Reference is made to today's announcement regarding the proposed drop-down
demerger.
 
Vow Green Metals AS ("VGM") calls for an Extraordinary General Meeting on Friday
7 July at 15:00 CEST. The Board proposes that the Extraordinary General Meeting
approves 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 meeting notice is enclosed. Relevant demerger-merger
documents will be made 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.