Vow Green Metals AS

Board/Management Information • May 21, 2024

Nomination committee recommends additional board member

Nomination committee recommends additional board member

With reference to notice of annual general meeting published on May 8th, 2024, Vow Green Metals, a leading developer of production facilities for biocarbon and other carbon-neutral products, hereby provides an update to the nomination committee recommendations.

The nomination committee has decided to recommend Geir Kulås, Senior Vice President of Production and Energy management at Skagerak Energi, as an additional board member in Vow Green Metals. The number of board members will then increase from four to five.

Skagerak Energi is a leading regional energy company, owned by Statkraft and regional municipalities in Vestfold and Telemark County. In addition to his current role at Skagerak Energi, Kulås brings extensive industrial experience from various management positions in Norsk Hydro, including head of magnesium production.

The nomination committee also recommends electing Robert Olsen, CEO of Vardar, a producer of renewable energy and investor in renewable industry solutions, as an additional member of the Vow Green Metals nomination committee.

Today, on the 21st of May, Vow Green Metals announced that Skagerak Energi and Vardar will invest a total of NOK 70 million in Vow Green Metals. (See release here https://newsweb.oslobors.no/message/619293).

The updated recommendation from the nomination committee is available on https://www.vowgreenmetals.com/investors/general-meetings.

For further information, please contact:

Cecilie Jonassen, CEO, Vow Green Metals AS

Tel: +47 954 20 126

Email: cecilie.jonassen@vowgreenmetals.com

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.