OSLO, NORWAY - 24 NOVEMBER 2023 - Circa Group AS (stock symbol: CIRCA) announced
today the appointment of Bertel Karlstedt as the company's next Chief Executive
Officer (CEO), effective 1 January 2024.

Bertel joins Circa from Valmet Technologies Oy, a leading technology company and
Circa's industrial partner for the FuracellTM technology and the ReSoluteTM
project. This experience gives Bertel a unique head start and insight into
ReSoluteTM and Circa's longer-term strategic vision.

Bertel Karlstedt brings 35 years of experience from a successful industrial
career where he was responsible for businesses exceeding EUR1bn turnover. In his
current role, he is assisting Valmet in the transition to the next generation of
leaders, having been the President of Valmet's EUR1bn global Pulp and Energy
business from 2015 to 2022. 

Before Valmet, Bertel was CEO of Nordkalk Oyj for almost 10 years, a Finnish
mining company active across Europe. He was CEO of Metso Paper and President of
Valmet-Rauma & Metso Paper's Paper Making business, with units across the globe
and significant production in China. 

"I am excited by Circa's mission to change chemistry for good and feel honoured
to join the company as the new CEO. I look forward to taking Circa forward to
full-scale commercialisation, securing the success of the ongoing investment and
working with the excellent Circa team on the growth strategy laid by Tony
Duncan," says incoming CEO Bertel Karlstedt.

Martin Laudenbach, Chair of Circa Group AS says, "I am thrilled to announce
Bertel as the next CEO of Circa. He brings his strong customer focus, his
experience and his track record of leading business teams to sustained growth.
As he is already familiar with the ReSolute project and the team, Bertel will be
off to a flying start and a seamless transition. The Board is confident in
Bertel's experience and ability to deliver on Circa's strategy."

Bertel Karlstedt succeeds Tony Duncan, the Co-founder of Circa who has served as
CEO since 2006. Under Tony's leadership, Circa has developed from an innovative
Australian patented prototype company into a well-established, Euronext Growth
listed, renewable chemicals company. Today, Circa has its corporate office in
Oslo and an international presence and is ready to step into commercial volume
growth. 

"Since co-founding Circa back in 2006, Tony Duncan has been the driving force
behind the company's development. We are extremely grateful for Tony's 17 years
of firm commitment, steadfast conviction and unwavering determination to pursue
his vision of changing chemistry for good with the innovative FuracellTM
technology. Without Tony, his energy and relentless efforts to build and lead
the company, Circa would not exist today," adds Martin Laudenbach.



About Circa
Established in 2006, Circa Group converts sustainable, non-food biomass into
advanced bio-based chemicals with its proprietary FuracellTM process. Its
developing product portfolio includes flavours, biopolymers, and bio-solvents
including CyreneTM. By creating renewable chemicals from cellulose, Circa is
extracting value from non-food biomass and addressing a gap in the market by
providing bio-based, less carbon intensive alternatives, contributing to a more
circular economy.
https://circa-group.com  


Investor Contact 
Tone Leivestad
Chief Financial Officer
Circa Group AS
tone.leivestad@circa-group.com
Tel: +47 406 39 455

Media Contact 
Kathryn Sheridan
Sustainability Consult
ks@sustainabilityconsult.com