Kyoto Group AS: Notification of trade by primary insiders and their close associates

Oslo, Norway, 1 July 2024 - Reference is made to the stock exchange announcement on 27 June 2024 regarding the completed offer period for the offer by GF I Kiln HoldCo AS (the "Offeror") for all issued and outstanding shares (the "Shares") in Kyoto Group AS (the "Company"), and further to the announcement published on 28 June 2024 where the annual general meeting approved the investment made by the Offeror. The following persons discharging managerial responsibilities in the Company and their close associates have accepted the Offer for or agreed to contribute its shares in the Company, as further specified below: · Spirax-Sarco Group plc, a legal person closely associated with the board member Christopher Molnar, has pursuant to the roll-over agreement entered into on 13 June 2024, agreed to contribute a total of 3,568,855 Shares to the Offeror. · Inversiones Financieras Perseo, S.L., a legal person closely associated with the board member Oscar Cantalejo Sánchez, has pursuant to the roll-over agreement entered into on 13 June 2024, agreed to contribute a total of 3,142,886 Shares to the Offeror. · Valinor AS, a legal person closely associated with the board member Pål Selboe Valseth, has accepted the Offer for 1,208,600 Shares. · Mocca Invest AS, a legal person closely associated with the chair of the board Eivind Reiten, has accepted the Offer for 9,040 Shares. · Curae Invest AS, a legal person closely associated with the Chief Executive Officer Camilla Nilsson, has accepted the Offer for 50,000 Shares. · Tim De Haas, the Chief Commercial Officer has accepted the Offer for 30,714 Shares. · Agnieszka Sledz, the Chief Product Officer, has accepted the Offer for 42,142 Shares. · Bjarke Buchbjerg, the Chief Technology Officer, has accepted the Offer for 26,428 Shares. · Henrik Holck-Clausen, the Chief People and Culture Officer, has accepted the Offer for 29,285 Shares. · David Måhede, the Head of Business Excellence and Digitalization, has accepted the Offer for 4,450 Shares. Please see the notification forms for the above-mentioned transactions attached to this release. For more information, please contact: Håvard 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). www.kyotogroup.no