Agilyx: GreenDot to acquire 50% of French packaging EPR company Léko, expanding its European recycling platform

Oslo, Norway,  5 November 2026 - Agilyx ASA (Euronext Oslo Børs: AGLX; Börse
Frankfurt: 5NQ; US OTCQX: AGYXY) ("Agilyx" or the "Company") announces that
GreenDot, its majority-owned holding, has entered into an agreement to acquire
50% of Valorie SAS,  a fast-growing state-approved extended producer
responsibility (EPR) recycling company in France owning 100% of Léko and Léko
Pro. GreenDot will share joint ownership and control of Valorie with German
environmental services company Reclay International. The transaction is funded
from cash within the GreenDot Group and involves no cash outlay and no share
issuance by Agilyx.

A fast-growing challenger in French recycling

Léko is one of two state-approved, non-profit household packaging EPR
organizations in France, which receives (EPR) fees brands pay to fund municipal
collection, sorting and recycling. Since its start in 2020, revenue has grown to
EUR 42 million in 2025, with nearly 80% annual growth in the past two years.
France generates approximately 4.5 million tonnes of plastic waste each year. In
2024, the French recycling rate for plastic packaging was only 27%, the third
lowest in the EU, which averages 42%. France pays approximately EUR 1.6 billion
per year to the EU related to its non-recycled plastic packaging waste and is
working proactively to transform its plastic recycling sector.

Strategic rationale

The strategic expansion of GreenDot's European recycling platform is expected to
create value through three channels:
-	Enhanced access to more and higher-quality mechanical recycling feedstock:
Léko provides GreenDot's mechanical recycling operations with preferred access
to more, higher-quality material, enhancing the platform's EU Packaging and
Packaging Waste Regulation (PPWR)-driven growth.
-	One-stop-shop for Pan-European EPR compliance: Together, Léko and GreenDot can
offer brands a one-stop shop for EPR compliance in Germany and France, access to
GreenDot's Authorized Representative service, and access to the AI software
solution GreenDot is developing with osapiens.
-	Cost savings with German EPR: Léko will leverage GreenDot's existing IT,
digital tools and account teams, lowering costs in both France and Germany,
particularly as Léko grows.
GreenDot's ambition is to grow Léko toward a 10% share of the French household
packaging recycling market, increasing the value of each of the above.

Laurent Auguste, CEO of GreenDot, said: "Léko's presence in the French waste
plastic supply chain provides GreenDot a strategic opportunity to expand our
access to waste plastic supply and advance our circular plastics offering to
pan-European brands and retailers.  Our teams have been working together for
some time now, and I am excited about building Leko into a central player in the
French recycling segment. "

Transaction terms

GreenDot will pay an initial consideration of EUR 4 million at closing. The
agreement also provides for two potential milestone payments, dependent on
Leko's revenue growth. Milestone payments are voided if the anticipated
synergies are not achievable due to regulatory constraints. Total consideration,
including milestone payments, is approximately 2-3 times GreenDot's projected
annual EBITDA improvement and is capped at three times the initial
consideration.

The acquisition is funded from cash within the GreenDot Group. There is no cash
outlay and no share issuance by Agilyx. Léko will not be consolidated in
GreenDot's accounts.

As part of the new ownership structure, GreenDot CEO Laurent Auguste will assume
the role of Chairman of Valorie. The transaction was completed on November 5th
2026.

Further details are provided in the enclosed attachment.

About Agilyx
Agilyx ASA is a leading global investment platform supporting the development of
plastic waste feedstock supply to the recycling industry. Through its majority
holding in GreenDot Global, Europe's largest waste plastic recycling platform,
Agilyx has access to large volumes of post-use plastic and advanced sorting and
recycling infrastructure in Austria, France, Germany, Italy, and Spain. Through
arcLABS, Agilyx provides characterization and identification services for
plastic streams that can be converted into feedstock matched to recycling
processes. Agilyx also markets Styrenyx, its proprietary chemical recycling
technology for polystyrene waste.
By enabling the shift from a linear "make-take-waste" model to a circular
economy, Agilyx helps solve the plastic waste crisis and supports the global
transition to a low-carbon future.
Inquiries: [email protected]
Learn more at: www.agilyx.com and www.agilyx.com/arclabs
For media resources, visit: https://www.agilyx.com/media-room/

About GreenDot
GreenDot is dedicated to addressing the plastic waste crisis by developing
solutions and assets that close the circularity loop of plastics through the
production of high-quality recyclates, including from difficult-to-recycle waste
streams. The group's portfolio spans both mechanical and chemical recycling,
Extended Producer Responsibility (EPR) licensing services, as well as consulting
on EPR systems and design-for-recycling.
The foundation of the group was laid more than 35 years ago in Germany with Der
Grüne Punkt, which created the world's first nationwide EPR program for
household packaging, including hard-to-recycle plastics like flexible films.
Since then, GreenDot has constantly expanded its business areas in order to
serve all requirements of the circular economy for plastics. To date, GreenDot
has a presence in Germany, Austria, Italy, France, as well as Spain, and
continues to widen its global network.
More information can be found at www.green-dot.com
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