(Oslo, 2 May, 2023) Aion, an Aker BioMarine spinoff within plastic circularity
and circular tech, has signed a memorandum of understanding (MoU) with Microsoft
to pursue joint innovation and explore co-sell opportunities within digital
traceability of circular plastic products.

AION's digital platform, AION Loop, ensures value chain traceability and
documented environmental effects. Aion and Microsoft Norway will work jointly to
scale Aion Loop globally. They will also explore how Microsoft's cloud and AI
services can accelerate innovation and the adoption of circular products. 

Globally, half of all greenhouse gas emissions and 90% of biodiversity loss are
caused by extracting and processing primary raw materials. Moving to more
sustainable consumption requires a joint effort across industries, and this
relationship seeks to accelerate the transition to more sustainable products. 

Accelerate plastic circularity solutions:
The world produces around 400 million tonnes of plastic waste every year, and
the global demand for plastic continues to grow. There is an urgent need to stop
plastic pollution as well as stagger the need for energy intensive plastic
production. To tackle these challenges and meet upcoming regulatory tightening,
there is a need for a system change that enables increased plastics recycling
and circular solutions at industrial scale.

"Aion is in business to drive the transition towards a circular economy in
industrial plastics. Value chain traceability and aggregated levels of
circularity insights are core elements of this. We are delighted and very proud
to partner with Microsoft on this journey. Industrial scale and global impact
are both core to Aions growth ambitions. Microsoft has a global industrial
outreach unlike any other player, and Microsoft's own impact ambitions is a
testimony to their commitment," says Runa Haug Khoury, CEO of Aion. 
 
Taking sustainable actions:
In 2020 Microsoft announced its goal to achieve zero waste for Microsoft's
direct operations, products and packaging by 2030.

"Microsoft Norway is pleased to see Norwegian technology and companies enabling
global sustainable action and we are actively focusing our efforts to empower
Aion to scale the great work they are driving to have greater impact to create
circular solutions at scale", says Kristine Dahl Steidel, General Manager of
Microsoft Norway.

Steidel continued, "we are a strong supporter of the creation of circular
models, not only for us to reach our own sustainability goals but also to allow
our technology to enable others to do the same". 

The agreement was signed by Aion CEO Runa Haug Khoury and GM of Microsoft
Norway, Kristine Dahl Steidel.

For further information, please contact:
Katrine Klaveness, CFO
Mobile: +47 991 58 915
Email: Katrine.Klaveness@akerbiomarine.com

Marte Dalsegg, Director Communication
Mobile: +47 934 330 87
Email: Marte.Dalsegg@akerbiomarine.com


About Aion 
Aion specializes in helping clients across industries turn plastic challenges
into valuable solutions, driving the transition towards a circular economy for
industrial plastics. AION's digital platform, AION Loop, ensures value chain
traceability and documented environmental effects. To learn more, visit
www.aion.eco.
 
About Aker BioMarine
Aker BioMarine is a leading biotech innovator and Antarctic krill-harvesting
company developing krill-derived products for consumer health and wellness as
well as animal nutrition. The company has a strong position in its industry and
is the world's leading supplier of krill, the natural, powerful and health
promoting source of nutrients from the pristine waters of Antarctica. Aker
BioMarine is listed on Oslo Stock Exchange (AKBM). More information is available
at www.akerbiomarine.com.