HYDROGENICS –

Woodbridge, Ont.

Went public 10/27/00 at $12 per share

Filing Range:7.0 million shares @ $10 to $12

Shares Outstanding:35.5 million shares

Underwriters:Salomon Smith Barney/CIBC World Markets/BMO Nesbitt Burns Inc.

Company Counsel: Brobeck Phleger & Harrison LLP

Manager Counsel: Cravath, Swaine & Moore

Auditor: Pricewaterhouse Coopers LLP

The Company:

Designs and produces fuel cell test benches and fuel cell related technology.

Venture Backers:

Working Ventures Canadian Fund Inc.

Financing Rounds:

Number of Round Amt.

Round # Round Date Stage Investors ($ thousands)

1 12/01/1998 2 Early Stage 1039.0

2 01/01/2000 1 Expansion 3691.0

Financials:

(Data in $ millions)

Y/E

12/31/99

Total Revenues: $2.7

Net Income: -0.2