Pryme N.V.

Capital/Financing Update • Jun 6, 2024

Pryme enters into an unsecured loan facility for up to EUR 5.0 million

Pryme enters into an unsecured loan facility for up to EUR 5.0 million

Pryme enters into an unsecured loan facility for up to EUR 5.0 million

Rotterdam, 6 June 2024

Today, Pryme N.V. (the Company or Pryme) has entered into an unsecured term loan facility agreement with Netherlands based Energietransitiefonds B.V. (ETF-R) in the amount of EUR 4,000,000 or, at Pryme’s option, EUR 5,000,000 with a term until June 2027. The interest rate of the loan is 9.0% p.a. No principal payments will take place before maturity unless the loan is repaid early. Accrued interest will be paid on a quarterly basis except during a grace period that applies until July 2025. In addition to the interest payments, the Company will issue 300.000 new shares in its capital to ETF-R for no consideration upon repayment or early prepayment of the loan as authorized by the Company’s general meeting in April 2024. In the event Pryme decides to construct a pyrolysis plant in Rotterdam, the Netherlands, the term of the loan and the interest grace period will be extended by one year.

Pryme expects to draw the loan amount before December 2024 and apply the liquidity to fund the development of new production sites, the continued improvement of Pryme One and for general corporate expenses. The development of new production sites includes general technology development, site selection and development, permit applications and front-end plant engineering.

For investor inquiries, please email to: ir@pryme-cleantech.com

About Pryme | www.pryme-cleantech.com

Pryme N.V. is an innovative cleantech company focused on converting plastic waste into pyrolysis oil through chemical recycling on an industrial scale. Its efficient and scalable technology is based on a proven process that has been further developed and enhanced with proprietary characteristics.

Pryme has initialized production at its first plant in the port of Rotterdam, with an estimated nameplate intake capacity of about 40,000 tons of plastic waste annually.

Pryme’s ambition is to contribute to a low-carbon circular plastic economy and to realize the large rollout potential of its technology through the development of a broad portfolio of owned-operated plants with strategic partners.

Pryme is listed on Euronext Oslo Growth market.

Pryme can be followed on LinkedIn.

About ETF-R | https://www.innovationquarter.nl/en/investeren

Energy Transition Fund Rotterdam is a € 100 million fund for sustainable investments from scale-ups and large companies, with the aim of reducing CO2 emissions and raw material use and improving air quality. The fund management of the Energy Transition Fund Rotterdam is carried out by Innovation Quarter, the regional economic development agency for the greater Rotterdam The Hague area.