Vow Green Metals AS

New possible location on the Follum site
 
With reference to the Company's stock market announcement dated 22 March 2022,
Vow Green Metals AS (the "Company") together with other parties at Treklyngen's
Industripark, the industrial park at Follum, Norway, has identified a new
location which is well suited for Vow Green Metals AS' biocarbon factory.

The new location "Renseritomten", which is also located at the park, will fit in
well with other existing businesses and activities at the location. In addition,
it may allow for use of existing buildings and a logistic infrastructure that
provides good flexibility for operations, and future expansion.

"Circularity and emission reduction are core values for Vow Green Metals AS. By
reusing existing buildings and logistics infrastructure we achieve both, and at
the same time achieve flexibility and possible cost benefits compared to the
location that was originally intended for our plant, said Cecilie Jonassen, CEO
of Vow Green Metals AS.

Further site investigation and necessary reengineering of the plant will start
immediately to confirm cost and schedule.

For more information, please contact

Cecilie Jonassen, CEO, Vow Green Metals AS
Tel: + 47 954 20 126
Email: cecilie.jonassen@vowgreenmetals.com

About Vow Green Metals
Vow Green Metals AS builds, owns, and operates plants that produce high value
biocarbon for the metallurgical industry.

In order to decarbonise the metallurgical industry, there is a growing global
interest in large scale pyrolysis plants, motivated by both environmentally
friendly treatment methods for waste and for the production of biocarbon.
Vow Green Metals AS aims to provide solutions for the metallurgical industry and
to meet the growing demand for industry decarbonising.

This information is subject to the disclosure requirements pursuant to the
Continuing Obligations for Issuers of Shares in accordance with Oslo Rule Book
II - Issuer Rules.