Rationale for terminations
The strategic rationale for terminating the Agreements is to release Enviro from burdensome and loss-making commitments that prevent a long-term sustainable business. For an extended period, Enviro has sought to engage in discussions with the JV company and Cuibhil Luxco with the aim of renegotiating the contractual terms into a long-term sustainable structure. These efforts have not resulted in any agreement, and Enviro has therefore today terminated the Agreements pursuant to Chapter 3, Section 9 of the Swedish Company Reorganization Act.

Effects for Enviro
The termination of the Agreements entails, among other things, that after the expiry of the notice period the JV Company will lose both the exclusive right to use Enviro’s patented pyrolysis technology in Europe and access to the management and technical services that Enviro has provided to the JV Company. The terminations therefore enable Enviro to market its technology globally.

Agreements being terminated
The agreements terminated by Enviro are: a license agreement between Enviro and Infiniteria Europe Sàrl under which Enviro licenses its patented pyrolysis technology to the JV company; a marketing and agency agreement between Enviro and Infiniteria Europe Sàrl under which Enviro acts as marketing and sales agent for the products produced through tire recycling; a services agreement between Enviro and Infiniteria Europe Sàrl under which Enviro provides technical services and management support to the JV company and its group companies; an option agreement between Enviro and Cuibhil Luxco, a subsidiary of Antin Infrastructure Partners, granting Cuibhil Luxco the right, under certain conditions, to acquire shares in the JV company from Enviro; and a shareholders’ agreement relating to the JV company between Enviro, Cuibhil Luxco and Infiniteria Europe Sàrl (collectively, the “Agreements”).

The termination of the Agreements is carried out as part of Enviro’s ongoing corporate reorganization, which was approved by the Gothenburg District Court on 27 February 2026. The Agreements are terminated pursuant to Chapter 3, Section 9 of the Swedish Company Reorganization Act, with a notice period of three months.