Date:March 07, 2024 Announcement no: 03 ISIN: DK0061676400 NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTOTHE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANYSTATE OF THE UNITED STATES OF AMERICA AND THEDISTRICT OF COLUMBIA ) (THE "UNITED STATES "),AUSTRALIA ,CANADA , THEHONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA ORJAPAN , OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. WPU -Waste Plastic Upcycling A/S - Commercial production on all reactor lines commenced and additional non-dilutive financing secured We are pleased to announce a significant milestone for WPU - Waste Plastic Upcycling (WPU): Reactor 6 has commenced commercial production. With Reactor 6 included in commercial production all 6 reactor lines of the Faarvejle upcycling facility has now commenced commercial production. Furthermore, WPU has successfully secured the loan financing for the additional necessary investments to improve production efficiency identified and designed in close collaboration with Vitol's technical teams. The loan financing has been granted on market terms and on a non-dilutive basis. The financing is provided by several of the major shareholders of WPU. As highlighted in our fourth quarter report these new efficiency projects are scheduled to be developed between February and April and should not materially affect the production schedule. These projects and associated financing have been structured to ensure our shareholders' value is preserved while we continue to expand our capabilities. For further information, contact: Klaus H Lindblad, Vice Chairman, E-mail: KL@WPU-DK.COM.
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