Kyoto Group AS

Kyoto - Notice of extraordinary general meeting

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

(the "Company" or "Kyoto") (Euronext Growth: KYOTO) on 10 January 2023 regarding

the successfully placed private placement of 3,428,571 new shares in the Company

at a subscription price of NOK 17.50, raising NOK 60 million in gross proceeds

(the "Private Placement"), and a proposed subsequent share offering of up to

500,000 new shares at a price per share of NOK 17.50 (the "Subsequent

Offering").

The Company's board of directors (the "Board") hereby calls for an extraordinary

general meeting to be held on 18 January 2023 at 15.00 CET in order to approve

(i) the share capital increase pertaining to the Private Placement and (ii) the

Board's proposal to authorise the Board to increase the share capital in

connection with the contemplated Subsequent Offering.

The extraordinary general meeting will be held at the Company's office at

Fornebuveien 1, 1366 Lysaker, Norway. Shareholders may also participate

electronically via Teams. To receive a Teams invite for the extraordinary

general meeting, please contact Håvard Haukdal, [email protected],

before 17 January 2023 at 16.00 at the latest.

The notice for the extraordinary general meeting, including the Board's proposed

resolutions, the notice of attendance and proxy forms, are attached to this

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

Shareholders may appoint a proxy to attend and vote on their behalf. In this

case, a written and dated proxy must be provided to CFO Håvard Haukdal before 17

January 2023 at 16.00 CET, in order for the Company to control the proxy against

the Company's shareholder register.

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

For more information, please contact:

Håvard Haukdal, Kyoto Group CFO

+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).

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