Kyoto Group AS

Kyoto Group AS - Minutes from the annual general meeting held on 28 June 2024

Oslo, Norway 28 June 2024. Reference is made to the stock exchange announcement

made by Kyoto Group AS ("Kyoto" or the "Company") on 14 June 2024 where the

Company convened the annual general meeting. The annual general meeting was held

today, and the Company is pleased to announce that the general meeting adopted

all the proposed resolutions with the requisite majority, including the share

capital increase in connection with the investment made by GF I Kiln HoldCo AS

as part of the transaction announced on 14 June 2024.

The minutes from the general meeting are attached to this announcement and will

be made available on the Company's website: www.kyotogroup.no.

For further information, please contact:

Håvard Haukdal, Kyoto Group CFO

+47 48 10 65 69

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

About Kyoto Group

Heat accounts for two thirds of industrial energy consumption. Traditionally,

nearly all of it is based on fossil fuels. Kyoto Group's Heatcube, a thermal

energy storage (TES) solution, provides a sustainable and cost-effective

alternative by capturing and storing abundant but variable energy from sources

such as solar and wind. Founded in 2016, Kyoto Group is headquartered in Oslo,

Norway, and has subsidiaries in Spain and Denmark. The Kyoto share is listed on

Euronext Growth (ticker: KYOTO). www.kyotogroup.no

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