TOMRA has acquired 80% of the shares in c-trace GmbH, a German leader in digital
waste management solutions.

"We are very enthusiastic about joining forces with c-trace. This allows TOMRA
to broaden our offering in the waste management and recycling space and adds new
digitalization capabilities across the recycling value chain. Combining TOMRA's
solutions and customer base with c-trace, we can drive innovation and unlock new
markets opportunities. Over the next years, our priority will be to expand c
-trace's international presence by utilizing TOMRA's global footprint.
Ultimately, our common ambition is to increase collection and recycling rates -
turning more waste into valuable resources - by shaping tomorrow's recycling
infrastructure," says Tove Andersen, President and CEO of TOMRA.

c-trace, founded in 2005, offers advanced solutions that combine software and
hardware modules to digitize and improve the process for waste management
operations. As municipalities and industries increasingly seek to reduce
inefficiencies and comply with stricter environmental regulations, demand for
these solutions is rising. Through its innovative solutions and strong customer
base, c-trace has a leading position in Germany, which is the largest market in
Europe. Its strong focus on new AI driven capabilities has generated market
interest and is opening new market opportunities in the segment.

TOMRA's acquisition of c-trace aligns with the strategy outlined during the 2024
Capital Markets Day where the company said they would seek to develop adjacent
business building, also through M&A. The addition of c-trace will support
TOMRA's goal of driving additional profitable growth and diversifying its
revenue streams while broadening its market impact.

c-trace is attractive to TOMRA for three main reasons. Firstly, the market c
-trace operates in - digital waste management solutions - demonstrates strong
growth and profitability. Secondly, this adjacent market fits TOMRA's
positioning and is an area where TOMRA can create additional value. Finally, c
-trace is an ideal entry point into this market due to its leading position.

Employing around 120 people, c-trace generates 80% of its sales in Germany and
has shown annual growth of more than 15% in the last years. The company's
revenues in the last twelve months amounted to EUR 21 million with 23% in EBIT
margin (adjusted).

Transaction details

TOMRA will initially acquire 80% of the shares in c-trace, with an option for
the remaining 20%, which are held by the founders, after 2 years. The
acquisition is expected to be immediately accretive and generate strong capital
returns to TOMRA - supporting the targets set out at TOMRA's Capital Markets
Day.

Analyst and investor call

Analysts and investors are invited to participate in a Q&A session with CFO Eva
Sagemo and Head of IR Daniel Sundahl about the transaction on Friday, 25 October
at 08.30-09.00 CEST. Please register for the TEAMS Webinar
here (https://events.teams.microsoft.com/event/70d08eef-8a65-4e24-959c
-337724137868@4308d118-edd1-4300-8a37-cfeba8ad5898).

Asker, 24 October 2024

TOMRA Systems ASA

For questions, please contact:

Eva Sagemo, CFO: +47 934 39 911
Daniel Sundahl, VP Head of IR: +47 913 61 899

TOMRA develops solutions that enable circular economies and optimal resource
productivity through automated identification, collection, grading, and sorting
of resources. We optimize how resources are obtained, used, and reused - turning
waste into valuable resources. Our vision is to lead the resource revolution and
enable a world without waste.

TOMRA has more than 110,000 installations in over 100 markets worldwide and had
total revenues of EUR 1,288 million in 2023. The Group employs 5,400 people
globally and is publicly listed on the Oslo Stock Exchange. (OSE: TOM). For
further information about TOMRA, please visit www.TOMRA.com

This stock exchange notice contains inside information which is subject to the
disclosure requirements in article 17 of the Market Abuse Regulation.