Vow Green Metals AS

Share Issue/Capital Change • Sep 22, 2021

Vow Green Metals AS – Employee stock options exercised

Vow Green Metals AS – Employee stock options exercised

Vow Green Metals AS – Employee stock options exercised

Oslo, 22 September 2021

Yesterday, 21 September 2021, 446 665 employee stock options were exercised at NOK 1.16 per share and 20 000 employee options were exercised at NOK 2.05 per share. In total 466 665 options were exercised in accordance with the outstanding employee stock option program adopted at the AGM in 2019 and as amended in relation to the demerger completed in July 2021.

The board of directors of Vow Green Metals AS will use its proxy to issue 466 665 new shares to the option holders, as settlement of options exercised.

Following the issuance of new shares, the issued share capital of Vow Green Metals AS will be NOK 1 071 799.43 consisting of 164 893 759 fully paid shares, each with a par value of NOK 0.0065.

For more information, please contact:

Lars Mårdalen, CFO, Vow Green Metals AS

Tel: +47 91 10 77 02

Email: lars.mardalen@vowgreenmetals.com

About Vow Green Metals AS

Vow Green Metals AS build, own, and operate plants that produce high value biocarbon for the metallurgical industry. In order to decarbonise the metallurgical industry, there is a growing global interest in large scale pyrolysis plants, motivated by both environmentally friendly treatment methods for waste and for the production of biocarbon. Vow Green Metals AS aims to provide solutions for the metallurgical industry and to meet the growing demand for industry decarbonising.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.