Europris is pleased to announce that its science-based targets for achieving net
-zero greenhouse gas emissions across the value chain by 2050 have been approved
by the Science Based Targets initiative (SBTi). Along with the approval of the
overall net-zero target, near-term and long-term targets for GHG and FLAG
emissions have been validated and approved by SBTi.

In December 2022, Europris committed to implement emissions reduction targets in
line with SBTi, in own operations and throughout the value chain. The approval
of the targets is an important step in line with the group's overall ambition
and work to provide affordable yet sustainable products for everyone. The
approach of integrating sustainability into sourcing practices is crucial in the
matter, and the group actively works to prioritise products with reduced
emissions and sustainable resource use. An important next step is to develop a
transition plan in line with the approved science-based targets:

Overall Net-Zero Target:

  · Europris commits to reach net-zero greenhouse gas emissions across the value
chain by 2050.

Near-Term Targets:

  · Europris commits to reduce absolute scope 1 and 2 GHG emissions 42.2 per
cent by 2030 from a 2021 base year.
  · Europris commits to reduce absolute scope 3 GHG emissions 25 per cent by
2030 from a 2021 base year.
  · Europris further commits to reduce absolute scope 3 GHG emissions from use
of sold products from sold fossil fuels 42 per cent within the same timeframe.
  · Europris commits to reduce emissions from agriculture, forestry, and land
-use 30.3 per cent by 2030 from a 2021 base year.

Long-Term Targets:

  · Europris commits to reduce absolute scope 1 and 2 GHG emissions 90 per cent
by 2050 from a 2021 base year.
  · Europris commits to reduce absolute scope 3 GHG emissions 90 per cent by
2050 from a 2021 base year.
  · Europris further commits to reduce absolute scope 3 GHG emissions from use
of sold products from sold fossil fuels 90 per cent within the same timeframe.
  · Europris commits to reduce emissions from agriculture, forestry, and land
-use 72 per cent by 2050 from a 2021 base year.

"The approval of our climate targets by the Science Based Targets initiative is
an important milestone in the group's journey to make affordable, sustainable
products available to everyone. This recognition underlines our commitment to
transparency and ensures that our actions are based on solid knowledge and facts
in how we are addressing climate change," says CEO Espen Eldal.

Efforts are already well underway across several key areas, including improved
energy efficiency in own operations, reduced emissions from transport and
working with selected suppliers on transitioning to lower-carbon materials and
processes. These initiatives amongst others will be further explored in the
comprehensive climate transition plan that is under development.

Read more about Europris' sustainability initiatives here - Annual report
2024. (https://s22.q4cdn.com/579442476/files/doc_financials/2024/ar/Annual
-report-2024-updated-280425.pdf)

For further information, please contact:

Trine Engløkken, Head of Investor Relations
Telephone: +47 940 50 937

E-mail: ir@europris.no

Fredrikstad, 22 May 2025


About Science Based Targets initiative
The Science Based Targets initiative (SBTi) is a corporate climate action
organisation that enables companies and financial institutions worldwide to play
their part in combating the climate crisis. SBTi develops standards, tools and
guidance which allow companies to set greenhouse gas emissions reductions
targets in line with what is needed to keep global heating below catastrophic
levels and reach net-zero by 2050 at latest. The SBTi is incorporated as a
charity, with a subsidiary which will host the target validation services.
SBTi's partners are CDP, the United Nations Global Compact, the We Mean Business
Coalition, the World Resources Institute (WRI), and the World Wide Fund for
Nature (WWF) sciencebasedtargets.org.

About Europris
Europris is Norway's largest discount variety retailer by sales. The group
offers its customers a broad range of quality owned brands and brand name
merchandise. Its merchandise is sold through the Europris chain, which consists
of a network of 287 stores throughout Norway. Of these, 266 are directly owned
by the group and 21 operate as franchise stores. In May 2024, the group took
full ownership of the Swedish discount variety retailer ÖoB, which consists of a
network of 93 stores in Sweden. In addition, Europris is full or partial owner
of the e-commerce companies Lekekassen, Strikkemekka and Designhandel. The
group's head office is located in Fredrikstad, Norway.