Kyoto Group AS

AGM Information • Jun 30, 2023

Kyoto Group AS - Minutes from the annual general meeting held on 30 June 2023

Kyoto Group AS - Minutes from the annual general meeting held on 30 June 2023

Oslo, Norway 30 June 2023 - Reference is made to the stock exchange

announcements made by Kyoto Group AS (the "Company") on 22 June 2023 regarding

the signing of a strategic investment agreement with Iberdrola and Spirax-Sarco

Engineering and the notice of the Company's annual general meeting.

The Company is pleased to announce that the general meeting adopted all the

proposed resolutions with the requisite majority. Consequently, the Company is

pleased to officially welcome Iberdrola and Spirax-Sarco Engineering as new

shareholders.

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

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

-12 of the Norwegian Securities Trading Act.

About Kyoto Group

Heat accounts for two thirds 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).