Vow Green Metals, a leading developer of production facilities for biocarbon and
other carbon-neutral products, has secured leasing financing for the production
equipment included in the "Early Production Line" at Hønefoss. With its
production capacity of 2,500 tons of biocarbon p.a., this facility will
accelerate Vow Green Metals' commercial operations by enabling the company to
deliver industrial volumes of biocarbon to established partners and provide
product samples to mature new market segments and relationships with industrial
offtakers.

The leasing financing is with SpareBank 1 SR-Bank and totals NOK 37.4 mill,
excluding VAT. This secures financing for the entire production equipment for
the facility. 

"We are very happy to have SpareBank 1 SR-Bank as a financing partner for Early
Production Line. With this, we are now able to qualify our products to several
industry verticals beyond the metallurgical verticals Ferrosilicon and Silicon",
says Cecilie Jonassen, CEO of Vow Green Metals. 

In November 2023, the first biocarbon was successfully produced from this
facility and Vow Green Metals is currently in the process of ramping-up
production. The early production line employs a Biogreen pyrolysis reactor,
which is identical to the equipment which will be installed in Phase 1 of the
large-scale Hønefoss project. The large-scale facility will become one of
Europe's largest, with its 20,000 tons production capacity and abatement
potential of 100,000 tons of fossil CO2 p.a.


ENDS 

For further information, please contact: 
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.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.