1. Name and address of the offeror General Motors Holdings LLC (the "Offeror") 300 Renaissance Center Detroit, Michigan, 48265-3000 2. The designation and number or principal amount of securities and the offeror's securityholding percentage in the class of securities of which the offeror acquired ownership or control in the transaction or occurrence giving rise to the obligation to file the news release, and whether it was ownership or control that was acquired in those circumstances. On November 2, 2009 the Offeror acquired ownership and control of 11,364,006 common shares (the "Acquired Shares") of Hydrogenics Corporation (the "Company") from General Motors LLC (formerly known as General Motors Company) ("GMC") in connection with the implementation of an internal reorganization of the GMC's corporate structure described in item 8 below. The Acquired Shares represent approximately 12.3% of the issued and outstanding common shares of the Company (based upon the 92,407,095 common shares stated to be outstanding as of June 30, 2009 by the Company in the Company's quarterly financial statements filed on SEDAR on August 14, 2009). 3. The designation and number or principal amount of securities and the offeror's securityholding percentage in the class of securities immediately after the transaction or occurrence giving rise to the obligation to file a news release. After giving effect to the acquisition of the Acquired Shares described in item 2 above, the Offeror owned and controlled 11,364,006 common shares in the capital of the Company representing approximately 12.3% of the issued and outstanding common shares of the Company (based upon the 92,407,095 common shares stated to be outstanding as of June 30, 2009 by the Company in the Company's quarterly financial statements filed on SEDAR on August 14, 2009). 4. The designation and number or principal amount of securities and the percentage of outstanding securities of the class of securities referred to in paragraph 3 over which: (i) the offeror, either alone or together with joint actors, has ownership and control, After giving effect to the acquisition of the Acquired Shares described in item 2 above, the Offeror beneficially owned and controlled 11,364,006 common shares in the capital of the Company representing approximately 12.3% of the issued and outstanding common shares of the Company (based upon the 92,407,095 common shares stated to be outstanding as of June 30, 2009 by the Company in the Company's quarterly financial statements filed on SEDAR on August 14, 2009). (ii) the offeror, either alone or together with joint actors, has ownership but control is held by other persons or companies other than the offeror or any joint actor. Not applicable. (iii) the offeror, either alone or together with joint actors, has exclusive or shared control but does not have ownership. Not applicable. 5. The name of the market in which the transaction or occurrence that gave rise to the news release took place. The Acquired Shares were acquired by the Offeror by private agreement entered into in connection with the implementation of an internal reorganization of the GMC's corporate structure described in item 8 below. 6. The value, in Canadian dollars, of any consideration offered per security if the offeror acquired ownership of a security in the transaction or occurrence giving rise to the obligation to file a news release. The Acquired Shares were acquired by the Offeror by in connection with the implementation of an internal reorganization of the GMC's corporate structure described in item 8 below. 7. The purpose of the offeror and any joint actors in effecting the transaction or occurrence that gave rise to the news release, including any future intention to acquire ownership of, or control over, additional securities of the reporting issuer. As described in the early warning report filed by General Motors Corporation on October 26, 2001, the Acquired Shares were issued to General Motors Corporation by the Company as consideration for entering into a master intellectual property agreement and a corporate alliance agreement with the Company. The Acquired Shares were then transferred to GMC in connection with the voluntary bankruptcy proceedings of General Motors Corporation and, in connection with the bankruptcy proceedings, the sale of substantially all of its assets to GMC, as described in the early warning report filed by GMC on July 10, 2008. As part of, and in connection with, the internal reorganization of GMC's corporate structure described in item 8 below, the Offeror was assigned, and became a party to, the aforementioned master intellectual property agreement and corporate alliance agreement and also acquired the Acquired Shares. Subject to applicable laws and terms of any agreements between the Company and the Offeror, the Offeror may purchase or sell securities of the Company in the future on the open market or in private transactions, depending on market conditions and other factors material to the Offeror. 8. The general nature and the material terms of any agreement, other than lending arrangements, with respect to securities of the reporting issuer, entered into by the offeror, or any joint actor, and the issuer of the securities or any other entity in connection with the transaction or occurrence giving rise to the news release, including agreements with respect to the acquisition, holding, disposition or voting of any securities. On October 16, 2009 GMC commenced an internal reorganization of its corporate structure, which was completed on November 2, 2009, consisting of certain steps, including: (i) GM Merger Subsidiary, Inc., an indirect wholly-owned subsidiary of GMC, being merged with and into GMC, with GMC being the surviving corporation; (ii) GMC being converted to a Delaware limited liability company and changing its name to General Motors LLC; and (iii) GMC distributing its equity interests in certain entities, including its interest the Company, to General Motors Holdings LLC. 9. The names of any joint actors in connection with the disclosure required by this form. Not applicable. 10. In the case of a transaction or occurrence that did not take place on a stock exchange or other market that represents a published market for the securities, including an issuance from treasury, the nature and value in Canadian dollars of the consideration paid by the offeror. Not applicable. The Acquired Shares were acquired by the Offeror by in connection with the implementation of an internal reorganization of the GMC's corporate structure described in item 8 above. 11. If applicable, a description of any change in any material fact set out in a previous report by the entity under the early warning requirements or Part 4 in respect of the reporting issuer's securities. Not applicable. 12. If applicable, a description of the exemption from securities legislation being relied on by the offeror and the facts supporting that reliance. Not applicable. DATED November 2, 2009.
For further information: Anne T. Larin, Assistant Secretary, Telephone: (313) 556-5000
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