Circa Group AS

Share Issue/Capital Change • Apr 30, 2021

Circa Group AS: Primary insider notice

Oslo, 30 April 2021. Reference is made to the press release from Circa Group AS (the "Company") published today on 30 April 2021 regarding completion of the share capital increase in the Company.

The shares were issued for the purpose of fulfilling the Company's obligations under the share lending agreement between the Company, Norske Skog ASA and Pareto Securities AS (the "Share Lending Agreement").

Pursuant the Share Lending Agreement, Pareto Securities AS has redelivered 4,450,000 shares in the Company to Norske Skog ASA. Norske Skog ASA is represented at the Company's board of directors by the chairperson, Lars Sperre.

Following redelivery of the Shares, Norske Skog ASA owns 31,654,274 shares in the Company, equal to approximately 26.2% of the outstanding existing shares.

Please refer to the attached notification of trading for further details.

About Circa

Established in 2006, Circa Group converts waste, non-food biomass into advanced bio-based chemicals with its proprietary Furacell™ process. Its developing product portfolio includes flavours, biopolymers, and bio-solvents including Cyrene™, an alternative to traditional polar aprotic solvents, which is produced in one step from platform biomolecule Levoglucosenone. By creating renewable chemicals from cellulose, Circa is extracting value from non-food, waste biomass and addressing a gap in the market by providing bio-based alternatives contributing to a more circular economy. In March 2021, Circa Group successfully listed on the Euronext Growth Market in Oslo, stock symbol CIRCA. www.circa-group.com

Media Contact Tony Duncan, CEO tony.duncan@circa-group.com www.circa-group.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.