Kyoto Group AS: Key information relating to the subsequent offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange announcement published by Kyoto Group AS (the "Company") on 10 January 2023 regarding the successfully placed private placement in the Company in order to raise gross proceeds of NOK 60 million (the "Private Placement"), as well as a potential subsequent offering of up to 500,000 new shares at a subscription price per share of NOK 17.50, which is equal to the subscription price in the Private Placement (the "Subsequent Offering").

Date on which the terms and conditions of the subsequent offering were announced: 10 January 2023

Last day including right: 10 January 2023

Ex-date: 11 January 2023

Record date: 12 January 2023

Date of approval: 18 January 2023

Maximum number of new shares: 500,000

Subscription price: NOK 17.50

Other information:

The Subsequent Offering is conditional on, inter alia, an extraordinary general meeting in the Company, to be held on 18 November 2023, approving (i) the issuance of new shares in the Private Placement, and (ii) granting the Company's board of directors an authorization to increase the Company's share capital in connection with the Subsequent Offering.

This information is published in accordance with the requirements of the Continuing Obligations.