Agilyx ASA – EUR 14 million placement of the Convertible Bonds fully funds execution of updated strategy through 2027

06 Feb 2026 08:34 CET

OSLO, Norway – February 6th, 2026 - Agilyx ASA (OSE: AGLX: OTCQX: AGXXF: ISIN:
NO0010872468: WKN: A2QGQ) ("Agilyx" or the "Company") references the November 4
and October 24, 2025 stock exchange notices regarding the successful placements
of Tranche 1 of EUR 24 million subordinated convertible bonds with maturity date
30 June 2028 and with ISIN NO0013684860 (the "Convertible Bonds").

Agilyx today announces a bond tap issue of EUR 14 million of the Convertible
Bonds (the “Bond Tap Issue”). Following the Bond Tap Issue, the total issued
amount of the Convertible Bonds is EUR 37.4 million. The Bond Tap Issue was
priced at 80% of par value. The placement is expected to settle on 5th March
2026. The Bond Tap Issue was executed following a reverse enquiry through Arctic
Securities.

The Company will convene an extraordinary general meeting of its shareholders to
be held on or around 2nd March 2026 to seek a resolution to make the Convertible
Bonds convertible into Shares while disapplying shareholders' preferential
rights, in line with the previous Bond issues under Tranche 1.

“The placement of these additional convertible bonds together with our pending
redemption of our senior bonds materially strengthens Agilyx’s liquidity
position and provides funding visibility through 2027 as we execute our updated
strategy” said Ranjeet Bhatia, CEO of Agilyx. “Our near-term priority is
disciplined execution at GreenDot, where we see a clear path to near-term
earnings growth and strong value creation.”

“At the same time, Agilyx retains exposure to attractive, capital-light upside
through its technology portfolio. Styrenyx represents a scalable licensing
opportunity, while long-term offtake agreements at Agilyx provide strategic
positioning and optionality without incremental capital commitments. Following
the strategic reorganization, Agilyx is structured to combine near-term cash
generation with longer-term growth opportunities in a more resilient and
value-focused way.”

This information is subject to the disclosure requirements pursuant to MAR
article 19 and Section 5-12 of the Norwegian Securities Trading Act.

About Agilyx

Agilyx ASA is a leading global investment platform supporting the development of
plastic waste feedstock supply to the recycling industry. Through its 44% stake
in GreenDot Global, Europe’s largest waste plastic recycling platform,
generating over EUR 400 million in annual revenues, Agilyx has access to large
volumes of post-use plastic and advanced sorting and recycling infrastructure in
Germany, Austria, and Italy, helping supply critical European-sourced feedstock
to the European recycling markets. Agilyx markets Styrenyx, its proprietary
advanced recycling technology, to recycle polystyrene waste into recycled
styrene monomers for reuse in new, high-quality products. By enabling the shift
from a linear “make-take-waste” model to a circular economy, Agilyx helps solve
the crisis of plastic waste and supports the global transition to a low-carbon
future.

Inquiries: investors@agilyx.com

Learn more at: www.agilyx.com

For media resources, visit: https://www.agilyx.com/media-room/

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