Kyoto Group AS

Kyoto Group AS: Notification of trade by primary insiders and their close associates

Oslo, Norway, 15 March 2024 - Reference is made to the stock exchange

announcement by Kyoto Group AS (the "Company") published on 15 March 2024

regarding the issue of new shares in the Company at a price per share of NOK

17.00, raising gross proceeds of approximately NOK 39 million (the "Directed

Share Issue").

The following persons discharging managerial responsibilities and their close

associates were allocated shares in the Directed Share Issue:

· Spirax-Sarco Engineering plc, a close associate of the board member

Christopher Molnar, was allocated a total of 1,079,275 shares.

· Inversiones Financieras Perseo, S.L., a close associate of the board member

Oscar Cantalejo Sánchez, was allocated a total of 1,011,820 shares.

Please see the notification forms for the above-mentioned transactions attached

to this release.

For more information, please contact:

Håvard Haukdal, Kyoto Group CFO

+47 48 10 65 69

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). Visit us at http://www.kyotogroup.no and follow

us on LinkedIn (https://www.linkedin.com/company/kyoto-group-as/)

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