NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, INTO OR WITHIN AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND AND
SOUTH AFRICA, OR ANY JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL.

Reference is made to the stock exchange announcement dated 27 June 2025
regarding completion of the unregulated recommended voluntary cash to acquire
all issued and outstanding shares in Vow Green Metals AS (the "Company") except
for shares owned by the Rollover Shareholders (as defined in the offer document
dated 19 May 2025 (the "Offer Document") by Midas Industri AS (the "Offeror") at
NOK 0.95 per share, as further set out in the Offer Document (the "Offer").
Following settlement of the Offer, the Offeror holds 185,546,524 shares in the
Company, representing approximately 91.49% of the issued and outstanding share
capital and voting rights in the Company.

The board of directors of the Offeror has, effective from after close of trading
on Euronext Growth Oslo today, 27 June 2025, resolved to carry out a compulsory
acquisition of all remaining shares in the Company not owned by the Offeror
pursuant to section 4-26 of the Norwegian Private Limited Liability Companies
Act. As a consequence, the Offeror has assumed ownership of all shares in the
Company. The offered redemption price in the compulsory acquisition is NOK 0.95
per Share, equal to the offer price in the Offer (the "Redemption Price").

Payment of the Redemption Price is expected to be made on or about 2 July 2025,
and a notice regarding the compulsory acquisition will be sent to all former
shareholders subject to the compulsory acquisition whose addresses are known. In
addition, the compulsory acquisition will be announced through the electronic
notice service of the Norwegian Register of Business Enterprises (Nw.:
Brønnøysundregistrene). 

Any objections to, or rejections of, the Redemption Price must be made at the
latest by 23:59 (CET) on 2 September 2025. Former shareholders in the Company
who do not object to, or reject, the Redemption Price within this deadline will
be deemed to have accepted the Redemption Price. 

As a consequence of the compulsory acquisition, the Offeror will pursue a
delisting of the Company's shares from Euronext Growth Oslo. A separate stock
exchange announcement will be published regarding such delisting. 

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 section
5-12 of the Norwegian Securities Trading Act.