Reference is made to the announcement regarding the proposed drop-down demerger
on 30 June 2023.
  
The Extraordinary General Meeting of Vow Green Metals AS has today approved the
proposed drop-down demerger plan (the "Drop-down") whereby a part of VGM's
business (the "Follum Business") is transferred to a separate, wholly owned
subsidiary. The complete minutes are enclosed and available on the Vow Green
Metals' website (www.vowgreenmetals.com/investors/general-meetings).

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


For more information, please contact: 
Peder Poulsson, Finance Manager, Vow Green Metals AS 
Tel: +47 950 26 311 
Email: peder.poulsson@vowgreenmetals.com 

About Vow Green Metals 
Vow Green Metals' strategy is to be a leading producer of biocarbon and other
carbon neutral products that enables 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.