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Pryme decides to construct a pyrolysis plant in Rotterdam, the Netherlands,

Today, Pryme N.V. (the Company or Pryme) has entered into an unsecured term loan facility agreement with Dutch based Energietransitiefonds B.V. (ETF-R) in the amount of EUR 4,000,000 or, at Pryme’s option, EUR 5,000,000 and maturing in June 2027.

The loan carries an interest rate of 9.0% p.a. There will be no principal payments prior to maturity unless the loan is prepaid. Accrued interest is paid quarterly, except during a grace period until July 2025. In addition to the interest payments, the Company will issue 300,000 new shares in its capital to ETF-R for no consideration upon repayment or early redemption of the loan as approved by the Company’s Annual General Meeting in April 2024.

In the event that Pryme decides to construct a pyrolysis plant in Rotterdam, the Netherlands, the term of the loan and the interest deferral period will be extended by one year. Pryme expects to draw down the loan amount before December 2024 and will use the liquidity to fund the development of new production sites, the continued improvement of Pryme One and for general corporate expenses. New facility development includes general technology development, site selection and development, permitting and front-end facility engineering.

Pryme N.V. is an innovative cleantech company focused on the industrial-scale conversion of plastic waste into pyrolysis oil through chemical recycling. Its efficient and scalable technology is based on a proven process that has been developed and enhanced with proprietary features. Pryme has started production at its first plant in the port of Rotterdam with an estimated nameplate capacity of approximately 40,000 tons of plastic waste per year. Pryme’s goal is to contribute to a low-carbon, circular

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