With reference to notice of annual general meeting published on May 8th, 2024,
Vow Green Metals, a leading developer of production facilities for biocarbon and
other carbon-neutral products, hereby provides an update to the nomination
committee recommendations.

The nomination committee has decided to recommend Geir Kulås, Senior Vice
President of Production and Energy management at Skagerak Energi, as an
additional board member in Vow Green Metals. The number of board members will
then increase from four to five.

Skagerak Energi is a leading regional energy company, owned by Statkraft and
regional municipalities in Vestfold and Telemark County. In addition to his
current role at Skagerak Energi, Kulås brings extensive industrial experience
from various management positions in Norsk Hydro, including head of magnesium
production. 

The nomination committee also recommends electing Robert Olsen, CEO of Vardar, a
producer of renewable energy and investor in renewable industry solutions, as an
additional member of the Vow Green Metals nomination committee. 

Today, on the 21st of May, Vow Green Metals announced that Skagerak Energi and
Vardar will invest a total of NOK 70 million in Vow Green Metals. (See release
here https://newsweb.oslobors.no/message/619293).

The updated recommendation from the nomination committee is available on
https://www.vowgreenmetals.com/investors/general-meetings.

For further information, please contact: 

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

Jan Halvard Aas Møller, CFO, Vow Green Metals AS
Tel: + 47 901 15 375 
Email: 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 main owner and technology partner, Vow ASA,
which provides access to competence and capabilities acquired through decades of
industrial innovation.