Agilyx — Board/Management Information 2024

Jun 18, 2024

Agilyx Announces Strategic Shift to Investment Holding Company and Key Leadership Appointments

Agilyx Announces Strategic Shift to Investment Holding Company and Key Leadership Appointments

OSLO, Norway – June 18, 2024 – Agilyx ASA (OSE: AGLX; OTCQX: AGXXF) (“Agilyx” or “the company”), a pioneer in the advanced recycling of post-use plastics, is pleased to announce today a significant strategic shift from being primarily a developer of its proprietary chemical conversion technology to an investment holding company focussed on maximizing the potential of its interests in both feedstock management and waste conversion. This new direction aligns with our commitment to enable plastic circularity on a global and commercial scale and accelerate the shift to a low-carbon economy.

To support this strategic transition, Agilyx is delighted to announce the appointment of Mr. Ranjeet Bhatia as its Chief Executive Officer and Mr. Bertrand Laroche as its Chief Financial Officer. Mr. Bhatia´s appointment is effective immediately. Mr. Laroche´s appointment is effective July 11th, 2024. Mr. Laroche currently leads Agilyx’s corporate development activities and will continue to do so in his new capacity.

These appointments are part of a broader transition in the Board and management of Agilyx, following the recent appointment of Peter Norris as Chair of the Board. Mr. Norris, who also currently serves as the Chair of Virgin Group, brings a wealth of experience in investment banking and business management. Both Mr. Norris and Virgin Group are long-term shareholders in the Company.

Mr. Bhatia is a long-time investor and Board member of Agilyx ASA. He manages Saffron Hill Ventures Ltd which was an early-stage investor in Agilyx and remains the largest shareholder. Mr. Bhatia has held multiple Board roles in growth companies, and has extensive experience with capital markets, acquisitions, and strategic partnerships. Mr. Bhatia also serves as the Chair of Cyclyx International, the company´s feedstock management joint venture with ExxonMobil and LyondellBasell.

Mr. Laroche joined Agilyx in December 2023 to lead the company´s corporate development activities and is closely involved with the company´s capital markets work and in strategic support of the feedstock management business. Mr. Laroche is a seasoned CFO with a proven track record in strategic and financial planning, capital raising, and M&A. He began his career as a private equity investment officer in the Principal Investment Group of BNP Paribas in New

York, deploying $250 million of equity across energy, commodities, and climate tech companies from 2008-2020.

Mr. Russell Main, the current CFO and interim CEO, will be leaving the company later in the summer to pursue other interests. We extend our gratitude to Mr. Main for his dedicated service and contributions to Agilyx ASA.

Due to his appointment as CEO, Mr. Bhatia will step down from the Agilyx ASA Board, as required by the Public Liability Companies Act.

ABOUT AGILYX

Agilyx ASA is a technology company that enables customers to recycle difficult-to-recycle post-use plastics to high-value, virgin-equivalent products. With a focus on diversion and conversion of plastic waste, Agilyx is uniquely positioned with a chemical recycling technology offering and an integrated feedstock solution by way of Cyclyx, an innovative feedstock management consortium of partners that drives up global plastic recycling rates by chemically fingerprinting plastic waste and matching it to appropriate recycling processes. Agilyx was the first to establish a commercial-scale waste polystyrene chemical recycling facility via pyrolysis enabling closed-loop polystyrene plastic-to-plastic and holds 20 patents. Agilyx conversion technology utilizes pyrolysis without a catalyst and can convert mixed waste plastic to naphtha and fuels or depolymerize specific plastics such as polystyrene and PMMA (acrylic) back into virgin-quality products. Learn more at www.agilyx.com, subscribe to our newsletter or follow us on Linkedin.

CONTACTS

For media inquiries:

communications@agilyx.com

For investor inquiries:

investors@agilyx.com