myFC | Interim Report January – March 2017 | page 1

InterimreportApril–June2017SignificanteventsApril–June

l MyFCdevelopshybridplatformfortheglobaloperatorandpowerbankmarketanddebutsJAQHybridatMobileWorldCongressinShanghai

l NewpatentsapprovedinEurope,IndiaandCanada

l MyFCdevelopsLaminaRangeExtenderforelectriccars,doublingitspotentialtargetmarket

l MyFCstrengthensfinancesforastrongerpositioninChina

l HandelsbankenFondernewmajorownerofmyFC;boardandstaffincreasetheirownershipsignificantly

Q22017 Q22016 Jan-June2017

Jan-June2016

Fullyear2015

Netsales,SEK000 21 306 331 303 335

Operatingmargin,% neg neg neg neg neg

Equitypershare,SEK 3,7 3,7 3,7 3,7 3,4

Equityratio,% 89,6 86,1 89,6 86,1 87,1

Averagenumberofemployees 12 13 12 13 14

myFC | Interim Report January – March 2017 | page 2

AwordfromourCEOThesecondquarteroftheyearwascharacterizedbythedevelopmentandcompletionofJAQHybrid,ournewplatformsolutionformobiledevices;aswellasthenewsaboutLaminaREX,thecoreofourambitionsfortheautomotiveindustry.Duringthequarter,wealsostrengthenedthecompany'scapitalizationtogetreadyforthenextstepinourdevelopment.InApril,wecommunicatedthedevelopmentofJAQHybrid,whichenablesourfuelcellLamina™tocoexistwithbatteryandprovidethebestfeaturesbothfuelcellsandbatteriesinonedevice.JAQHybridisourleadproductplatformandournewofferingtowardmobileoperatorsandpowerbankmanufacturers.InlateJune,wepremieredJAQHybridatMobileWorldCongressinShanghai.Itwaspositivelyreceived.TheJAQHybridisbothpracticalandstylishinitsdesign.Itsbatteryischargedbyusingoneofourfuelcards,orthrougharegularpoweroutlet.Inotherwords,theJAQHybridistheonlyexternalchargerausereverneeds.Aspreviouslycommunicated,ourengineersarenowworkingoncompletingJAQHybrid.WeplantocommenceproductionofJAQHybridinthenextfewmonths,whichmeansmovingintothedeliveryphasetowardstheimportantChinesemarket.ThefirstdeliverywillgotoTelling,aspreviouslyannounced.Duringthequarter,weinformedthemarketaboutourplanstodevelopaRangeExtenderforelectriccars,LaminaREX.WewilldoafurtherdevelopmentofthehybridsolutionintheJAQHybridandbegintheconstructionofaprototype(proofofconcept)towardtheautomotivemarketduringthesecondhalfof2017.Testswithacarinarealenvironmentareplannedfor2018.TheintroductionofLaminaREXisaresultofacceleratedelectrificationoftheautomotiveindustry,reinforcedbythefactthatseveralmajorcitieshavealreadysetadeadlineforthebanondieselcars.Leadingcarmanufacturersnowannouncethattheywillexclusivelydevelopelectriccarsinthefuture.Throughallthisdevelopment,amajorchallengeremainswhichwillresonateacrosstheautomotiveindustryaswellasthemobileindustry:toensurethatthebatteryneverdepleteswhenweareinmotion.Itisthischallengeourtechnologyhasthepotentialtosolve.Duringthequarter,wehavesecuredkeypatentsinCanada,IndiaandEurope.Intotal,wenowhaveapatentportfolioforbothfuelcellandfuelofmorethan80patentsandpatentapplications.Duringthesecondquarter,wehavestrengthenedourfinanceswithSEK12.2million,andaftertheendofthequarterbyanadditionalSEK32.3million.Thenewcapitalwillbeusedtosupportourdevelopmentprojects,increaseourownershipinourjointventuremyFCAsia,continuedbusinessdevelopmentandfurtherenhancementsinourorganization.

myFC | Interim Report January – March 2017 | page 3

Duringthethirdquarteroftheyear,Iwillmanagethecompanyaccordingtofourmainpriorities,inthefollowingorder:

1. TofulfilourcommitmenttoTelling.

2. Tocontinuetodevelopourrelationshipswithmobileoperators.

3. Tobuildrelationshipswithstakeholdersinthebatteryandterminalworld,specificallypowerbankandsmartphonemanufacturers.

4. TobeginthedevelopmentofLaminaREX,inordertohaveaprototypeonthemarketin2018.

Untilthenexttime,BjörnWesterholm,CEOmyFC

myFC | Interim Report January – March 2017 | page 4

SignificanteventsduringthesecondquarterMyFCdevelopshybridplatformfortheglobaloperatorandpowerbankmarketanddebutsJAQHybridatMobileWorldCongressinShanghai.

MyFCdevelopsanewhybridplatformwithbothfuelcellandbattery.JAQHybridJAQHybridwillbethebaseofthecompany’sofferingtomobileoperatorsandpowerbankmanufacturers.ThehybridplatformreplacesthecurrentJAQproductinexistingagreementsandismyFC'smainproductplatformtowardtelecomoperators.Thefirstproductbasedontheplatform,JAQHybrid,madeitsinternationaldebutatMobileWorldCongressinShanghaiattheendofJune.JAQHybridcanbothcreateandstoreenergy,givingtheusercompleteflexibilityandmobility.ItcanbechargedusingmyFC'spatentedfuelcardswhichproducehydrogenusingsaltandwater,orinawallsocket,dependingonavailabilityandpreference.TheJAQHybriddeliversanoutletpowerof10.5watts,capacityof4,000mAhandweighsabout200grams.Eachfuelcarddelivers1,250mAh.Becausethechargercanstoreenergy,multipledevicescanbechargedbyrefillingwithmorefuelcards.A2,500mAhfuelcardisplannedinthesamestandardinterface.NewpatentsapprovedinEurope,IndiaandCanada.TheIndianPatentOffice(ControllerGeneralofPatents,DesignsandTradeMarks)hasgrantedoneofmyFC'skeypatents.ThepatentisrelevanttoallmyFCoperations,whetheritbesmartphones,powerbanksorelectriccars,andhaspreviouslybeenapprovedinSwitzerland,China,Germany,France,GreatBritain,Japan,SouthKorea,SwedenandtheUnitedStates.TheCanadianPatentOfficehasapprovedtheapplicationforoneofmyFC'spatents,whichcoversanimportantpartofthecontrolandself-regulationtechnologyofthecompany'sopen-endsolution,whichiscrucialforthefuelcell'slifespan.Finally,theEuropeanPatentOfficehasapprovedafurtherpatentapplicationformyFCregardingthedesignunderlyingtheuniquefuelcelltechnologyusedbymyFCinitsproductfamily,JAQ.MyFC'spatentportfolioforfuelcellsandfuelnowincludesmorethan80patentsandpatentapplications.MyFCdevelopsLaminaRangeExtenderforelectriccars,doublingitspotentialtargetmarket.

MyFCdoublesitspotentialtargetmarketwithanofferingaimedattheautomotiveindustry.Withintwelvemonths,myFCexpectstocommencetestsofahybridsolutionwiththepotentialtosolvetherangechallengeofelectricvehicles.TwotechnologicalbreakthroughsenablemyFC’sinitiative:itsfuelcellLamina,deliveringmorepoweratreducedvolumeandcost;anditshybridsolution,combiningthebestoffuelcelltechnologyandthebestofthebatteryworld.Thefocusoncoexistencebetweenfuelcelltechnologyandbatteriesmakesitpossibletorelievetheautomotiveindustryoftherangebarrier–howfaranelectriccarcanrunbetweencharges.Arangeextender(REX)basedonthefuelcellLaminaandanadjustedfuelfromtheJAQtechnologyhasthepotentialofdoublingthemileage.Developmentofaprototypebeginsin2017.Real-lifetestingisscheduledtotakeplacein2018.MyFCalsoplanstodeveloparecyclingstrategyfortheJAQfuelinvehicles.MyFCstrengthensfinancesforastrongerpositioninChina.

MyFCstrengthensitsfinancingthroughaloanofSEK12.2millionandcarriesoutanoffsetissueoftheentireamount.ThecapitalwillmainlybeusedtoexpandmyFC'sownershipinmyFCAsia,butalsoforbusinessdevelopment,sourcingandastrengthenedorganization.

myFC | Interim Report January – March 2017 | page 5

HandelsbankenFondernewmajorownerinmyFC;boardandstaffincreasetheirownershipsignificantly.

MyFCraisesSEK32.3millioninnewcapitalthroughatargetedissue.TwomillionsharesareboughtbyHandelsbankenFonder,makingthemthelargestownerofmyFC,andmorethan400,000sharesareboughtbytheboard,managementandemployees.ThenewcapitalwillbeusedprimarilyforthecontinueddevelopmentofmyFC'shybridplatform,thebackboneofitsupcomingJAQHybridproduct;andthedevelopmentofLaminaREX,aimedattheautomotiveindustry.

myFC | Interim Report January – March 2017 | page 6

Financialoverview

Netsalesandresults

1April–30JuneNetsalesduringtheperiod1April-30June2017amountedtoSEK21thousand(306).Thecompany'sproduct JAQ Hybrid is not yet ready for delivery. Sales relate to minor completion purchases of thecompany'spreviousproducts.

OperatingexpensesduringthequarterwereSEK10.4million(10.1).OperatingexpensesforthequarterincludedepreciationofSEK2.0M(2.0).

Thecompany'soperatingprofitforthesecondquarterof2017wasSEK-10.0million(-7.3).

NetfinancialitemsforthesecondquarteramountedtoSEK-0.4million(-0.1)

Cashflow,investmentsandfinancialposition

CashflowduringthesecondquarteramountedtoSEK-5.3million(9.7).Duringthequarter,anoffsetissuewasissuedwhichgeneratedanadditionalSEK12.2millionforthecompany.Aftertheendofthesecondquarter,thecompanycompletedadirectedshareissueresultinginanadditionalSEK32.3million.

TheBoardofDirectorscontinuouslyreviewsthecompany'sfinancialneedsandfinancialposition.Shouldtheneedforadditionalcapitalcontributionsarise,theBoardbelievesthecompanyisinagoodpositiontosecurefuturefinancing.

Cashflowfromoperatingactivitiesinthesecondquarterof2017wasnegativeandamountedtoSEK-6.7million(-4.7).

AttheendofJune2017,theGroup'sliquidassetsamountedtoSEK20.3M(17.0).

Intangibleassets

TheGroup'sintangibleassetsaredividedintothevariousdevelopmentprojectsthecompanyisworkingwithorhasworkedwith;aswellastheGroup'spatentportfolioofmorethan80patentsandpatentapplications,trademarksandknow-how.Thismayapply,forexample,tothedevelopmentoffuelcells,chargers,fuel,etc.

Equity

TheGroup'sequityamountedtoSEK104.4M(85.4)asof30June2017.TheequityratioamountedtoSEK89.6million(86.1)onJune30,2017.

Employees

Atthecloseoftheperiod,thecompanyhad12(14)employees.

Parentcompany

myFC | Interim Report January – March 2017 | page 7

myFCHoldingABistheGroup’sParentcompany.Thecompany’sGroupmanagementteamisemployedbymyFCHoldingABandtheParentcompany invoicesmyFCAB for thehours theGroupmanagementteamworksinmyFCAB.

Miscellaneous

Materialrisksanduncertaintyfactors

myFC’smaterialbusinessrisksprimarilyinvolvealltechnicalrisksthataffectfutureproductlaunches,theriskofbeingunabletoincreaseproductioncapacityquicklyenoughtosatisfymarketdemand,difficultyinattractingandretainingskilledemployees,capitalrisksandcurrencyriskstoalesserextent.AmoredetaileddescriptionofmaterialrisksanduncertaintyfactorscanbefoundinmyFC’sannualreport,publishedonmyFC’swebsite,www.myfc.se

Accountingprinciples

ThisinterimreporthasbeenpreparedinaccordancewiththeAnnualAccountsActandtheSwedishAccountingStandardsBoard’sgeneralregulationsBFNAR2012:1AnnualReportandConsolidatedFinancialStatements(K3).

Calendar

• October26,2017 InterimreportJanuary–September2017• February23,2018 Year-endreport2017• April27,2017 InterimreportJanuary–March2018• May31,2018 2018AnnualGeneralMeeting

Theinterimreporthasnotbeenreviewedbythecompany’sauditors.

Stockholm,July27,2017

BoardofDirectors

Forfurtherinformation,pleasecontact:

BjörnWesterholm,CEO UlfHenning,CFO+46706562007 +46705553554björn.westerholm@myfc.se ulf.henning@myfc.se

ThisinformationisinformationthatmyFCisobligedtomakepublicpursuanttotheEUMarketAbuseRegulation,theSwedishSecuritiesMarketActandtheSwedishFinancialInstrumentsTradingAct.Theinformationwassubmittedforpublication,throughtheagencyofthecontactpersonssetoutabove,onJuly28,2017at08.00amCET.

myFC | Interim Report January – March 2017 | page 8

Financialstatements

IncomestatementfortheGroupSEK000

Apr-June2017 Apr-June2016 Jan-June2017 Jan-June2016 Fullyear2016

Operatingincome Netsales 21 306 331 318 335

Workperformedbythecompanyforitsownuse 374 741 2383 2019 3447Otheroperatingincome 3 1721 17 1734 3490

Totaloperatingincome 399 2768 2731 4071 7272

Operatingexpenses Rawmaterials,consumablesandgoodsforresale

0 -221 -881 -228 -1014

Otherexternalexpenses -4164 -3867 -7952 -7546 -13651

Personnelcosts -4252 -3951 -8284 -8643 -15383Depreciation -2017 -2029 -4034 -4159 -8194Totaloperatingexpenses -10433 -10068 -21151 -20576 -38242

Operatingloss -10035 -7300 -18421 -16504 -30970

Profit/lossfromfinancialitems Netfinancialitems -363 -145 -514 -313 -509

Lossafterfinancialitems -10398 -7445 -18935 -16817 -31479

Tax - - - - -

Lossfortheperiod -10398 -7445 -18935 -16817 -31479

Earningspershare beforedilution(SEK) -0,37 -0,32 -0,68 -0,74 -1,33

afterdilution(SEK) na na na na na

Averagenumberofoutstandingsharesatthecloseofthereportperiodbefore

dilution(000) 27964 23196 27735 22873 23671

myFC | Interim Report January – March 2017 | page 9

BalancesheetfortheGroup

SEK000 June31,2017 June30,2016 Dec31,2016

Assets Fixedassets Intangiblefixedassets 87065 73547 76932

Property,plantandequipment 2037 3808 2927

Interestsinassociatedcompanies 55

Totalfixedassets 89157 77354 79859

Currentassets Inventories 134 1906 268

Accountsreceivable 55 55 63

Currenttaxassets 246 706 0

Prepaidexpensesandaccruedincome 916 745 982

Otherreceivables 5722 1529 2655

Cashandcashequivalents 20336 16970 8825

Totalcurrentassets 27408 21909 12793

Totalassets 116565 99263 92652

Equityandliabilities

Equity Sharecapital 1688 1359 1528

Othercapitalprovided 305345 251788 261469

Retainedearnings -183686 -150856 -150854

Lossfortheperiod -18935 -16817 -31479

Totalequity 104412 85474 80664

Non-currentliabilities Othernon-currentliabilities 370 1482 926

Totalnon-currentliabilities 370 1482 926

Currentliabilities Liabilitiestocreditinstitutions 1111 1111 1111

Bankoverdraftfacility 0 1699 5943

Accountspayable 6698 4333 822

Otherliabilities 714 1876 722

Accruedexpensesanddeferredincome 3260 3288 2464

myFC | Interim Report January – March 2017 | page 10

Totalcurrentliabilities 11782 12307 11062

Totalequityandliabilities 116565 99263 92652

Statementofchangesinconsolidatedequity

SEK000

Sharecapital Othercapitalprovided

Otherequityinclprofit/loss

fortheyear

Profit/lossfortheyear

Totalequity

2016-12-31 1528 261469 -150854 -31479 80664

DispositionacctoAGM -31479 31479 0

Newissue 15 4985 5000

Newissuethroughwarrents 81 24373 0 0 24454

Offissue 53 12189 0 0 12243

Issuecost 0 -508 0 0 -508

RedemptionofwarrantsinmyFCAB Non-cashissue 9 2837 -1353 0 1494

Profit/lossfortheperiod -18935 -18935

2017-06-30 1687 305346 -183686 -18935 104412

Consolidatedstatementofcashflows

SEK000

Apr-June2017 Apr-June2016 Jan-June2017 Jan-June2016 Fullyear2016

Cashflowfromcurrentoperationsbeforechangesinworkingcapital -8421 -5910 -15146 -13170 -23286

Cashflowfromchangesinworkingcapital 1753 1260 3806 37060 -8952

Cashflowfromcurrentoperations -6668 -4650 -11340 23890 -32238

Cashflowfrominvestingactivities -8802 -6960 -13332 -12865 -19403

Cashflowfromfinancingactivities 10135 21329 36183 1288 55809

Cashflowfortheperiod -5335 9720 11511 12313 4168

myFC | Interim Report January – March 2017 | page 11

Openingbalance,cashandcashequivalents 25672 7250 8825 4657 4657

Cashandcashequivalentsattheendoftheperiod 20336 16970 20336 16970 8825

Incomestatementforparentcompany

SEK000

Apr-June2017 Apr-June2016 Jan-June2017 Jan-June2016 Fullyear2016

Operatingincome Netsales 1795 1129 3261 2369 4601

Totaloperatingincome 1795 1129 3261 2369 4601

Operatingexpenses Externalcosts -944 -627 -1660 -1039 -2308

Personnelcosts -2300 -1615 -3962 -3879 -7053

Operatingprofit/loss -1450 -1113 -2361 -2549 -4760

Profit/lossfromfinancialitems Netfinancialitems -301 0 -301 0 -

Profit/lossafterfinancialitems -1751 -1113 -2662 -2549 -4760

Tax - - - - -

Profit/lossfortheperiod -1751 -1113 -2662 -2549 -4760

myFC | Interim Report January – March 2017 | page 12

BalancesheetfortheParentCompanySEK000

June31,2017 June30,2016 Dec31,2016

Assets Fixedassets Interestsinsubsidiaries 154936 126152 138484

Interestsinassociatedcompanies 54

Totalfixedassets 154991 126152 138484

Currentassets ReceivablesinGroupcompanies 85073 70200 72351

Otherreceivables 0 114 0

Prepaidexpensesandaccruedincome 84 0 629

Cashandcashequivalents 18240 13956 5314

Totalcurrentassets 103398 84270 78294

Totalassets 258388 210422 216778

Equityandliabilities

Equity Sharecapital 1688 1359 1528

Premiumreserve 265546 213459 223021

Retainedearnings -10308 -5548 -5548

Lossfortheperiod -2662 -2549 -4760

Totalequity 254263 206721 214241

Currentliabilities Accountspayable 1047 120 243

Otherliabilities 425 1830 522

Accruedexpensesanddeferredincome 2654 1751 1772

Totalcurrentliabilities 4125 3701 2537

Totalequityandliabilities 258388 210422 216778

myFC | Interim Report January – March 2017 | page 13

StatementofchangesinParentCompany'sequitySEK000 Sharecapital Othercapital

providedOtherequity,

includingprofit/lossfor

theyear

Profit/lossfortheyear

Totalequity

2016-12-31 1528 223021 -5548 -4760 214241

Transferoflastyear'sprofit/loss -4760 4760 0

Newissue 15 4985 5000

Newissuethroughwarrents 82 24374 24456

Offissue 53 12189 12243

Issuecosts -509 -509

RedemptionofwarrantsinmyFCAB Issuecosts 9 1485 1494

Lossfortheperiod -2662 -2662

2017-06-30 1687 265546 -10308 -2662 254263

Keyfigures

SEK000

Apr-June2017 Apr-June2016 Jan-June2017 Jan-June2016 Fullyear2016

Netsales,SEK000 21 306 331 303 335

Operatingmargin,% neg neg neg neg neg

Returnonequity,% neg neg neg neg neg

Equitypershare,SEK 3,7 3,7 3,7 3,7 3,4

Equityratio,% 89,6 86,1 89,6 86,1 87,1

Numberofemployeesatendofperiod 12 13 12 13 14

TheinformationinthisinterimreportisinformationthatmyFCAB(publ)isobligedtomakepublicpursuanttotheSwedishSecuritiesMarketAct.

AboutmyFCMyFC,aSwedishinnovationcompanyandmarketleaderinmicrofuelcells,developsgreenenergysolutions.ItsJAQHybridplatform,whichco-locatesfuelcellandbatterytochargesmartphonesandtablets,waslaunchedin2017.JAQ Hybrid is the company's third hydrogen-powered product following JAQ and PowerTrekk. It runs on thecompany'spatentedfuelconsistingofsalt,waterandreactants.MyFCwasfoundedin2005andispartofthegroupmyFCHolding AB.MyFCHoldingwas listed onNASDAQ | First North inMay 2014. Its head office is located inStockholmandthecompany'sCertifiedAdvisorisAvanzaBank.Formoreinformation,visitwww.myfcpower.com