Potential for increasing capacity at Vow Green Metals AS' biocarbon factory on
the Follum site 

Since Vow Green Metals on November 4, 2021, announced its plans to build
Europe's largest BioCarbon production plant at Follum, other companies have
signaled interest to becoming part of this larger industrial complex.

Most recently in March 2022, Billerud Korsnäs, a leading provider of sustainable
packaging, and Viken Skog, a large cooperative in the Norwegian forest industry
announced that they have formed a joint venture, with the aim of establishing a
bleached chemi-thermomechanical pulp (BCTMP) production plant at the site.

Vow Green Metals consider this to be an opportunity to at least double the
production capacity of its biocarbon factory to match the potential increased
demand from the Billerud Korsnäs and Viken Skog joint venture, as well as severe
more customers in their efforts to decarbonise secure an energy efficient set up
at the site significantly improve economy of scale.

Further discussion with potential partners, studies, and analysis of what this
could mean for the exact location, layout and construction schedule for Vow
Green Metals' plant will start immediately. This could impact the overall
project, and result in a more efficient plant.


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.