Pryme N.V. has entered into an amendment to the supply contract with Shell. The amendment ensures that the contract is in line with what Pryme considers to be market conditions for pyrolysis oil while building a robust and attractive value chain for both Pryme and Shell. The contract has been revised to incorporate learnings in developing this new value chain and includes terms to better reflect the current conditions in this promising market.

Moreover, the contract provides a direct outlet for Pryme for the pyrolysis oil volumes that will be a feedstock for Shell's Moerdijk Upgrader. The Company expects the amended terms to materially improve the resulting financial performance of Pryme One.