TOMRA Systems

TOMRA: TOMRA and Plastretur Sign Joint Venture to Create Norway's First Dedicated Sorting Plant to Enable Circularity of Plastic Packaging

TOMRA has signed an agreement with Plastretur AS, the Norwegian producer

responsibility organization responsible for recycling plastic packaging, to

create a plastic packaging sorting plant located in Norway. TOMRA will invest 32

MEUR through a joint venture where TOMRA will hold a 65% ownership stake and

Plastretur AS will hold a 35% ownership stake.

The strategic investment is part of TOMRA's Feedstock business venture, which

seeks to close the gap in plastic recycling by using TOMRA's core knowledge and

technology. There is a strong and growing demand for high-quality plastic

fractions out of plastic waste, which is typically lost to incineration and

landfill today. The plant will accept municipal-sourced separated and

mechanically recovered plastics from mixed waste. It will be sorted into high

-quality fractions ready to be used in new packaging and other high-quality

products.

Plastretur AS will be responsible for sourcing plastic packaging waste as input

while TOMRA will be responsible for grading the recovered plastic fractions

based on type, and for selling the output material. The new plant will be built

near Oslo in Holtskogen Næringspark, Østfold, Norway with a total sorting

capacity of 90,000 tons of plastics per year. The plant is scheduled to be fully

operational in the first quarter 2025.

The investment will support TOMRA in achieving its vision of leading the

resource revolution and delivering on the strategic ambitions presented at the

Capital Markets Day in 2022. The capital investment consists primarily of

machinery and equipment. TOMRA is targeting profitability levels comparable with

the rest of the business and capital return levels of 15-20%.

Asker, 31 May 2023

TOMRA Systems ASA

For further information, please contact:

Eva Sagemo, CFO

Tel: +47 934 39 911

Daniel Sundahl, Head of Investor Relations

Tel: +47 913 61 899

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

manufacturing and sale of reverse vending machines for automated collection of

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

optimize resource use and recovery in the food, recycling, and ore sorting

industries. TOMRA has more than 105,000 installations in over 100 markets

worldwide and had total revenues of NOK 12.2 billion in 2022. The Group employs

5,000 people globally and is publicly listed on the Oslo Stock Exchange. (OSE:

TOM). For further information about TOMRA, please visit www.TOMRA.com

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