Reference is made to the stock exchange announcement on 17 June 2025 regarding
the satisfaction of the minimum acceptance condition for the unregulated
recommended voluntary cash offer to acquire all shares in Vow Green Metals AS
(the "Company") at an offer price of NOK 0.95 per share (the "Offer").
The following persons discharging managerial responsibilities in the Company and
their close associates have accepted the Offer for its shares in the Company, as
further specified below:
R Investment Company AS, a legal person closely associated with the chairperson
of the board of directors, Narve Reiten, has accepted the Offer for 22,849,307
shares.
Kari Stine Tærum, member of the board of directors, has accepted the Offer for
179,000 shares.
Please see the notification forms for the above-mentioned transactions attached
to this release.
Contacts
For further information, please contact:
Cecilie Jonassen, CEO, Vow Green Metals AS, + 47 954 20 126,
cecilie.jonassen@vowgreenmetals.com
Jan Halvard Aas Møller, CFO, Vow Green Metals AS, + 47 901 15 375,
jan.moller@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 largest shareholder and technology partner, Vow
ASA, which provides access to competence and capabilities acquired through
decades of industrial innovation. Read more: www.vowgreenmetals.com
This information is subject to the disclosure requirements pursuant to article
19 of the EU Market Abuse Regulation and sections 4-2 and 5-12 of the Norwegian
Securities Trading Act