Company Presentation

Circa Group

Changing Chemistry for Good™

August 2023

Disclaimer

This presentation (the "Presentation") has been prepared by Circa Group AS (the "Company" and together with its subsidiaries the "Group") and is not an offer to sell or a solicitation of an offer to purchase securities of the Company or any other entity or to engage in any other transaction and does not include such information as would normally appear if it was an offer under any relevant securities laws and regulations. The Presentation does not purport to be all-inclusive and statements made herein are not investment, tax, accounting or legal advice.

The information and opinions contained in this Presentation may not have been independently verified, are provided as at the date hereof and are subject to amendment, revision and completion without notice. No person is under any obligation to update or keep current the information contained in this Presentation. No representation, warranty or undertaking, expressed or implied, is made by the Company, its advisers or representatives, or their respective officers, employees or agents as to, and no reliance should be placed on, the fairness, accuracy, completeness, correctness or reasonableness of the information or the opinions contained herein. The Company, its advisers or representatives, or their respective officers, employees and agents expressly disclaim any and all liability which may be based on this Presentation and any errors therein or omissions there from.

This Presentation contains certain forward-looking statements relating to the business, financial performance and results of the Group and/or the industry in which it operates. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words "believes", expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", "will", "should", "may", "continue" and similar expressions. The forward-looking statements contained in this Presentation, including opinions and views of the Company or cited from third party sources, are based on various assumptions. The forward-looking statements are solely opinions and forecasts, and are subject to risks and uncertainties which are difficult or impossible to predict and are beyond the Company's control. Forward- looking statements are not guarantees of future performance, and risks, uncertainties and other factors could cause the actual results of operations, financial condition and liquidity of the Group or the industry to differ materially from the expectations expressed or implied in this Presentation by such forward-looking statements. You are cautioned not to place any undue importance on any forward-looking statement.

The distribution of this Presentation may be restricted by law in certain jurisdictions and persons into whose possession this Presentation comes should inform themselves about, and observe, any such restriction. Any failure to comply with such restrictions may constitute a violation of the laws of any such jurisdiction.

This Presentation does not constitute or form any part of, and should not be construed as, an offer to sell, or an invitation or solicitation or recommendation to purchase, or subscribe for or underwrite or otherwise acquire any securities in the Company in any jurisdiction and does not constitute or form part of a prospectus. No part of this presentation should form the basis of, or be relied on in connection with, or act as any inducement to enter into, any contract or commitment or investment decision whatsoever. The Company has not authorized any offer to the public of securities or has undertaken any action to make an offer of securities to the public requiring the publication of an offering prospectus, in any member state of the European Economic Area.

This Presentation is updated as of the date hereof. The Company does not undertake any obligation to update this Presentation or any information. The information contained in this Presentation should be considered in the context of the circumstances prevailing at the time and has not been, and will not be, updated to reflect developments that may occur after the date of this Presentation.

This Presentation is subject to Norwegian law, and any dispute arising in respect of this Presentation is subject to the exclusive jurisdictions of Norwegian courts.

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Presenting team

Martin Laudenbach

Tony Duncan

Tone Leivestad

Philipp Morgenthaler

Nick Smith

Chairperson

CEO & Co-founder

CFO

VP Manufacturing

VP Development

and Commercialisation

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Significant progress since the Euronext Growth introduction

The value proposition and growth plan remain consistent while tailwinds continue to increase

  • Since the first day of trading in March 2021, Circa has made significant operational progress across several areas, and the regulatory tailwinds for low-carbon solvents and low-toxic chemicals continue to increase
  • Circa has recruited several industry leaders in key roles enabling future commercialization of their products:
    • Incoming CEO Dr. Steve Döring with experience from multinational chemical companies
    • Chairperson Martin Laudenbah with experience from senior positions in BASF and Solvay
    • VP Development and Commercialisation, Nick Smith with experience from Covestro and Bayer
    • VP Product Development, Dr. Alessandro Napoli with experience from Huntsman
    • VP Manufacturing Philipp Morgenthaler with ~20 years experience from global manufacturing
  • More than EUR 20m received in aggregate public funding from the EU (Horizon) and France (ReSolute related grants)
  • The existing production facility (FC5) has been shipping increasingly larger sample orders during 2022-2023
  • Network of distributors and off-takers are gradually developing as the Company moves towards increased product output
  • ReSolute™ (1,200 tonnes plant) now has LOIs and commissioning is expected in Q3 2024
    • Key equipment deliveries and engineering work ongoing with Valmet and Ekato
  • Site selection for the next plant (FC6) continues and the 12,000 tonnes plant is expected to come on stream in 2026

Source: Company information.

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INTRODUCTION

COMPANY

MANUFACTURING

BUSINESS PLAN AND FINANCIALS

MARKET

APPENDIX

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Disclaimer

Circa Group AS published this content on 17 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2023 05:05:17 UTC.