Cambi partners with CNP CYCLES GmbH to expand its technology portfolio and strengthen its market presence in Germany

Cambi has signed an agreement acquiring a majority stake in CNP CYCLES GmbH aGerman-based company specialising in nutrient recovery and energy-efficientsolutions for wastewater treatment plants.

CNP CYCLES is headquartered in Alzenau, Germany and specialises intechnologiesand solutions that optimise sewage sludge treatment, complementary to Cambi's.They have successfully delivered many projects for water utilities andindustrial clients, focusing on resource recovery and process efficiency, andcontributing to sustainable and cost-effective operations.

The acquisition supports Cambi's strategy to expand its presence in Germany,Europe's largest sludge treatment market by volume. Through CNP CYCLES, Cambigains access to a local team with a strong reputation and deep marketknowledge.The transaction also strengthens Cambi's offering beyond thermal hydrolysis inEurope and globally.

Per Lillebø, CEO at Cambi, commented: "Partnering with CNP CYCLES marks asignificant step in Cambi's strategy to expand our offerings within sludgetreatment and nutrient recovery. CNP CYCLES's technologies and expertise arecomplementary to ours, and this acquisition positions both companies to unlockgrowth. This partnership will advance Cambi's long-term vision forsustainable,circular solutions in wastewater treatment globally".

Rudolf Bogner, Managing Director of CNP CYCLES, added: "We are proud of ourteam's achievements over the past years. The merger with Cambi marks a newphaseof development for CNP CYCLES. With Cambi's support, we will have the strengthand reach to continue growing in Germany and internationally, and tocontinuingoffering innovative and reliable solutions to our clients."

CNP CYCLES has 10 employees and in 2024 the company recorded revenues ofEUR3.0million. Operating just above break-even EBITDA, the company is positioned tobenefit from synergies with Cambi's scale and operational capabilities.

As part of the agreement, Cambi will acquire a 51% equity interest in CNPCYCLESGmbH, to be settled in cash with immediate effect. The agreed enterprisevalue,on a 100% basis, is around the midpoint of the "Small" contract announcementrange. The current shareholders will continue to own 49%, and the agreementestablishes a structured pathway for Cambi to acquire full ownership afterfiveyears, contingent upon certain conditions.

For more information, please contact:

Cambi ASAo Per Lillebø, CEO, per.lilleboe@cambi.com, +47 918 88 365o Mats Tristan Tjemsland, CFO, mats.tjemsland@cambi.com, +47 920 67 094

CNP CYCLES GmbHo Rudolf Bogner, Managing Director, rudolf.bogner@cnp-cycles.de, +49 172 6352361

Note on transaction value:Category SmallNOK million 15-50

About Cambi

Cambi is a global supplier of sludge treatment technologies and solutions forwastewater treatment plants and anaerobic digestion facilities. Since 1992, ithas retained market leadership through continuous innovation and a robustportfolio of proven and patented technologies. With strong project deliveryandcustomer support capabilities, the company has delivered many well-performinginstallations in 28 countries on six continents.

Cambi's thermal hydrolysis process increases renewable energy output, reducesoperational costs, and minimises greenhouse gas emissions. It is afuture-proofsolution suitable for all biosolids outlets, including land application andthermal processes such as drying, pyrolysis, and incineration. Thermalhydrolysis is compatible with all sludge and waste treatment regulations andeasy to integrate at new and existing anaerobic digestion sites.

Cambi is listed on Euronext Growth Oslo, a multilateral trading facility inEuronext, Europe's largest stock exchange platform. Find out more atcambi.com.

About CNP CYCLES

CNP CYCLES GmbH, founded in 2011, specialises in innovative technologies fornutrient recovery and energy optimisation in wastewater treatment plants. Thecompany's name reflects its focus on the chemical elements Carbon (C),Nitrogen(N), and Phosphorus (P), which are crucial in water and sludge treatment. Thecompany's philosophy, "watering life," emphasizes closing cycles in the watersector to promote sustainability.

This information is subject to a disclosure duty as per Section 5-12 of theNorwegian Securities Trading Act.

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