Reference is made to the stock exchange announcement from Vow Green Metals AS
("Vow Green Metals" or the "Company") on 5 June 2024 regarding the board of
directors of the Company resolving to issue 37,573,805 new shares in connection
with a NOK 70 million equity investment by Vardar AS and Skagerak Energipartner
AS, as further detailed in the announcement. 

The share capital increase pertaining to the issue of the new shares has today
been registered with the Norwegian Register of Business Enterprises (Nw.
Foretaksregisteret). Following such registration, the Company's new share
capital is NOK 1,318,205.8305 divided into 202,800,897 shares, each having a par
value of NOK 0.0065.

For more information, please contact:
Jan Halvard Aas Møller, CFO, Vow Green Metals AS
Tel: + 47 901 15 375 
Email: jan.moller@vowgreenmetals.com


About Vow Green Metals 
Vow Green Metals' strategy is to be a leading producer of biocarbon and other
carbon-neutral products that enable the green transition in hard-to-abate
industries. We are on a mission to accelerate the world's transition to
renewable materials by offering green alternatives to replace fossil reduction
agents in the metallurgical industry. The core of our business is to build, own
and operate biocarbon production plants using state-of-the-art pyrolysis
technology to turn biomass and biomass waste-streams into our core product,
biocarbon. Our biocarbon production process also creates other valuable products
like bio-oil and bioenergy. With our standardized solutions, unique access to
proprietary technology, and a growing global pipeline of projects, we are
upholding our first-mover position in a growing market where speed and scale
will be determining factors. Vow Green Metals is building a new biocarbon
industry on the shoulders of its main owner and technology partner, Vow ASA,
which provides access to competence and capabilities acquired through decades of
industrial innovation.

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

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