TOMRA has signed an agreement with Plastretur AS, the Norwegian producer
responsibility organization responsible for recycling plastic packaging, to
create a plastic packaging sorting plant located in Norway. TOMRA will invest 32
MEUR through a joint venture where TOMRA will hold a 65% ownership stake and
Plastretur AS will hold a 35% ownership stake.

The strategic investment is part of TOMRA's Feedstock business venture, which
seeks to close the gap in plastic recycling by using TOMRA's core knowledge and
technology. There is a strong and growing demand for high-quality plastic
fractions out of plastic waste, which is typically lost to incineration and
landfill today. The plant will accept municipal-sourced separated and
mechanically recovered plastics from mixed waste. It will be sorted into high
-quality fractions ready to be used in new packaging and other high-quality
products.

Plastretur AS will be responsible for sourcing plastic packaging waste as input
while TOMRA will be responsible for grading the recovered plastic fractions
based on type, and for selling the output material. The new plant will be built
near Oslo in Holtskogen Næringspark, Østfold, Norway with a total sorting
capacity of 90,000 tons of plastics per year. The plant is scheduled to be fully
operational in the first quarter 2025.

The investment will support TOMRA in achieving its vision of leading the
resource revolution and delivering on the strategic ambitions presented at the
Capital Markets Day in 2022. The capital investment consists primarily of
machinery and equipment. TOMRA is targeting profitability levels comparable with
the rest of the business and capital return levels of 15-20%.

Asker, 31 May 2023

TOMRA Systems ASA

For further information, please contact:

Eva Sagemo, CFO
Tel: +47 934 39 911

Daniel Sundahl, Head of Investor Relations
Tel: +47 913 61 899

TOMRA was founded on an innovation in 1972 that began with the design,
manufacturing and sale of reverse vending machines for automated collection of
used beverage containers. Today TOMRA provides technology-led solutions that
optimize resource use and recovery in the food, recycling, and ore sorting
industries. TOMRA has more than 105,000 installations in over 100 markets
worldwide and had total revenues of NOK 12.2 billion in 2022. The Group employs
5,000 people globally and is publicly listed on the Oslo Stock Exchange. (OSE:
TOM). For further information about TOMRA, please visit www.TOMRA.com