Kyoto Group AS

Share Issue/Capital Change • Jan 20, 2023

Kyoto Group AS: New share capital registered

Kyoto Group AS: New share capital registered

Oslo, Norway, 20 January 2023.

Reference is made to the stock exchange announcement by Kyoto Group AS (the

"Company") on 18 January 2023, regarding the extraordinary general meetings

approval of the share capital increase related to the private placement that was

successfully placed on 10 January 2023. The share capital increase pertaining to

the issuance of the 3,428,571 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 355,473.93 divided

into 11,849,131 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).