OSLO, NORWAY -24 August 2022 . Reference is made to the announcement made byCirca Group AS (the "Company") on1 July 2022 regarding the exercising of warrants byMoata Pty Ltd ("Moata"), a close associate of the Company's CEO, Mr.Anthony Duncan . The board of directors ofCirca Group AS has today,24 August 2022 , resolved to increase the Company's share capital byNOK 400 000 and to issue 200 000 new shares to Moata and 200 000 shares to Mr.William Duncan a Circa employee. Following the above executions of the exercised warrants there are no further warrants outstanding in the Company and the only remaining share based remuneration arrangement in Circa is the group's Long Term Incentive program that was instigated inMarch 2021 in connection with the capital raise and the listing at the Euronext Growth. The new shares, once registered in the Register ofBusiness Enterprises , will increase the Company's share capital toNOK 122,113,109 divided into 122,113,109 shares, each with a nominal value ofNOK 1 . Following the registration in the Register ofBusiness Enterprises , Moata will own 1,200,000 shares in the Company, equalling approx. 0,98% of the outstanding shares. About Circa Established in 2006,Circa Group converts non-food biomass into advanced bio-based chemicals with its proprietary FuracellTM process. Its developing product portfolio includes flavours, biopolymers, and bio-solvents including CyreneTM, an alternative to traditional polar aprotic solvents, which is produced in one step from platform biomolecule Levoglucosenone. By creating renewable chemicals from cellulose, Circa is extracting value from non-food biomass and addressing a gap in the market by providing bio-based alternatives contributing to a more circular economy. InMarch 2021 ,Circa Group successfully listed on the Euronext Growth Market inOslo , stock symbol CIRCA. www.circa-group.com Investor ContactCirca Group Tone Leivestad, Chief Financial OfficerCirca Group AS tone.leivestad@circa-group.com Tel: +47 406 39 455 Media ContactScott Engebrigtsen Hill and Knowlton Strategies Scott.Engebrigtsen@hkstrategies.com Tel: +47 900 43 484
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