Pryme Trading Update - Pryme stopped production following a short production run

29 Apr 2025 15:35 CEST

Pryme stopped production following a short production run
Rotterdam, April 29th, 2025

Pryme (the “Company”) resumed operations at its pilot plant, Pryme One, today.
After having produced approximately 10 tons of pyrolysis oil, the reactor
experienced product leakage from around the discharge valve. Pryme took
immediate control of the following thermal incident and fire and terminated
production. There were no injuries to any personnel.

The Company will investigate the incident and the operation of the discharge
valve for technical improvement of the reactor in its operation. Pryme will rely
on the support of the original equipment manufacturer of the reactor and must
consider lead times for delivery of components for repair and provisionally
estimates that production cannot be resumed for a period of 4 – 8 weeks.

This day marked the first production since 31st March 2025 when the plant was
shut down due to vibrations. Whereas no guidance can be given as to Pryme’s
future performance, the earlier estimated production volume within the range
from 750 – 1,250 tons of pyrolysis oil for Q2, 2025 no longer is valid and will
be adjusted depending on actual downtime during repairs of the installation.

The Company is planning to publish its quarterly report for the first quarter of
2025 and the 2024 Annual Report on May 7th, 2025.

Disclaimer
This disclosure (the "Disclosure") has been produced by Pryme N.V. (the
“Company” or “Pryme”). This Disclosure and any information contained herein or
provided in this Disclosure are being made available for informational purposes
only, and may not be distributed to any other person, reproduced, published or
used in whole or in part for any other purpose. It does not constitute, and
should not be construed as, any offer or invitation or recommendation to buy or
sell any of the Company’s securities. No representation, warranty, or
undertaking, express or implied, is made to, and no reliance should be placed
on any information, including projections, estimates, targets and opinions,
contained herein, and no liability whatsoever is accepted as to any errors,
omissions or misstatements contained herein, and, accordingly, the Company
accepts no liability whatsoever arising directly or indirectly from the use of
this Disclosure, or its contents or otherwise arising in connection therewith.
All information in this Disclosure is subject to verification, correction,
completion and change without notice. In publishing this Disclosure, the Company
undertakes no obligation to provide the recipient with access to any additional
information or to update this Disclosure or any information or to correct any
inaccuracies in any such information.
This Disclosure contains several forward-looking statements relating to the
business, financial performance and results of the Company and/or the industry
in which it operates. Forward-looking statements concern future circumstances
and results and other statements that are not historical facts, sometimes
identified by the words “believes”, “expects”, “predicts”, “intends”,
“indicates”, “projects”, “plans”, “estimates”, “aims”, “foresees”, “forecasts”,
“anticipates”, “targets”, “will”, “should”, “may”, “continue” and similar
expressions. Forward-looking statements include statements regarding
objectives, goals, strategies, outlook and growth prospects; future plans,
events or performance and potential for future growth; liquidity, capital
resources and capital expenditures; profit; margin, return on capital, cost or
dividend targets; economic outlook and industry trends; developments of the
Company’s markets; the impact of regulatory initiatives; and the strength of the
Company’s competitors. The forward-looking statements contained in this
Disclosure, including assumptions, opinions and views of the Company, are based
upon various assumptions, including without limitation management’s examination
of historical operating trends, data contained in the Company’s records and
other data available from third party sources. Although the Company believes
that these assumptions were reasonable when made, the statements provided in
this Disclosure are solely opinions and forecasts that are uncertain and subject
to risks, contingencies and other important factors which are difficult or
impossible to predict and are beyond its control. A number of factors can cause
actual results to differ significantly from any anticipated development
expressed or implied in this Disclosure. No representation is made that any of
these forward-looking statements or forecasts will come to pass or that any
forecast result will be achieved, and you are cautioned not to place any undue
reliance on any forward-looking statement. The information obtained from third
parties has been accurately reproduced and, as far as the Company is aware and
able to ascertain from the information published by that third party, no facts
have been omitted that would render the reproduced information to be inaccurate
or misleading.

This Disclosure has not been reviewed, approved, authorized or registered with
any public authority, stock exchange or regulated marketplace.”

This announcement is considered by the Company to include inside information
pursuant to the EU Market Abuse Regulation and is subject to the disclosure
requirements pursuant to section 5-12 the Norwegian Securities Trading Act. This
stock exchange announcement was published by René de Graaf, General Counsel of
Pryme N.V., on April 29, 2025 at 15:35 CET on behalf of the Company.

More information:
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644740_Pryme N.V. - Trading Update 29 April 2025.pdf