Kyoto Group AS: Minutes from extraordinary general meeting

Oslo, Norway, 18 January 2023.

An extraordinary general meeting of Kyoto Group AS (the "Company") was held today, 18 January 2023 at 15:00 CET.

The general meeting approved all the proposals on the agenda in line with the notice dated 11 January 2023, including (i) the share capital increase pertaining to the private placement of new shares that was successfully placed on 10 January 2023 and (ii) the board's proposal to authorise the board to increase the share capital in connection with the potential subsequent offering.

The minutes from the general meeting are attached to this announcement and will be made available on the Company's website: www.kyotogroup.no.

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 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).