VOW GREEN METALS Reference is made to the announcement made on16 October 2023 regarding the completion of the demerger and transfer of Vow Green Metals' Follum business into a wholly owned subsidiary of Vow Green Metals, VGM Hjelpeselskap AS. The merger of VGM Hjelpeselskap AS with VGM Operatør AS has now been registered as completed in theNorwegian Register ofBusiness Enterprises , completing the drop-down demerger plan (the "Drop-down"). As a result of the completion of the merger, the share capital ofVow Green Metals AS is increased trough increase in the nominal value of each share. The new share capital of Vow Green Metals isNOK 1.073.976,098 , divided by 165.227.092 shares. The number and nominal value of the shares in Vow Green Metals thus remains unchanged as before the completion of the Drop-down. For further information, please contact:Cecilie Jonassen , CEO,Vow Green Metals AS Tel: +47 954 20 126 Email: cecilie.jonassen@vowgreenmetals.comPeder Poulsson , Director Finance and Project Controlling,Vow Green Metals AS Tel: +47 950 26 311 Email: peder.poulsson@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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