OSLO, Norway -May 16, 2024 -Agilyx ASA (OSE: AGLX; OTCQX: AGXXF) ("Agilyx " or "the company"), a technology company that enables customers to recycle the most challenging post-use plastics to high value, virgin-equivalent products, today announced changes to its board, including the appointment ofPeter Norris as board chair. Former board chair,Jan Secher , has resigned from the board. These changes are effective immediately, following the company's annual general meeting (AGM). Please see the minutes from the AGM attached.Peter Norris , who has been elected as Chair of the Board of Directors, has over 40 years' experience in investment banking and business management. He worked at Barings andGoldman Sachs , before establishing his own corporate finance business which in 2007 he merged with the AIM listed merchant bankQuayle Munro , subsequently acquired byHoulihan Lokey .Mr. Norris also serves as the Chairman of theVirgin Group , a position he took up in 2009. Prior to this he had acted as an adviser to the Group from 1996 and had chairedVirgin Active from 2002 to 2007. He also currently chairsVirgin Atlantic andVirgin Hotels .Mr. Norris previously served as board chair ofAgilyx fromJuly 2020 toOctober 2022 .Mr. Norris and his fellow board members have all been elected for a two-year term that expires at the annual general meeting in 2026. The Agilyx Board of Directors now consists ofPeter Norris (Chair),Ranjeet Gill Bhatia ,Carolyn Sarah Clarke ,Catherine Clinton Keenan , andSteen Jakobsen . "I would like to take the opportunity to thank Management and my fellow board members for the excellent cooperation during my tenure as chairman of the board. The transformation of the company to capitalize on the excellent positioning in feed stock management while continuing to pursue success in the chemical conversion space is truly exciting. I wish the company all the best for a promising future," said outgoing Chairman,Jan Secher . "I would like to extend my thanks to Jan, on behalf of myself as well as the wider Company for his leadership and guidance as Chairman of the Board," saidRuss Main , Interim CEO. "I am also pleased to welcome back Peter to the position of board chair. His extensive experience and skilled leadership will be welcome as we continue to pursue new opportunities and positionAgilyx for future growth." AboutAgilyx 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 molecular 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 closed loop plastic-to-plastic chemical recycling facility and holds over 17 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. Contacts For investor inquiries: investors@agilyx.com
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