Kyoto Group AS

AGM Information • Jan 18, 2023

Kyoto Group AS: Minutes from extraordinary general meeting

Kyoto Group AS: Minutes from extraordinary general meeting

Oslo, Norway, 18 January 2023.

An extraordinary general meeting of Kyoto Group AS (the "Company") was held

today, 18 January 2023 at 15:00 CET.

The general meeting approved all the proposals on the agenda in line with the

notice dated 11 January 2023, including (i) the share capital increase

pertaining to the private placement of new shares that was successfully placed

on 10 January 2023 and (ii) the board's proposal to authorise the board to

increase the share capital in connection with the potential subsequent offering.

The minutes from the general meeting are attached to this announcement and will

be made available on the Company's website: www.kyotogroup.no.

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).