Q1 2024 Results highlight continued progress on ReSoluteTM preparations and a new CEO

OSLO, NORWAY - 15 MAY 2024 - Circa Group AS (stock symbol: CIRCA) announceditsfirst quarter results today. A webinar will be held at 08.30 CET (detailsbelow).

Progress continues at the ReSoluteTM site including the civil works whichstartedin January 2024, and which are now 50% complete. A considerable amount of thesite's equipment is already on-site or is ready for shipment from suppliers.

The environmental permitting process continues, with the public consultationexpected to start in Q2. The expectation is that the environmental permit willbe received by the end of Q3 or early Q4 2024.

This quarter saw an increase in commercial announcements with a partnershipwithMerck to supply CyreneTM, Circa's sustainable, bio-derived industrial solventanda second agreement with IXOM Operations Pty Ltd to develop the market forCyreneTM in the ANZ region.

Q1 also saw the arrival of a new CEO. Bertel Karlstedt joined Circa and has aprimary focus on driving forward the ResoluteTM project and supporting thefundraising for ReSoluteTM.

Circa Group AS CEO Bertel Karlstedt said, "As I come to the end of my firstquarter in office, I see the tremendous potential for Circa's products, bothCyreneTM and other LGO derivatives. As regulations tighten globally andconsumers' appetite for more sustainable products increases, we arewell-placedin our mission of Changing chemistry for good."

For further information, please access the complete Q1 report:https://circa-group.com/stock-announcements

To join the Q1 results webinar please copy and paste this link into your webbrowser:

https://teams.microsoft.com/l/meetup-join/19%3ameeting_YjNiMjIyNDAtYjM4Mi00MGQ0LTkzYzgtZmQ2YzU0NzAwNjFl%40thread.v2/0?context=%7b%22Tid%22%3a%227fe83212-6533-49bf-96c7-1c50525cb252%22%2c%22Oid%22%3a%22b5d8e996-8850-4133-9fce-bf140a9a7209%22%7d

About CircaEstablished in 2006, Circa Group converts sustainable, non-food biomass intoadvanced bio-based chemicals with its proprietary FuracellTM process. Itsdeveloping product portfolio includes flavours, biopolymers, and bio-solventsincluding CyreneTM. By creating renewable chemicals from cellulose, Circa isextracting value from non-food biomass and addressing a gap in the market byproviding bio-based, less carbon intensive alternatives, contributing to amorecircular economy.https://circa-group.com

Investor Contact Tone LeivestadChief Financial OfficerCirca Group AStone.leivestad@circa-group.comTel: +47 406 39 455

Media Contact Kathryn SheridanSustainability Consultks@sustainabilityconsult.com

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