Kyoto Group AS

Kyoto Group AS: Key information relating to the subsequent offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR

INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES

OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION

WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE

SECURITIES DESCRIBED HEREIN.

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

(the "Company") on 10 January 2023 regarding the successfully placed private

placement in the Company in order to raise gross proceeds of NOK 60 million (the

"Private Placement"), as well as a potential subsequent offering of up to

500,000 new shares at a subscription price per share of NOK 17.50, which is

equal to the subscription price in the Private Placement (the "Subsequent

Offering").

Date on which the terms and conditions of the subsequent offering were

announced: 10 January 2023

Last day including right: 10 January 2023

Ex-date: 11 January 2023

Record date: 12 January 2023

Date of approval: 18 January 2023

Maximum number of new shares: 500,000

Subscription price: NOK 17.50

Other information:

The Subsequent Offering is conditional on, inter alia, an extraordinary general

meeting in the Company, to be held on 18 November 2023, approving (i) the

issuance of new shares in the Private Placement, and (ii) granting the Company's

board of directors an authorization to increase the Company's share capital in

connection with the Subsequent Offering.

This information is published in accordance with the requirements of the

Continuing Obligations.

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).

AI Terminal