Shares purchase as part of the incentive program for key personnel

21 Mar 2023 16:16 CET

Asker, Norway, 21 March 2023
Cambi ASA has established a share-based incentive program (“Restricted Share
Unit Plan”, RSUP) for key personnel to encourage employees to maintain a deep,
long-term engagement in the company by further aligning the employees' interests
with those of other shareholders. The RSUP also enhances Cambi’s ability to
attract and retain employees.

On 21 March 2023, the purchase of Restricted Share Units (“RSUs”) by key
personnel in Cambi ASA was recorded as follows:

+-----------------------+-------------------+------------------+
|Key personnel |RSUs purchased |New share holdings|
| | | |
+-----------------------+-------------------+------------------+
|Mats Tristan Tjemsland,| 100,000 | 300,000 |
|Chief Financial Officer| | |
|(PI) Primary Insider | | |
+-----------------------+-------------------+------------------+

The purchased RSUs will vest on the following deadlines:
• For 1/3 of the shares on 12 January 2025.
• For 1/3 of the shares on 12 January 2026.
• For 1/3 of the shares on 12 January 2027.

The RSUs were purchased from Cambi at a price per share of NOK 6.04, determined
based on the volume-weighted average listed price of CAMBI shares during the
five-day period ending on 20 March 2023, less a 20% discount to cater for
value-reducing terms associated with the RSUs (including a vesting period).

On 20 December 2022, the Cambi ASA Extraordinary General Meeting (EGM) passed a
resolution authorising the Board of Directors to provide financial assistance
through loans to the employees in connection with the RSU purchases. The total
loan amount granted from Cambi under the RSPU is NOK 7,537,745.

Following the purchase of 100,000 RSUs by key personnel, Cambi ASA owns 5,608 of
its own shares.

This information is subject to the disclosure requirements pursuant to Article
19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian
Securities Trading Act.

For more information, please contact:
• Eirik Fadnes, CEO, +47 907 20 014, eirik.fadnes@cambi.com
• Mats Tristan Tjemsland, CFO, +47 920 67 094, mats.tjemsland@cambi.com

About Cambi:
Cambi is a global biogas technology and solutions supplier for wastewater
treatment plants and anaerobic digestion facilities. Since 1992, Cambi has
retained market leadership through continuous innovation and a robust portfolio
of proven and patented technologies. With strong project delivery and customer
support capabilities, the company has delivered many well-performing
installations in 26 countries on six continents.
Cambi’s thermal hydrolysis process increases renewable energy output, reduces
operational costs, and minimises greenhouse gas emissions. It is suitable for
all biosolids outlets, including land application and thermal processes such as
drying, pyrolysis, and incineration. Thermal hydrolysis is compatible with all
sludge and waste treatment regulations and easy to integrate at new and existing
anaerobic digestion sites.
Cambi is listed on Euronext Growth Oslo, a multilateral trading facility part of
Euronext, the largest stock exchange platform in Europe. Find out more at
cambi.com.

More information:
Access the news on Oslo Bors NewsWeb site

585815_2023.03.21 - PDMR notification - Cambi ASA - Mats Tristan Tjemsland.pdf
585815_2023.03.21 - Press Release - Shares purchase as part of the incentive program for key personnel.pdf