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INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG OR THE UNITED STATES OR ANY
OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

Pyrum Innovations AG: Start of trading on Euronext Growth Oslo after successful
private placement

Oslo, 30 September 2021. Pyrum Innovations AG ("Pyrum" or the "Company"), an
innovative recycling technology company based in Dillingen, Germany, is pleased
to announce today's start of trading of its shares on Euronext Growth market in
Oslo, Norway, a multilateral trading facility operated by the Oslo Stock
Exchange. 

The listing follows the successful Private Placement of Pyrum shares with a
total transaction size of approx. NOK 476.4 million (approx. EUR 46.4 million).
The private placement attracted strong interest from German, Norwegian, as well
as Nordic and international high-quality institutional investors and was
significantly oversubscribed excluding shares pre-allocated to cornerstone
investors. The cornerstone investors consisted of Continental Reifen Deutschland
GmbH, Kalodion Fonds X (Discovergy) GmbH & Co. KG and OHL Gutermuth Industrial
Valves GmbH. Pyrum has enjoyed the support of its existing shareholders over
time and now is pleased to receive new support from leading investors that share
the Company's view on the market.
Pascal Klein, CEO of Pyrum Innovations AG: "This is an historic step for our
company, which will lead Pyrum Innovations AG into a new era of growth. I want
to express my gratitude for this achievement to my team and all the supporters
of our business in the past and of course in the completed private placement. We
are looking forward to an exciting and promising future for Pyrum, in which we
want to contribute our part to the achievement of a circular economy."

Pareto Securities AS (the "Manager") acted as financial advisor to the Company
and Bookrunner in connection with the Private Placement and Listing.
Advokatfirmaet Selmer AS and Dentons Europe LLP are acting as legal advisors and
IR.on AG as Financial PR advisor to Pyrum, while Advokatfirmaet BAHR AS and
Hogan Lovells International LLP are acting as legal advisors to the Manager. 


About Pyrum

Pyrum Innovations AG is active in the attractive recycling market for
end-of-life-tires with its patented pyrolysis technology. Pyrum's pyrolysis
plants are completely energy self-sufficient, save almost 100 % of the CO2
emissions normally generated during the disposal of end-of-life-tires in a
cement plant and produce new raw materials such as pyrolysis oil, gas and
recovered carbon black (rCB) from the waste used as input materials. In this
way, Pyrum closes the recyclable material loop and pursues a 100% sustainable
business model. As a pioneer, Pyrum Innovations AG was the first company in the
end-of-life-tire recycling sector to receive REACH registration from the EU for
the pyrolysis oil it produces. This means that the oil is recognised as an
official raw material. In addition, Pyrum is researching on new input materials
as well as on new raw materials to be produced, such as the successfully ongoing
tests for the extraction of hydrogen from the gas obtained by means of the
patented technology. These achievements have also been recognised by
international experts in the tire industry. For example, Pyrum won the Best Tyre
Recycling Innovation category at the inaugural Recircle Awards.



For more information, please contact:

IR.on AG
Dariusch Manssuri, Frederic Hilke
Tel: +49 221 9140 970
Email: [email protected]  

Pyrum Innovations AG
Kai Winkelmann, Head of Business Administration
Email: [email protected]

Important notice:

This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities of the Company. Copies of
this announcement are not being made and may not be distributed or sent into any
jurisdiction in which such distribution would be unlawful or would require
registration or other measures.

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities laws.
The Company does not intend to register any part of the offering in the United
States or to conduct a public offering of securities in the United States. Any
sale in the United States of the securities mentioned in this announcement will
be made solely to "qualified institutional buyers" as defined in Rule 144A under
the Securities Act.

In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
EU Prospectus Regulation and/or UK Prospectus Regulation, i.e., only to
investors who can receive the information without an approved prospectus in such
EEA Member State or the UK. The expression "EU Prospectus Regulation" means
Regulation (EU) 2017/1129 as amended (together with any applicable implementing
measures in any Member State). "UK Prospectus Regulation" means Regulation (EU)
2017/1129 as it forms part of United Kingdom domestic law by virtue of the
European Union (Withdrawal) Act 2018.

This communication is only being distributed to and is only directed at persons
in the United Kingdom that are (i) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities,
and other persons to whom this announcement may lawfully be communicated,
falling within Article 49(2)(a) to (d) of the Order (all such persons together
being referred to as "relevant persons"). This communication must not be acted
on or relied on by persons who are not relevant persons. Any investment or
investment activity to which this communication relates is available only for
relevant persons and will be engaged in only with relevant persons. Persons
distributing this communication must satisfy themselves that it is lawful to do
so.

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "believe", "expect", "anticipate",
"strategy", "intends", "estimate", "will", "may", "continue", "should" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although the Company believe that these assumptions were reasonable
when made, these assumptions are inherently subject to significant known and
unknown risks, uncertainties, contingencies and other important factors which
are difficult or impossible to predict, and are beyond their control. Actual
events may differ significantly from any anticipated development due to a number
of factors, including without limitation, changes in public sector investment
levels, changes in the general economic, political and market conditions in the
markets in which the Company operates, the Company's ability to attract, retain
and motivate qualified personnel, changes in the Company's ability to engage in
commercially acceptable acquisitions and strategic investments, and changes in
laws and regulation and the potential impact of legal proceedings and actions.
Such risks, uncertainties, contingencies and other important factors could cause
actual events to differ materially from the expectations expressed or implied in
this release by such forward-looking statements. The Company does not make any
guarantee that the assumptions underlying the forward-looking statements in this
announcement are free from errors nor does it accept any responsibility for the
future accuracy of the opinions expressed in this announcement or any obligation
to update or revise the statements in this announcement to reflect subsequent
events. You should not place undue reliance on the forward-looking statements in
this announcement. 

The information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice. The Company does not undertake any obligation to review, update,
confirm, or to release publicly any revisions to any forward-looking statements
to reflect events that occur or circumstances that arise in relation to the
content of this announcement.

Neither the Manager nor any of their affiliates makes any representation as to
the accuracy or completeness of this announcement and none of them accepts any
responsibility for the contents of this announcement or any matters referred to
herein.

This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the Company. Neither the Manager
nor any of its affiliates accepts any liability arising from the use of this
announcement.

The distribution of this announcement and other information may be restricted by
law in certain jurisdictions. Persons into whose possession this announcement or
such other information should come are required to inform themselves about and
to observe any such restrictions.

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