NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE
UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER
OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Oslo, 21 August 2024

Reference is made to the stock exchange announcement published by Agilyx ASA
("Agilyx" or the "Company") today regarding the Company contemplating to raise
gross proceeds of approximately the NOK equivalent of USD 87 million to fully
fund AgilyxŽ pro-rata share of a second Cyclyx Circularity Center ("CCC#2") and
related working capital requirements. The fully committed financing package
includes (i) a USD 40 million equity private placement of new shares in the
Company (the "Offer Shares") that was fully underwritten by existing
shareholders (the "Private Placement") (ii) a USD 40 million senior secured debt
financing guaranteed by DNB Markets, a part of DNB Bank ASA ("DNB Markets") and
(iii) a USD 7 million unsecured credit facility provided by Saffron Hill
Ventures 2 LP ("SHV").

The Company hereby announces the successful completion of the Private Placement
of 14,000,000 Offer Shares at an offer price of NOK 30 per share (the "Offer
Price"), representing a discount of 8.54% to the closing price on 21 August
2024, for gross proceeds of the NOK equivalent of approximately USD 40 million. 

The Company has engaged Carnegie AS and DNB Markets as joint bookrunners
(together, the "Joint Bookrunners") and Arctic Securities AS as co-manager
(collectively, the "Managers") to assist the Company in the Private Placement.

Following completion of the Private Placement, the Company will have a share
capital of NOK 2,193,724.08 divided on 109,686,204 shares, each with a nominal
value of NOK 0.02.

The following primary insiders have subscribed for and been allocated Offer
Shares in the Private Placement at the Offer Price: 

o	Saffron Hill Ventures 2 LP, a close associate CEO of the Company Ranjeet
Bhatia, has been allocated 2,800,000 Offer Shares at the Offer Price
o	Corvina Holdings Limited, a company controlled by Virgin Group, a close
associate to chair of the Company's board of directors Peter Norris, has been
allocated 350,000 Offer Shares at the Offer Price

Notification of allocation will be sent to investors on or about 22 August 2024.
The Private Placement is expected to be settled by the Managers on a
delivery-versus-payment basis on or about 26 August 2024. Offer Shares will be
settled with existing and unencumbered shares in the Company that are already
listed on Oslo Stock Exchange, pursuant to a share lending agreement between DNB
Markets (on behalf of the Managers), the Company and SHV. The Offer Shares
delivered to the subscribers will thus be tradable from allocation. The Managers
will settle the share loan with new shares in the Company to be issued by the
Company's board of directors (the "Board") pursuant to an authorization granted
by the annual general meeting of the Company on 16 May 2024.

The share loan will be settled in two tranches as the total number of Offer
Shares to be issued in the Private Placement will result in the Company being
required to publish a listing prospectus in accordance with the requirements in
the EU Prospectus Regulation: (i) tranche 1 will consist of 8,737,240 Offer
Shares, equal to the number of Offer Shares that can be issued and listed
without triggering the requirement of publishing a listing prospectus ("Tranche
1")