Grønn Vekst awarded large contract for garden waste and biosolids handling in Western Norway

Asker, Norway, 16 January 2026Minorga Vekst AS, a 50/50 joint venture between Grønn Vekst AS and IVAR NæringAS, has been awarded a multi-year contract by IVAR IKS for the reception,treatment and disposal of garden waste and biosolids in Rogaland.IVAR IKS is an inter-municipal company owned by 12 municipalities in theStavanger region, providing water, wastewater and waste management services toabout 370,000 inhabitants.Minorga Vekst draws on Grønn Vekst's organisation for management, operations,quality, and research and development, complemented by establishedsubcontractors in the region. Under the contract, Minorga Vekst will handlereception and quality control of garden waste, shredding and composting, andlogistics.Building on Grønn Vekst's existing infrastructure and supply chains, thebiosolids product will be used in agriculture and soil production, enablingtheestablishment of local peat-free bulk soil production in Rogaland under theGrønn Vekst brand. Annual volumes include about 12,000 tonnes of garden wasteand 10,000 tonnes of biosolids.Service delivery starts in January 2026 and runs for five years. IVAR IKSholdstwo unilateral extension options of two years each. Grønn Vekst's share of thetotal contract value, including options, is higher than NOK 100 million; whichCambi categorises as a "Large" contract.Bernd Anders Keller, CEO of Grønn Vekst, said:"We are pleased with this award, which demonstrates Grønn Vekst's ability todeliver large contracts together with strong regional partners. ThroughMinorgaVekst we will ensure high-quality handling of garden waste and biosolids incooperation with IVAR, while establishing professional peat-free soilproductionin Rogaland."Since Minorga Vekst is jointly managed and not controlled by Cambi, it isaccounted for under the equity method, meaning the joint venture's financialperformance will not be consolidated into Cambi's accounts. Cambi will insteadrecognise its share of Minorga Vekst's net result.For more information, please contact: o Bernd Anders Keller, CEO Grønn Vekst, bernd@gronnvekst.no+47 400 01 557 (media) o Per Olav Collin, Acting CFO Cambi, per.olav.collin@cambi.com, +47 986 48 572 (investors)Note on contract value:Category Large NOK million 100-200 Contract valueAbout CambiCambi is a global supplier of biogas technologies and solutions for wastewatertreatment and anaerobic digestion. Since 1992, the company has maintainedmarketleadership through continuous innovation and a portfolio of proven andpatentedtechnologies. Cambi's thermal hydrolysis process increases renewable energyoutput, reduces operating costs and minimises greenhouse gas emissions.Grønn Vekst, part of Cambi's Solutions segment, recycles waste fractions fromNorwegian municipalities and industry, including wastewater solids, gardenwasteand stonemeal. From these resources it produces high-quality compost-basedsoilproducts that substitute peat-based soils, returning nutrients and carbon totheground. Grønn Vekst is Norway's largest producer of bulk and peat-free soils,operates across 24 sites, and is a leading wastewater solids recyclingcompany.Cambi is listed on Euronext Growth Oslo, a multilateral trading facility inEuronext, Europe's largest stock exchange platform. Find out more atcambi.com.This information is subject to a disclosure duty as per Section 5-12 of theNorwegian Securities Trading Act.https://newsweb.oslobors.no/message/663750