Kyoto - Notice of extraordinary general meeting

11 Jan 2023 14:35 CET

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, havard.haukdal@kyotogroup.no,
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

havard.haukdal@kyotogroup.no

+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).

More information:
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579985_Kyoto_Notice_of_EGM_PDF.pdf