Vow Green Metals AS

Share Issue/Capital Change • Jun 17, 2024

Vow Green Metals AS: New share capital registered

Vow Green Metals AS: New share capital registered

Reference is made to the stock exchange announcement from Vow Green Metals AS (“Vow Green Metals” or the “Company”) on 5 June 2024 regarding the board of directors of the Company resolving to issue 37,573,805 new shares in connection with a NOK 70 million equity investment by Vardar AS and Skagerak Energipartner AS, as further detailed in the announcement.

The share capital increase pertaining to the issue of the new shares has today been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). Following such registration, the Company's new share capital is NOK 1,318,205.8305 divided into 202,800,897 shares, each having a par value of NOK 0.0065.

For more information, please contact:

Jan Halvard Aas Møller, CFO, Vow Green Metals AS

Tel: + 47 901 15 375

Email: jan.moller@vowgreenmetals.com

About Vow Green Metals

Vow Green Metals’ strategy is to be a leading producer of biocarbon and other carbon-neutral products that enable the green transition in hard-to-abate industries. We are on a mission to accelerate the world’s transition to renewable materials by offering green alternatives to replace fossil reduction agents in the metallurgical industry. The core of our business is to build, own and operate biocarbon production plants using state-of-the-art pyrolysis technology to turn biomass and biomass waste-streams into our core product, biocarbon. Our biocarbon production process also creates other valuable products like bio-oil and bioenergy. With our standardized solutions, unique access to proprietary technology, and a growing global pipeline of projects, we are upholding our first-mover position in a growing market where speed and scale will be determining factors. Vow Green Metals is building a new biocarbon industry on the shoulders of its main owner and technology partner, Vow ASA, which provides access to competence and capabilities acquired through decades of industrial innovation.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.