Pryme N.V.

Earnings Release • Jul 1, 2024

Pryme completes first delivery of pyrolysis oil

Pryme completes first delivery of pyrolysis oil

Rotterdam, 1 July 2024

On June 29th, Pryme (the “Company”) made its first shipment to a customer of pyrolysis oil. The shipment contained the first 36 metric tons of the Company’s production from its Pryme One facility. As has been published earlier, the first oil produced represents a blend of the starter fluid in the installation and the first oil produced. Thus, the product shipped does not represent pure pyrolysis oil, but rather a blend and consequently is priced somewhat below Pryme’s contractual price for pyrolysis oil. The shipment resulted in revenues of around Euro 30,000. For the next shipments, the Company expects higher pricing levels as such deliveries will contain a higher quality pyrolysis oil.

During the second quarter, Pryme produced 120 metric tons of pyrolysis oil during multiple production runs with improved production performance. The first shipment of pyrolysis oil to a customer is a significant milestone for the Company although the production volumes fell short of the Company’s own expectation of producing 500 metric tons of pyrolysis oil in the second quarter of 2024. The Company expects to ship the remaining stock and its third quarter pyrolysis oil production throughout the third quarter.

Further details regarding the Q2 production and the production outlook for Q3 will be provided in the Company’s half-year report to be published on August 2nd, 2024.

For investor inquiries: 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.

The company has initialized production at its first plant in the port of Rotterdam, with an expected 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.

The company is listed on Euronext Growth Oslo.

Pryme can be followed on LinkedIn.