Asker, Norway, 16 January 2026

Minorga Vekst AS, a 50/50 joint venture between Grønn Vekst AS and IVAR Næring
AS, has been awarded a multi-year contract by IVAR IKS for the reception,
treatment and disposal of garden waste and biosolids in Rogaland.

IVAR IKS is an inter-municipal company owned by 12 municipalities in the
Stavanger region, providing water, wastewater and waste management services to
about 370,000 inhabitants.

Minorga Vekst draws on Grønn Vekst's organisation for management, operations,
quality, and research and development, complemented by established
subcontractors in the region. Under the contract, Minorga Vekst will handle
reception and quality control of garden waste, shredding and composting, and
logistics. 

Building on Grønn Vekst's existing infrastructure and supply chains, the
biosolids product will be used in agriculture and soil production, enabling the
establishment of local peat-free bulk soil production in Rogaland under the
Grønn Vekst brand. Annual volumes include about 12,000 tonnes of garden waste
and 10,000 tonnes of biosolids.

Service delivery starts in January 2026 and runs for five years. IVAR IKS holds
two unilateral extension options of two years each. Grønn Vekst's share of the
total contract value, including options, is higher than NOK 100 million