Grønn Vekst retains garden waste handling contract with Follo Ren

Grønn Vekst, part of Cambi's Solutions segment, has received an award notification from Follo Ren IKS to continue a service agreement covering the handling of garden waste from households and recycling centres in the Follo region of Norway.

In accordance with standard Norwegian public procurement procedures, the agreement is expected to be signed after the statutory standstill period has ended, provided there are no successful appeals.

The contract extends Grønn Vekst's long-standing cooperation with Follo Ren IKS. The scope comprises the collection, transport, container management, processing, composting, and recycling of approximately 5,600 tonnes of garden waste annually, producing peat-free soil products and returning nutrients and organic matter to productive use.

Øyvind Klev, CEO of Grønn Vekst, said:

"We are pleased that Follo Ren has again chosen Grønn Vekst as its partner for garden waste management. The award demonstrates confidence in our operational capabilities and our ability to deliver reliable and sustainable services over time. We look forward to continuing our contribution to a more circular use of local organic resources."

The agreement has a firm duration of five years from 1 January 2027, followed by two one-year extension options, giving a maximum potential duration of seven years.

The total contract value, including all extension years, falls within Cambi's Small contract category, which covers contracts valued between NOK 15 and 50 million.

Follo Ren IKS is an inter-municipal waste management company owned by the Norwegian municipalities of Frogn, Nesodden, Nordre Follo, and Ås, in the greater Oslo area. The company is responsible for household waste collection, transport, and sustainable waste management on behalf of its owner municipalities.

For more information, please contact:

- Mats Tristan Tjemsland, CFO Cambi, mats.tjemsland@cambi.com, +47 920 67 094 (investors)

- Øyvind Klev, CEO Grønn Vekst, oyvind@gronnvekst.no, +47 957 59 477 (media)

Note on contract value:

Category Small

NOK million 15-50

About Cambi and Grønn Vekst

Cambi is a global provider of technologies and services for water and wastewater treatment and organic materials management. Since 1992, the company has served utilities, municipalities, and industrial customers.

The thermal hydrolysis process (THP) is Cambi's core technology, with more than 100 systems in operation across more than 25 countries on 6 continents. Cambi's wider portfolio includes technologies for nutrient recovery and digestion, lifecycle services, biosolids logistics and land application, composting, and soil production.

Grønn Vekst, part of Cambi's Solutions segment, recycles biosolids, garden waste, stonemeal, and other residual resources from Norwegian municipalities and industry. The company returns nutrients and organic matter to productive use through agriculture and produces compost-based soil products that replace peat-based alternatives.

Cambi ASA is listed on Euronext Growth Oslo under the ticker CAMBI. Find out more at cambi.com.