Cambi ASA

Regulatory Filings • Mar 22, 2021

Cambi Group AS Skysstasjon 11A PO box 78 1371 Asker Norway T: +47 66 77 98 00 office@cambi.com www.cambi.com

PRESS RELEASE March 22nd, 2021 For Immediate Release

Cambi signs contract for a new thermal hydrolysis plant in Kansas City, MO

Asker, Norway, 22 March 2021

Following Cambi's selection to deliver a thermal hydrolysis system for Kansas City Water's (KCMO) Blue River Biosolids Facility, as announced in the stock exchange release of 12 February 2021, Cambi Inc. has now been awarded a contract by Goodwin Brothers Construction Co.

Goodwin is teamed with Black & Veatch, the engineer for this design/build project. Black & Veatch has been involved with multiple Cambi projects in North America and the United Kingdom in the past 20 years. This facility will be the first in Missouri to utilise Cambi's thermal hydrolysis process (CambiTHP®).

The CambiTHP process was selected so the existing digesters would have additional capacity, allowing all solids to be anaerobically digested. This allows the City to shut down existing incinerators that are reaching the end of their useful life. The resulting reduction of energy demand for the treatment of biosolids will decrease the City's carbon footprint. The biosolids resulting from the process will be pathogen-free and meet the highest quality standards (Class A) under USEPA regulations.

"This is a landmark project for Cambi in America, introducing a modification of our proven design to allow for continuous operation even during annual inspection; something that was important to KCMO. The new design demonstrates our commitment to continuous innovation, setting the industry standard for thermal hydrolysis. We look forward to working together with Goodwin Brothers, Black & Veatch, and KCMO on this project", said Eirik Fadnes, Cambi Group CEO.

The new facility will have a capacity of up to 94 tons of dry solids per day. KCMO Water's YouTube video (https://www.youtube.com/watch?v=U-7K927PHRk) provides more details. The entire project is budgeted at approximately USD 150 million.

Blue River Biosolids Facility is Cambi's 9th thermal hydrolysis reference in America, strengthening the company's position as a key player in sustainable biosolids management solutions in the country.

The thermal hydrolysis plant is scheduled for handover in 2024.

For more information, please contact: Paul Christy, General Manager Cambi Inc. +1-610-247-7584

About Cambi:

Cambi is a global technology and solutions supplier for sustainable biosolids management in wastewater treatment plants. Cambi has been developing its patented core technology since 1992 and has been building strong marketing, sales, and support capabilities, evidenced by a portfolio of well-performing thermal hydrolysis plants globally. The thermal hydrolysis process increases renewable biogas energy output, reduces greenhouse gas emissions, and destroys pathogens and other harmful substances, which enables the production of excellent quality organic fertilizers and various soil products. Find out more at cambi.com