OSLO, Norway - June 18, 2024 - Agilyx ASA (OSE: AGLX; OTCQX: AGXXF) ("Agilyx" or
"the company"), a pioneer in the advanced recycling of post-use plastics, is
pleased to announce today a significant strategic shift from being primarily a
developer of its proprietary chemical conversion technology to an investment
holding company focussed on maximizing the potential of its interests in both
feedstock management and waste conversion. This new direction aligns with our
commitment to enable plastic circularity on a global and commercial scale and
accelerate the shift to a low-carbon economy.

To support this strategic transition, Agilyx is delighted to announce the
appointment of Mr. Ranjeet Bhatia as its Chief Executive Officer and Mr.
Bertrand Laroche as its Chief Financial Officer. Mr. Bhatia´s appointment is
effective immediately. Mr. Laroche´s appointment is effective July 11th, 2024.
Mr. Laroche currently leads Agilyx's corporate development activities and will
continue to do so in his new capacity. 

These appointments are part of a broader transition in the Board and management
of Agilyx, following the recent appointment of Peter Norris as Chair of the
Board. Mr. Norris, who also currently serves as the Chair of Virgin Group,
brings a wealth of experience in investment banking and business management.
Both Mr. Norris and Virgin Group are long-term shareholders in the Company. 

Mr. Bhatia is a long-time investor and Board member of Agilyx ASA. He manages
Saffron Hill Ventures Ltd which was an early-stage investor in Agilyx and
remains the largest shareholder. Mr. Bhatia has held multiple Board roles in
growth companies, and has extensive experience with capital markets,
acquisitions, and strategic partnerships. Mr. Bhatia also serves as the Chair of
Cyclyx International, the company´s feedstock management joint venture with
ExxonMobil and LyondellBasell. 

Mr. Laroche joined Agilyx in December 2023 to lead the company´s corporate
development activities and is closely involved with the company´s capital
markets work and in strategic support of the feedstock management business. Mr.
Laroche is a seasoned CFO with a proven track record in strategic and financial
planning, capital raising, and M&A. He began his career as a private equity
investment officer in the Principal Investment Group of BNP Paribas in New 
York, deploying $250 million of equity across energy, commodities, and climate
tech companies from 2008-2020.

Mr. Russell Main, the current CFO and interim CEO, will be leaving the company
later in the summer to pursue other interests.  We extend our gratitude to Mr.
Main for his dedicated service and contributions to Agilyx ASA.

Due to his appointment as CEO, Mr. Bhatia will step down from the Agilyx ASA
Board, as required by the Public Liability Companies Act.

ABOUT AGILYX
Agilyx ASA is a technology company that enables customers to recycle
difficult-to-recycle post-use plastics to high-value, virgin-equivalent
products. With a focus on diversion and conversion of plastic waste, Agilyx is
uniquely positioned with a chemical recycling technology offering and an
integrated feedstock solution by way of Cyclyx, an innovative feedstock
management consortium of partners that drives up global plastic recycling rates
by chemically fingerprinting plastic waste and matching it to appropriate
recycling processes. Agilyx was the first to establish a commercial-scale waste
polystyrene chemical recycling facility via pyrolysis enabling closed-loop
polystyrene plastic-to-plastic and holds 20 patents. Agilyx conversion
technology utilizes pyrolysis without a catalyst and can convert mixed waste
plastic to naphtha and fuels or depolymerize specific plastics such as
polystyrene and PMMA (acrylic) back into virgin-quality products. Learn more at
www.agilyx.com, subscribe to our newsletter or follow us on Linkedin.

CONTACTS
For media inquiries:
communications@agilyx.com

For investor inquiries:
investors@agilyx.com

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© Oslo Bors ASA, source Oslo Stock Exchange