OSLO, NORWAY - 25 APRIL 2024 - Sustainable biochemicals company Circa Group AS
(stock symbol: CIRCA) and Merck, a leading science and technology company, are
pleased to announce the finalisation of an agreement for the supply of CyreneTM,
Circa's sustainable, bio-derived industrial solvent.

"The formalisation of this business partnership, which has developed over the
past five-plus years, is an important step forward for the global marketing and
distribution of CyreneTM," said Circa CEO, Bertel Karlstedt "Our goal is to meet
the demand of researchers and organisations around the world looking for an
alternative to harmful solvents, minimise environmental health impact and
simultaneously improve product performance."

CyreneTM is a bio-based solvent that demonstrates circularity, sustainability,
and safety at every stage of its life cycle. From fossil-free non-food feedstock
to its recyclability and end-of-life disposal, it is a safer and more
sustainable alternative to traditional toxic petroleum-based solvents, such as
dimethylformamide (DMF). The DMF market is expected to reach $545.4 million by
2030, growing at an average CAGR of 4.8% between 2024 and 2030. However, there
is growing demand for alternatives given government regulations and concerns
about human health and the environment. 

CyreneTM, which is recognized as Sustainability Product of the Year by Business
Intelligence Group's Sustainability Awards and a Top Product by the Environment
+ Energy Leader Awards, is a promising option for various applications.

About Circa
Established in 2006, Circa Group converts waste, 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, surplus biomass and contributing to industry as it
transitions to a more circular and decarbonised economy. Circa Group is listed
on the Euronext Growth Market in Oslo, stock symbol CIRCA.
www.circa-group.com

Investor Contact Circa Group                                                    
                   
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