Kyoto Group AS - Registration of share capital increase

Oslo, Norway, 25 March 2024 - Reference is made to the stock exchange
announcement by Kyoto Group AS (the "Company") on 15 March regarding the
successfully completed directed share issue. The share capital increase
pertaining to the issuance of the 2,297,187 new shares has today been registered
with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret).

Following this, the Company's registered share capital is NOK 567,144.38 divided
into 18,908,146 ?shares, each with a nominal value of NOK 0.03.

For further information, please contact:

HÃ¥vard Haukdal, Kyoto Group CFO
havard.haukdal@kyotogroup.no
+47 48 10 65 69

About Kyoto Group

Heat accounts for two thirds of industrial energy consumption. Traditionally,
nearly all of it is based on fossil fuels. Kyoto Group's Heatcube, a thermal
energy storage (TES) solution, provides a sustainable and cost-effective
alternative by capturing and storing abundant but variable energy from sources
such as solar and wind. Founded in 2016, Kyoto Group is headquartered in Oslo,
Norway, and has subsidiaries in Spain and Denmark. The Kyoto share is listed on
Euronext Growth (ticker: KYOTO). Visit us at http://www.kyotogroup.no and follow
us on LinkedIn (https://www.linkedin.com/company/kyoto-group-as/)