AGILYX ASA – FIXED INCOME INVESTOR MEETINGS

11 Nov 2024 08:00 CET

Oslo, 11 November 2024: Reference is made to the stock exchange announcement
published by Agilyx ASA (“Agilyx” or the “Company” and together with its
subsidiaries, the “Group”) on 22 August 2024 regarding successful completion of
a USD 40 million private placement (the “Equity Private Placement”) and the
fully committed financing package related to Agilyx’ pro-rata share of a second
Cyclyx Circularity Center (“CCC#2”) and related working capital requirements
composed of (i) the Equity Private Placement, (ii) a USD 40 million senior
secured debt financing guaranteed by DNB Markets, a part of DNB Bank ASA (“DNB
Markets Guarantee Facility”) and (iii) a USD 7 million unsecured credit facility
provided by Saffron Hill Ventures 2 LP.

Agilyx has mandated DNB Markets, a part of DNB Bank ASA, as Manager to arrange a
series of fixed income investor meetings commencing Monday 11 November 2024. A
new USD 40 – 50 million 3-year senior secured fixed rate green bond (the “Bond
Issue”) may follow, subject to inter alia market conditions. The net proceeds
from the Bond Issue shall be used to (i) fund capital calls related to the
development and building of CCC#2 and (ii) general corporate purposes of the
Group. The Bond Issue will fully replace the DNB Markets Guarantee Facility.

About Agilyx
Agilyx ASA is at the forefront of plastic waste recycling, enabling the
conversion of challenging post-use plastics into high-value, virgin-equivalent
products. Recognizing that availability of high-quality custom feedstock is
critical for scaling recycling processes, Agilyx, through its Cyclyx subsidiary,
provides tailored feedstock solutions to global plastic producers. By advancing
from a linear "make-take-waste" model to a sustainable circular economy, Agilyx
supports the transition to a low-carbon future. Our adaptable approach ensures
bespoke solutions, leveraging extensive IP and Cyclyx’s feedstock expertise to
meet diverse customer needs. For more information, visit Agilyx Products &
Services and Cyclyx.

Important information
This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities of the Company. Copies of
this announcement are not being made and may not be distributed or sent into any
jurisdiction in which such distribution would be unlawful or would require
registration or other measures. The securities referred to in this announcement
have not been and will not be registered under the U.S. Securities Act of 1933,
as amended (the “Securities Act”), and accordingly may not be offered or sold in
the United States absent registration or an applicable exemption from the
registration requirements of the Securities Act and in accordance with
applicable U.S. state securities laws. The Company does not intend to register
any part of the offering in the United States or to conduct a public offering of
securities in the United States. Any sale in the United States of the securities
mentioned in this announcement will be made solely to “qualified institutional
buyers” as defined in Rule 144A under the Securities Act. In any EEA Member
State, this communication is only addressed to and is only directed at qualified
investors in that Member State within the meaning of the Prospectus Regulation,
i.e., only to investors who can receive the offer without an approved prospectus
in such EEA Member State. The “Prospectus Regulation” means Regulation (EU)
2017/1129, as amended (together with any applicable implementing measures) in
any Member State. This communication is only being distributed to and is only
directed at persons in the United Kingdom that are (i) investment professionals
falling within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended (the “Order”) or (ii) high net
worth entities, and other persons to whom this announcement may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons together being referred to as “relevant persons”). This communication
must not be acted on or relied on by persons who are not relevant persons. Any
investment or investment activity to which this communication relates is
available only for relevant persons and will be engaged in only with relevant
persons. Persons distributing this communication must satisfy themselves that it
is lawful to do so. The issue, subscription or purchase of bonds in the Company
is subject to specific legal or regulatory restrictions in certain
jurisdictions. Neither the Company nor the Manager assume any responsibility in
the event there is a violation by any person of such restrictions. The
distribution of this release may in certain jurisdictions be restricted by law.
Persons into whose possession this release comes should inform themselves about
and observe any such restrictions. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such jurisdiction.
Matters discussed in this announcement and in connection with the offering may
constitute forward-looking statements. Forward-looking statements are statements
that are not historical facts and may be identified by words such as “believe”,
“expect”, “anticipate”, “strategy”, “intends”, “estimate”, “will”, “may”,
“continue”, “should” and similar expressions. The forward-looking statements in
this release are based upon various assumptions, many of which are based, in
turn, upon further assumptions. Although the Company believe that these
assumptions were reasonable when made, these assumptions are inherently subject
to significant known and unknown risks, uncertainties, contingencies and other
important factors which are difficult or impossible to predict, and are beyond
their control. Such risks, uncertainties, contingencies and other important
factors could cause actual events to differ materially from the expectations
expressed or implied in this release by such forward-looking statements. The
Company does not make any guarantee that the assumptions underlying the
forward-looking statements in this announcement or in connection with the
offering are free from errors nor does it accept any responsibility for the
future accuracy of the opinions expressed in this announcement or any obligation
to update or revise the statements in this announcement to reflect subsequent
events. You should not place undue reliance on the forward-looking statements as
mentioned. The information, opinions and forward-looking statements contained in
this announcement and in connection with the offering speak only as at its date,
and are subject to change without notice. The Company does not undertake any
obligation to review, update, confirm, or to release publicly any revisions to
any forward-looking statements to reflect events that occur or circumstances
that arise in relation to the content of this announcement. This announcement is
for information purposes only and is not to be relied upon in substitution for
the exercise of independent judgment. It is not intended as investment advice
and under no circumstances is it to be used or considered as an offer to sell,
or a solicitation of an offer to buy any securities or a recommendation to buy
or sell any securities of the Company. The distribution of this announcement and
other information may be restricted by law in certain jurisdictions. Persons
into whose possession this announcement or such other information should come
are required to inform themselves about and to observe any such restrictions.
This announcement is an advertisement and is not a prospectus for the purposes
of the Prospectus Regulation as implemented in any Member State.

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