OSLO, NORWAY - 9 NOVEMBER 2023 - Circa Group AS (stock symbol: CIRCA) announced
its third quarter results today. A webinar will be held at 08.30 CET (details
below).

Circa continues to demonstrate progress on key work-streams related to
ReSoluteTM, FC6 and future plants, consistent with earlier quarterly
communications.

In manufacturing, progress continues at ReSoluteTM with the first stage of the
permitting process complete. Shortly after the end of Q3, a major MoU was signed
with National Power Systems (NPS) for the evaluation of sites for Circa's next
stage FC6 plant in Thailand and France.

At Circa's FC5 plant in Tasmania, continuing process optimisation has achieved
consistent production output increases, and these provide further insights for
the ReSolute operations team. In the research department, continual refinements
are being made at the current FC5 plant in Tasmania which will be applied to
ReSolute, FC6 and future plants. 

Product and market development continues, with a renewed focus on customer "real
life" application and process development. A review of all R&D projects has been
initiated by new VP Product Development, Dr Alessandro Napoli, based on
timeliness to market and impact.

Circa Group AS CEO Tony Duncan said, "As I continue to lead the Circa team into
2024, I remain as committed as ever to the growth of our business. In an
ever-changing world, we provide some certainty to manufacturers of consumer
goods and industrial products. By partnering with Circa, we can reduce the
environmental impact of their products together."

For further information, access the complete Q3 report:
https://circa-group.com/stock-announcements.

To join the Q3 results webinar please copy and paste this link into your web
browser:

https://teams.microsoft.com/l/meetup-join/19%3ameeting_NjE0NGM4ZTQtZWY2ZS00YWU5L
WJmOWItZmYwN2RkMDEwYWIx%40thread.v2/0?context=%7b%22Tid%22%3a%227fe83212-6533-49
bf-96c7-1c50525cb252%22%2c%22Oid%22%3a%22b5d8e996-8850-4133-9fce-bf140a9a7209%22
%7d


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