Kyoto Group AS

Share Issue/Capital Change • Feb 22, 2023

Kyoto Group AS: New share capital registered

Kyoto Group AS: New share capital registered

Oslo, 22 February 2023: Reference is made to the stock exchange announcement by

Kyoto Group AS (the "Company") on 14 February 2023 regarding the final result of

the subsequent offering, where the board of directors of the Company resolved to

issue 141,182 new shares. The share capital increase pertaining to the issuance

of the 141,182 new shares has today been registered with the Norwegian Register

of Business Enterprises (Nw. Foretaksregisteret).

Following this, the Company's registered share capital is NOK 359,709.39 divided

into 11,990,313 shares, each with a nominal value of NOK 0.03.

For further information, please contact:

Håvard Haukdal, Kyoto Group CFO

havard.haukdal@kyotogroup.no

+47 48 10 65 69

About Kyoto Group

Heat accounts for half 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). More information on www.kyotogroup.no