Saga Pure - Share Issue/Capital Change 2021

Saga Pure ASA: Invests NOK 30 million in the chemical recycling company Pryme

(Oslo, 25 January 2021) Saga Pure ASA (Saga, OSE: SAGA) has as a cornerstone

investor, committed to subscribe and be allocated shares for NOK 30 million in a

private placement of new shares (the "Private Placement") in CRC Holding B.V

("Pryme"). Following the Private Placement Saga will own approximately 4% of the

company.

"Over the last few years the world has come to truly understand the negative

impacts plastic waste has on the ecosystems, and there is a strong need for

innovative solutions to tackle the issue. One important pillar for handling the

plastic issue is efficient recycling. Pryme has developed a solution which

combines a high conversion rate along with large scale, both crucial to improve

the economics of such operations, and by utilizing electricity for the process

also enables a potentially zero overall carbon footprint," says Bjørn Simonsen,

CEO of Saga Pure.

Pryme is a company based in Rotterdam, the Netherlands with an experienced team

with background from the recycling, raw materials, pyrolysis, chemical and

construction industry. The company will use a modified pyrolysis process to

convert plastic waste into pyrolysis oil, which will be further refined

downstream for production of new plastics.

Pryme has entered into feedstock supply agreement with Suez, a leading European

waste management company. Further the company has signed LOI with Shell

Chemicals for off-take and downstream development.

The company will use the net proceeds from the Private Placement to build the

organization and start the construction of the first plant in Rotterdam, which

is scheduled to start production early 2022.

ENDS

For further information, please contact:

Bjørn Simonsen, CEO, +47 97 17 98 21

About Saga Pure ASA

Saga Pure is an investment company focusing on opportunities within renewable

energy, hydrogen, circular economy and CO(2)-reductions.

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