TOMRA Systems - M&A Activity 2021

TOMRA: Sale of shares in UltrePET LLC

TOMRA has entered into an agreement for the sale of its 49 % stake in UltrePET

LLC to Evergreen Recycling LLC.

The sales price of ~11 million USD is expected to generate a gain off ~5 million

USD and will be reported as "profit from associates" in 4[th] Quarter 2021.

About UltrePET

UltrePET is a North American recycler of PET located in Albany, NY. The company

recycles polyethylene terephthalate and other plastic resins and supplies

products in pellet and flake form for high quality applications.

For questions, please contact:

Deputy CEO and CFO Espen Gundersen +47 97 68 73 01

This information is subject to the disclosure requirements in the Norwegian

Securities Trading Act § 5-12.

TOMRA was founded on an innovation in 1972 that began with design, manufacturing

and sale of reverse vending machines (RVMs) for automated collection of used

beverage containers. Today TOMRA provides technology-led solutions that enable

the circular economy with advanced collection and sorting systems that optimize

resource recovery and minimize waste in the food, recycling and mining

industries.

TOMRA has approximately 100,000 installations in over 80 markets worldwide and

had total revenues of ~9.9 billion NOK in 2020. The Group employs ~4,300

globally and is publicly listed on the Oslo Stock Exchange. (OSE: TOM). For

further information about TOMRA, please see www.tomra.com

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