NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN
OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS,
ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) (THE
"UNITED STATES"), AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION
OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH
THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Amersfoort, The Netherlands - 12 March 2024 

Reference is made to the announcement by Envipco Holding N.V. ("Envipco" or the
"Company") earlier today regarding a contemplated private placement (the
"Offering"). The Company is pleased to announce that it has raised NOK 300
million in gross proceeds through the Offering, which received strong interest
from both existing shareholders and new institutional investors. Pursuant to the
Offering, 6,000,000 new ordinary shares in the Company (the "Offer Shares") will
be issued at a price per Offer Share of NOK 50 (the "Offer Price"). 

The Company continues to deliver on its European growth strategy and is well
positioned to win target share of new market opportunities. Hence, the Company
intends to use the net proceeds from the Private Placement to (i) strengthen the
Company's footprint to capitalize on new market opportunities, (ii) working
capital, (iii) M&A, and (iv) general corporate purposes. 

The Board has resolved to initiate an up-listing to Oslo Børs (the main list on
the Oslo Stock Exchange) and aim to complete such listing within the next 12
months.

The Company's shares are listed on Euronext Amsterdam and Euronext Growth Oslo,
under the ticker ENVI and ENVIP, respectively. The shares issued and delivered
in the Offering will be included and registered in Euroclear Netherlands, but
transferred and registered in the Norwegian Central Securities Depository (the
"VPS") and will not be tradable on Euronext Amsterdam unless subject to a
registration process through Euroclear Netherlands, the central security
depositary in the Netherlands.

The allocated Offer Shares are expected to be settled through a delivery versus
payment transaction by delivery of existing and unencumbered shares in the
Company that are already listed pursuant to a share lending agreement entered
into between Carnegie AS and Skandinaviska Enskilda Banken AB (publ) (the
"Managers"), the Company, Mr. Gregory Garvey and Gregory Garvey Family
Investments LLC (an entity controlled by Mr. Garvey), which shares are included
and registered in Euroclear Netherlands, the central security depository in the
Netherlands, but will be transferred and registered in the VPS. First day of
trading in the allocated shares in the Private Placement on Euronext Growth Oslo
is expected on 13 March 2024. Further settlement details will be communicated by
the Manager.

The Board has considered the structure of the contemplated capital raise in
light of the equal treatment obligations under the rules on equal treatment of
Oslo Rule Book II for companies listed on the Oslo Stock Exchange and the Oslo
Stock Exchange's guidelines on the rule of equal treatment, and is of the
opinion that the proposed Offering is in compliance with these requirements. By
structuring the transaction as a private placement, the Company was in a
position to raise capital in an efficient manner, with a lower discount to the
current trading price and with significantly lower completion risks compared to
a rights issue. In addition, the Offering was subject to marketing through a
publicly announced bookbuilding process and a market-based offer price should
therefore be achieved. On this basis and based on an assessment of the current
equity markets, the Board has considered the Offering to be in the common
interest of the Company and its shareholders.

On the basis of the above and taking into consideration that the Offer Price
represents a limited discount compared to the recent trading price and a premium
to the trading price of the Company over the past months, the Board has resolved
not to conduct a subsequent offering directed towards shareholders who did not
participate in the Offering.

Advisers
Carnegie AS and Skandinaviska Enskilda Banken AB (publ) have jointly been
retained as Bookrunners and Managers in connection with the Offering.
Advokatfirmaet Thommessen AS is acting as the Company's Norwegian legal advisor
and Bird & Bird (Netherlands) LLP is acting as the Company's Dutch legal
advisor.

For further information please contact:
Simon Bolton, Group CEO
+31 33 285 1773

Mikael Clement, CSO
+47 9900 8000
EnvipcoInvestorRelations@envipco.com

About Envipco Holding N.V.
Envipco Holding N.V., www.envipco.com, is a Netherlands-based holding company
listed on Euronext Amsterdam and Euronext Oslo Growth (Symbols: ENVI/ENVIP).
Envipco, with operations in several countries around the globe, is a recognized
leader in the development and operation of reverse vending machines (RVMs),
automated technological systems for the recovery of used beverage containers.
Known for its innovative technology and market leadership, Envipco holds several
intellectual property rights for RVM systems, including but not limited to
beverage refund deposit markings, material type identification, compaction and
accounting.

IMPORTANT INFORMATION
This announcement is not for distribution or release, in whole or in part,
directly or indirectly, in or into the United States of America (including its
territories and possessions, any state of the United States of America and the
District of Columbia) (the "United States"), Australia, Canada, the Hong Kong
Special Administrative Region of the People's Republic of China or Japan, or any
other jurisdiction in which the distribution or release would be unlawful.

This announcement does not constitute or form a part of any offer of securities
for sale or a solicitation of an offer to purchase securities of the Company in
the United States or any other jurisdiction. The securities of the Company may
not be offered or sold in the United States absent registration or an exemption
from registration under the U.S. Securities Act of 1933, as amended (the "U.S.
Securities Act"). The securities of the Company have not been, and will not be,
registered under the U.S. Securities Act, and may not be offered or sold in the
United States absent registration under the US Securities Act or an available
exemption from, or transaction not subject to, the registration requirements of
the US Securities Act. There will be no public offering of securities in the
United States. Any sale in the United States of the securities mentioned in this
communication will be made solely to "qualified institutional buyers" as defined
in Rule 144A under the U.S. Securities Act. No public offering of the securities
will be made in the United States.

The Company has not authorized any offer to the public of securities in any
Member State of the European Economic Area nor elsewhere. With respect to any
Member State of the European Economic Area (each an "EEA Member State"), no
action has been undertaken or will be undertaken to make an offer to the public
of securities requiring publication of a prospectus in any EEA Member State. In
any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
EU Prospectus Regulation, i.e., only to investors who can receive the offer
without an approved prospectus in such EEA Member State. The expression "EU
Prospectus Regulation" means Regulation (EU) 2017/1129 of the European
Parliament and of the Council of 14 June 2017 (together with any applicable
implementing measures in any Member State).

In the United Kingdom, this communication is only addressed to and is only
directed at Qualified Investors who (i) are investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling
within Article 49(2)(a) to (d) of the Order (high net worth companies,
unincorporated associations, etc.) (all such persons together being referred to
as "Relevant Persons"). These materials are directed only at Relevant Persons
and must not be acted on or relied on by persons who are not Relevant Persons.
Any investment or investment activity to which this announcement relates is
available only to Relevant Persons and will be engaged in only with Relevant
Persons. Persons distributing this communication must satisfy themselves that it
is lawful to do so.

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "anticipate", "believe",
"continue", "estimate", "expect", "intend", "may", "should", "will" and similar
expressions. The forward-looking statements in this release are based upon
various assumptions, many of which are based, in turn, upon further assumptions.
Although the Company believes that these assumptions were reasonable when made,
these assumptions are inherently subject to significant known and unknown risks,
uncertainties, contingencies and other important factors which are difficult or
impossible to predict and are beyond its control. Such risks, uncertainties,
contingencies and other important factors could cause actual events to differ
materially from the expectations expressed or implied in this release by such
forward-looking statements. The information, opinions and forward-looking
statements contained in this announcement speak only as at its date and are
subject to change without notice.

This announcement is made by and, and is the responsibility of, the Company. The
Manager is acting exclusively for the Company and no one else and will not be
responsible to anyone other than the Company for providing the protections
afforded to their respective clients, or for advice in relation to the contents
of this announcement or any of the matters referred to herein. 

Neither the Manager nor any of its respective affiliates makes any
representation as to the accuracy or completeness of this announcement and none
of them accepts any responsibility for the contents of this announcement or any
matters referred to herein.

This announcement is not a prospectus. No prospectus is required and no such
prospectus or similar document will be published in connection with the
Offering. This announcement is for information purposes only and is not to be
relied upon in substitution for the exercise of independent judgment. It is not
intended as investment advice and under no circumstances is it to be used or
considered as an offer to sell, or a solicitation of an offer to buy any
securities or a recommendation to buy or sell any securities of the Company.
Neither the Manager nor any of its respective affiliates accepts any liability
arising from the use of this announcement.

Each of the Company, the Manager and their respective affiliates expressly
disclaims any obligation or undertaking to update, review or revise any
statement contained in this announcement whether as a result of new information,
future developments or otherwise.

The distribution of this announcement and other information may be restricted by
law in certain jurisdictions. Persons into whose possession this announcement or
such other information should come are required to inform themselves about and
to observe any such restrictions.

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