NEWS

Vow Green Metals AS ("Vow Green Metals" or the "Company") has today published its Annual Report 2023, which includes consolidated accounts for the Company and the independent auditor's report.

In her letter to the shareholders and stakeholders of the Company, Vow Green Metals' Chief Executive Officer, Cecilie Jonassen, writes:

"We expect to build new production plants with a capacity of 200,000 tons of biocarbon by 2028 and exceeding the 500,000 tons mark within 2030. The industrial and commercial foundations for a new green industry are in place, opening for large green investment opportunities. We are currently inviting partners to further support our growth trajectory and ensure speed and scale realizing large-scale projects with double-digit IRR and tremendous effect on climate."

The report is available on: Annual Report 2023

For further information, please contact: Mathias Nilsen Reierth, Director of Corporate Affairs and Commercial, Vow Green Metals AS. Tel: + 47 988 05 724 Email: mathias.reierth@vowgreenmetals.com

About Vow Green Metals Vow Green Metals' strategy is to be a leading producer of biocarbon and other carbon neutral products that enables 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.