elected as directors of the Corporation with votes cast by the shareholders present in person or represented by proxy at the meeting by way of electronic ballot, as follows:

               Outcome of the Vote          Votes For       % Withheld      %
    
Raveel Afzaal              Elected          7,956,913 98.80 %  96,432  1.20 %
Matthew Fairlie            Elected          8,007,038 99.43 %  46,307  0.58 %
Walter Howard              Elected          7,981,950 99.11 %  71,395  0.89 %
Allan Mackenzie            Elected          7,982,896 99.13 %  70,449  0.87 %
Jens Peter Clausen         Elected          7,982,896 99.13 %  70,449  0.87 %
Michael Pyle               Elected          7,981,950 99.11 %  71,395  0.89 %
Susan Uthayakumar          Elected          7,982,996 99.13 %  70,349  0.87 %
Anthony Guglielmin         Elected          7,981,900 99.11 %  71,445  0.89 %

Appointment of Auditor

An ordinary resolution to approve the appointment of KPMG LLP, as the auditors of the Corporation, was approved at the meeting by way of electronic ballot, as follows:

Votes For     %   Withheld  %   

8,050,547 99.39  49,498  0.61

About Next Hydrogen

Founded in 2007, Next Hydrogen is a designer and manufacturer of electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as an energy source. Next Hydrogen's unique cell design architecture supported by 40 patents enables high current density operations and superior dynamic response to efficiently convert intermittent renewable electricity into green hydrogen on an infrastructure scale. Following successful pilots, Next Hydrogen is scaling up its technology to deliver commercial solutions to decarbonize transportation and industrial sectors.

We seek Safe Harbor.