Kyoto Group AS - Registration of share capital increase

02 Jul 2024 12:36 CEST

Oslo, Norway 2 July 2024 - Reference is made to the stock exchange announcement
by Kyoto Group AS (the "Company") on 28 June 2024 regarding the general
meeting's approval of the investment by GF I Kiln HoldCo AS ("BidCo") as part of
the transaction announced 14 June 2024. The share capital increase pertaining to
the issuance of the 16 867 647 new shares to BidCo has today been registered
with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret).

Following this, the Company's registered share capital is NOK 1 073273,79
divided into 35775793 shares, each with a nominal value of NOK 0.03.

For further information, please contact:

Håvard Haukdal, Kyoto Group CFO

havard.haukdal@kyotogroup.no

+47 48 10 65 69

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). http://www.kyotogroup.no

More information:
Access the news on Oslo Bors NewsWeb site

622944_2024_07_02_Kyoto_Group_AS_Stock_Exchange_Notice_Share_capital_increase_registered_.pdf