Ad hoc announcement
of Pyrum Innovations AG

Publication of inside information in accordance with Art. 17 of Regulation (EU)
No. 596/2014

BASF supports Pyrum in financing the current rollout plan with an initial EUR 25
million

Dillingen / Saar, 15 November 2023 - Pyrum Innovations AG ("Pyrum", the
"Company", ISIN: DE000A2G8ZX8) and BASF Antwerpen NV have today signed a new
cooperation agreement. The agreement provides for a conditional loan of
initially EUR 25 million, to be drawn in tranches, which will serve as start-up
financing for the realisation of Pyrum Innovations AG's concrete project
pipeline until 2026. In addition, provided that Pyrum will have secured
additional financing of EUR 50 million, for example in the form of corporate
bonds via the capital market, loans or investments from partners of jointly
planned plants, BASF will provide a further EUR 25 million as a loan to Pyrum
under corresponding conditions.

The object of the agreement is the planning, project development and
construction of at least three new plants, each with an annual capacity of
20,000 tonnes of end-of-life tyres, using the funds provided. Pyrum plans to use
the funds in particular for the construction of the announced plant in Saarland
as well as for the equity contribution and co-financing of up to five of the
projects announced in recent months with financially strong partners. The aim of
Pyrum and BASF is to significantly expand the Company's production capacities. 



Contact
IR.on AG
Frederic Hilke
Phone: +49 221 9140 970
Email: pyrum@ir-on.com  

Pyrum Innovations AG 
Dieselstraße 8 
66763 Dillingen / Saar 
Email: presse@pyrum.net