Releaf^® is a plant-based, high-performance polymer made from FDCA (furandicarboxylic acid), Avantium's flagship molecule. As the packaging industry seeks solutions that combine high performance, recyclability and a lower environmental footprint, releaf^® represents an innovative material under evaluation for packaging applications. Its oxygen and carbon dioxide barrier properties offer the potential to extend shelf life in selected rigid packaging applications, helping to keep food fresh for longer and contributing to reduced food waste. These barrier properties are also being evaluated for use in flexible lidding films and flow-wrap packaging structures requiring high barrier performance. At the same time, its lower carbon footprint can support sustainability goals of brands and converters. In addition, releaf^® may support the development of packaging structures designed for recyclability, providing an alternative to conventional multi-layer trays that are more challenging to recycle.

In view of the next phase of development, kp has signed a capacity reservation agreement supporting access to future volumes of releaf^® from prospective industrial-scale plants to be built and operated by licensees using Avantium's technology. The agreement provides a possible pathway toward the future commercial deployment of releaf^® in thermoformed food packaging applications across Europe, and aligns with Avantium's strategy to establish a global network of licensed PEF production facilities. The agreement also facilitates ongoing evaluation activities and potential future access to volumes subject to the material meeting technical, regulatory and commercial requirements.

Samuel Pardo, Senior Innovations Manager at Klöckner Pentaplast, said: "At kp, we are continuously exploring innovative and emerging packaging materials that can help our customers meet their sustainability goals while maintaining the high performance required for food packaging applications. Releaf^® combines renewable feedstock origins and barrier characteristics that make it an interesting option for evaluation in thermoformed food packaging applications. Through this agreement, we plan to continue assessing the material's performance, processability and suitability as part of our broader innovation program.”  

Marco Jansen, Chief Commercial Officer at Avantium, commented: "We are delighted to deepen our collaboration with kp, a leading global packaging company. Thermoformed food packaging is an important market for PEF, where its combination of barrier performance, recyclability and renewable origin can create tangible value. This capacity reservation demonstrates growing market interest in PEF and supports our strategy to establish future industrial-scale PEF production through technology licensing."

About Klöckner Pentaplast  
Focused on delivering its vision: The Sustainable Protection of Everyday Needs, kp is a global leader in rigid and flexible packaging and specialty film solutions, serving the pharmaceutical, medical device, food, beverage and card markets, amongst others. With a broad and innovative portfolio of packaging and product films and services, kp plays an integral role in the customer value chain by safeguarding product integrity, assuring safety and consumer health, improving sustainability, and protecting brand reputation. kp’s “Investing in Better” sustainability strategy solidifies its commitment to achieving ten clear targets for long-term improvement by increasing the recycling and recyclability of products, cutting carbon emissions and continuous improvement in employee engagement, safety, and diversity, equity and inclusion.

For five consecutive years, kp has held a gold rating from EcoVadis, the leading platform for environmental, social and ethical performance ratings. This ranks kp in the top 1% of companies rated in the manufacturing of plastics products sector.

Founded in 1965, kp has 27 plants in 16 countries and employs c.5,000 people committed to serving its customers worldwide.  kp is proud to have celebrated its 60th anniversary in 2025. For more information visit: www.kpfilms.com

About Avantium
Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks. The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:
Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Director Investor Relations
+31-625687714
ir@avantium.com  

FDCA (furandicarboxylic acid) is a plant-based building block for the production of PEF (polyethylene furanoate), Avantium’s flagship polymer marketed under the releaf^® brand. PEF is plant-based, recyclable and offers superior barrier properties compared with conventional plastics, making it an attractive material for packaging, textiles, consumer goods and other high-performance applications.

Japan is a key market for sustainable materials, driven by increasing demand for renewable and circular packaging solutions. Through this partnership, Avantium and Sojitz Pla-Net aim to accelerate awareness and adoption of releaf^® among Japanese brand owners, converters, packaging producers and other value chain partners. As a first step in their collaboration, Avantium and Sojitz Pla-Net will jointly participate in Sustainable Material Expo (SUSMA) 2026, taking place from 30 September to 2 October 2026 in Chiba, Japan, one of Japan’s leading exhibitions for sustainable materials. At the event, the companies will showcase a range of PEF applications and engage with prospective customers and partners interested in next-generation plant-based materials.

Yuzhong Chen, Business Development Manager Asia at Avantium, commented: "Japan has long been an important market for Avantium, with strong interest in sustainable, high-performance materials. We are pleased to partner with Sojitz Pla-Net, whose extensive market knowledge, customer relationships and sustainability focus make them an ideal partner to further expand opportunities for FDCA and PEF. While our initial focus is on Japan, we also look forward to exploring broader opportunities together through the international Sojitz network."

About Sojitz Pla-Net
Sojitz Pla-Net Corporation is a leading Japanese trading company specializing in plastics, packaging materials and sustainable material solutions. As a core operating company for the plastics-related businesses of the Sojitz Group, Sojitz Pla-Net serves customers across a wide range of industries, including packaging, consumer goods, mobility and electronics. The company provides access to conventional, recycled and renewable materials and supports customers in developing solutions that address evolving sustainability requirements. With its extensive industry expertise, customer network and commitment to advancing circular and low-carbon materials, Sojitz Pla-Net plays an important role in the transition towards a more sustainable plastics value chain.

About Avantium
Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks. The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands. Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:
Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179
mediarelations@avantium.com

Aarne Luten, Director Investor Relations
+31-625687714
ir@avantium.com

The successful commissioning of the purification unit follows the previously announced start-up of the utility systems and sugar dehydration unit, and the successful commissioning of the oxidation unit. Avantium is now continuing integrated start-up activities and preparing for the first production of FDCA at the Plant.

Hero de Jager, interim Chief Operations Officer of Avantium: "The successful commissioning of the purification unit is an important step in the start-up of our FDCA Flagship Plant. Having completed commissioning across all major process units, our focus now shifts to the production of the first batches of FDCA. We remain committed to the safe and successful start-up of the Plant and to commencing commercial deliveries under our existing offtake agreements as planned."

For the remainder of 2026, Avantium will focus on full FDCA Flagship Plant start-up, production of the first batches of FDCA, completion of qualification activities and preparation for commercial sales under existing offtake agreements, which are expected to commence at the end of 2026, subject to successful start-up and product qualification. Successful completion of the start-up is expected to provide commercial-scale validation of Avantium's FDCA technology and support the advancement of licensing discussions. The Company continues to expect ramp-up to full design capacity to take place over a period of approximately 24 months following start-up.

About Avantium
Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks. The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Director Investor Relations
+31-625687714
ir@avantium.com  

Under the agreement, Sukano secures access to production volumes of releaf^® from future industrial-scale facilities to be built and operated by Avantium’s potential licensing partners. Building on the companies’ collaboration since 2022 on masterbatch solutions for PEF, the agreement reflects Sukano’s confidence in releaf^® as a high-performance, plant-based and recyclable polymer. The capacity reservation agreement represents the next step in the partnership and provides a pathway toward future commercial-scale deployment.

Alessandra Funcia, Head of Sales & Marketing at Sukano AG, said: "Our collaboration with Avantium over the past several years has demonstrated the exciting potential of PEF, marketed as releaf^®. By securing future production volumes through this capacity reservation agreement, we are reinforcing our commitment to providing customers with innovative and more sustainable polyester materials. We believe releaf^® can play an important role in enabling the next generation of high-performance packaging and specialty applications."

"We are pleased that Sukano is extending its commitment to releaf^® through this capacity reservation agreement. Sukano has been a decisive partner in developing masterbatches for PEF, helping to unlock its full potential across industrial film, fiber, and bottles applications, and supporting its successful scale-up on industrial production lines. This agreement demonstrates growing confidence in releaf^® and supports the continued build-out of the future value chain for our renewable and circular polymer”, added Bineke Posthumus, Commercial Director at Avantium.

About Sukano
Sukano is a global specialist in the development and production of additive and color masterbatches and compounds for polyesters, biopolymers, high-temperature polymers, and specialty resins. The company is driven by expertise and devotes its technical knowledge to developing highly specialized products and services that go into packaging, consumer durables, building and construction, healthcare and fibers.

The company is a family-owned business headquartered in Switzerland, operating additional manufacturing facilities in the USA, Malaysia, and Hungary, as well as a sales office in Shanghai.

More information: https://www.sukano.com/en

About Avantium
Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

More information: http://www.avantium.com

For more information:
Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Director Investor Relations
+31-625687714
ir@avantium.com  

The full press release is available in the downloadable PDF below.

More information about this press release:
Media:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179,
mediarelations@avantium.com

Investor Relations:

Aarne Luten, Director Investor Relations
+31-625687714,
ir@avantium.com

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks. The most advanced technology is YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands. Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

This press release by Avantium N.V. contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR).
 

PEF is a plant-based, recyclable polyester alternative made from renewable feedstocks. The material offers an attractive combination of sustainability and performance characteristics, including excellent mechanical properties, making it a promising candidate for a variety of textile applications.

Casa da Malha is a Portuguese fabric knitting company specializing in premium circular knitted fabrics and innovative textile solutions. Driven by a commitment to sustainability and material innovation, the company continuously explores next-generation fibers and materials that can help reduce the environmental footprint of textile products. Lacatoni is a Portuguese sportswear brand and manufacturer that designs and supplies technical apparel, teamwear, and performance clothing for a wide range of sports. With a strong focus on innovation, functionality, and athlete comfort, Lacatoni works with sports clubs, federations, and teams in Portugal and internationally.

The partners developed a series of sportswear and textile prototypes incorporating PEF-based yarns and fabrics. Among the first tangible results of the collaboration is a prototype sports shirt developed by Casa da Malha for Lacatoni, demonstrating the potential of plant-based, recyclable PEF in performance apparel applications. The sports shirt prototype is being showcased at Milano Unica in Milan from 7–9 July 2026, one of Europe’s leading textile trade fairs, and forms part of a broader range of textile prototypes that will be presented to brands, manufacturers, industry stakeholders, and consumers.

Filipa Costa, Innovation & Sustainability Director of Casa da Malha, said: “This project allows us to work with a novel polymer and to translate its properties into knitted fabric constructions that meet the quality and performance standards expected by apparel brands. We are proud to contribute our textile expertise to this important step in material development."

Belisa Rodrigues, CEO of Lacatoni, added: "Our customers increasingly expect sportswear to combine performance with responsible material choices. Through these prototypes, we can evaluate how next-generation materials such as PEF perform in real apparel applications and help inspire the market with new possibilities for sustainable sportswear."

Laleh Maleki, Business Development Manager at Avantium, said: “We are excited to explore the potential of PEF in textiles together with leading partners across the value chain. Collaborations like this help accelerate the development of new, high-performance applications for renewable materials and bring them closer to commercial adoption."

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Director Investor Relations
+31-625687714
ir@avantium.com  

The external investor group brings together complementary industrial, financial and regional expertise. Strategic partners comprise GKT GmbH, based in Austria, contributing extensive experience in industrial process technology, and Al Baleed Petrochemical (SFZ), based in Oman, adding petrochemical and international market expertise. Financial partners are Invest‑NL, the National Promotional Institution of the Netherlands, supporting the acceleration of innovative and sustainable technologies, and Investment and Development Agency for the Northern Netherlands (NOM) strengthening Carbeau’s connection to the Northern Netherlands’ industrial ecosystem. Together with Avantium, the consortium is well positioned to support Carbeau’s next phase of growth and scale‑up ambitions.

The name Carbeau unites "Carbon" and "Beau" (beautiful), perfectly capturing the company's mission: Making Carbon Work Beautifully. Carbeau shifts the global narrative around CO₂ by transforming it from a critical emission challenge into valuable and sustainable materials. Carbeau’s technology platform focuses on the electrochemical conversion of CO₂, using electrons, preferably generated from renewable electricity, into valuable chemical building blocks. This approach enables the transformation of CO₂ from a waste emission into a valuable feedstock, supporting the production of high‑value, renewable products with limited to negative carbon emissions. The company’s initial product focus includes glycolic acid for the personal care market and PLGA (polylactic‑co‑glycolic acid), a compostable plastic offering strong technical performance in terms of barrier properties and marine degradability. These CO₂‑based products are designed to be cost‑competitive with incumbent fossil‑based materials, supporting both climate objectives and broad market adoption.

Carbeau will be headquartered at the Amsterdam Science Park, maintaining close ties with Avantium’s broader innovation ecosystem, and is planning the development of a pilot plant in Delfzijl in the north of the Netherlands. The Delfzijl region offers a strong industrial and Carbon Capture & Utilization (CCU) base and aligns well with Carbeau’s ambitions to leverage sustainable energy and infrastructure for scaling its electrochemical CO₂ conversion technology.

The company will be led by an experienced management team with expertise across technology development, scale‑up and commercialization. By spinning out Volta Technology into Carbeau, Avantium enables a sharper strategic focus for both companies. Avantium continues to advance its core activities in renewable polymer materials, while Carbeau accelerates the development and industrial deployment of electrochemical CO₂ utilization technologies.

Yap Chie Cheung, CEO of Carbeau, said: “Today marks an important milestone for our team. What started within Avantium as a pioneering technology platform has grown into Carbeau, a company with a clear mission and a bright future ahead. I would like to sincerely thank Avantium for its support and belief in the technology over the years, as well as our investors for their confidence in our vision. With €35.2 million in funding and the backing of an outstanding consortium of strategic and financial partners, we are in a strong position to accelerate commercialization and scale-up. We believe Carbeau can play an important role in transforming CO₂ from a challenge into an opportunity, and we now have the team, technology and partners to make that ambition a reality.”

Tom van Aken, CEO of Avantium, added: “We are tremendously proud to see Volta Technology evolve into Carbeau. This spin-out demonstrates Avantium’s ability to develop breakthrough technologies and bring them to a stage where they can attract substantial external investment and pursue their own growth trajectory. The €35.2 million financing and the strong consortium supporting Carbeau are a powerful endorsement of both the technology and the team behind it. We are pleased to remain closely involved as a significant shareholder, retaining a 32.7% stake in Carbeau. We look forward to supporting the company as it enters this exciting next phase and to seeing the impact its technology can have on advancing the circular carbon economy.”

About Carbeau

Carbeau is a technology company focused on the electrochemical conversion of CO₂ into high‑value, renewable products. Building on an electrochemical platform that uses electricity to drive chemical reactions, Carbeau enables CO₂ to be used as a raw material rather than a waste stream. The company’s technology supports the production of cost‑competitive, CO₂‑based chemicals and materials with limited to negative carbon emissions, contributing to the transition towards a circular and climate‑neutral economy. Carbeau is headquartered in Amsterdam, the Netherlands.

More information can be found at www.carbeau.com

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks. The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

About GKT

GKT GmbH is an Austrian technology company specializing in industrial process technology and engineering solutions. The company supports the development, design and scale-up of innovative industrial processes across a range of sectors. With extensive expertise in process development and commercialization, GKT helps bring advanced technologies from concept to industrial implementation.

 

About Al Baleed Petrochemical (SFZ)

Al Baleed Petrochemical (SFZ), based in the Sultanate of Oman, is a company focused on investments and partnerships in the petrochemical and chemicals sector. The company supports the development and commercialization of innovative technologies that contribute to a more sustainable industrial future, while leveraging its expertise in petrochemical markets and international business development.

About Invest-NL

Invest-NL is the National Promotional Institution. Invest-NL supports innovative companies and projects that contribute to societal transitions, including the energy transition, circular economy, sustainable industry and deep-tech innovation. Through financing and expertise, Invest-NL helps accelerate the development and scaling of solutions that strengthen the future earning capacity of the Netherlands.

About NOM

NOM (Investment and Development Agency for the Northern Netherlands) is the regional development agency for the Northern Netherlands. NOM supports innovative companies through investment, business development and internationalization, with the aim of strengthening the regional economy and accelerating sustainable growth. NOM plays an active role in developing the Northern Netherlands as a leading region for energy, circularity and industrial innovation.

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Director Investor Relations
+31-625687714
ir@avantium.com  

PEF is a high-performance, plant-based and recyclable material designed to offer improved barrier performance compared to conventional fossil-based plastics, helping to preserve flavor and quality in beverages. By applying PEF to shot formats, the partners aim to demonstrate how renewable materials can be integrated into existing beverage applications and supply chains. The partners are evaluating how Avantium’s PEF performs in this application and how it can support product protection, extend shelf life and contribute to reducing the environmental impact of packaging for functional beverage shots.

“This project demonstrates how new materials can be integrated into existing bottle production processes,” comments Lígia Passos, Head of R&D at Gepack. “Working with Avantium and partners enables us to evaluate PEF in a real application and across the value chain.”

Bineke Posthumus, Commercial Director at Avantium, adds: “Collaborating across the value chain is essential to assess how new materials perform in real applications. This project allows us to evaluate PEF across the full process, in a compact and distinctive shot format - a category that combines strong consumer appeal with a real need for high‑performance, more sustainable packaging.”

About Avantium
Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:
Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Director Investor Relations
+31-625687714
ir@avantium.com  

Under the agreement, Hoogesteger secures access to future production volumes of releaf from planned licensed plants. Capacity reservations represent commitments for volumes from future industrial-scale facilities to be built and operated by Avantium’s licensees. Avantium has now secured capacity reservations for well over 100 kilotonnes of releaf^®, exceeding the output of a single 100 kilotonnes licensed plant.

Releaf^® is a plant-based and recyclable polymer designed as a sustainable alternative to conventional plastics. It offers superior barrier properties that help keep juices and smoothies fresher for longer, while also reducing the carbon footprint. The collaboration between Avantium and Hoogesteger reflects a shared ambition to make packaging more sustainable without compromising on quality or product integrity. Building on the earlier offtake agreement and now this reserved capacity, the partnership outlines a clear pathway toward large-scale adoption of releaf across both retail and foodservice markets. Hoogesteger supplies a broad customer base, including supermarkets such as Albert Heijn and wholesalers including Sligro and Hanos, as well as hospitality and foodservice groups such as Van der Valk and corporate catering.

Charles Arentsen, CEO at Hoogesteger, said: “Sustainability is a key priority for us, and packaging plays an important role in that journey. Following our earlier offtake agreement, this capacity reservation reflects our confidence in releaf^® as a next-generation material. Its performance is equally important to us, as it helps keep our juices and smoothies fresher for longer while reducing our environmental impact.”

Bineke Posthumus, Commercial Director at Avantium, said: “This agreement with Hoogesteger is an important step in building the future releaf^® value chain. It shows that partners are moving beyond initial interest toward securing volumes from future plants. With well over 100 kilotonnes now reserved, we are seeing clear momentum toward large-scale deployment.”

About Avantium
Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:
Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Director Investor Relations
+31-625687714
ir@avantium.com  

The LCA was conducted with nova‑Institut and Tereos, using industrial data representative of future industrial production. Results have been peer‑reviewed and follow internationally recognised ISO standards. The work was carried out within the European Commission‑funded PEFerence project[2]. The findings have been published in the peer‑reviewed scientific study “Life Cycle Assessment of an Emerging, Innovative Biopolymer: Poly(ethylene furanoate)”, and provide a comprehensive assessment of releaf^® across the full life cycle, from biomass production to end‑of‑life, including recycling. The analysis includes a cradle-to-gate and a cradle‑to‑grave approach, including feedstock cultivation, conversion into chemical intermediates, polymer production, packaging applications, and end‑of‑life treatment such as recycling and energy recovery.

The study shows that the reduction in greenhouse gas emissions is primarily driven by the replacement of fossil carbon with renewable carbon derived from plant‑based feedstocks. As part of the natural carbon cycle, carbon dioxide absorbed during plant growth offsets emissions later in the life cycle. In addition, releaf^®’s improved material properties enable lighter packaging designs, further reducing environmental impact across production and transport. The highest reductions are achieved in monolayer PEF bottles, enabled by lower material use and a fundamentally different carbon balance. In addition, multilayer PEF/PET solutions outperform conventional PET/PA bottles, offering lower emissions and improved recyclability.

The analysis also highlights that renewable carbon and recycling are complementary approaches. Recycling reduces demand for virgin material, while renewable carbon reduces the impact of that material. Combined, these approaches enable deeper reductions in the overall carbon footprint of plastics. Ed de Jong, VP Development at Avantium, said: “The updated LCA provides a robust, science‑based assessment of the environmental performance of releaf® and supports its potential contribution to reducing emissions in plastics, at a time when dependence on fossil feedstocks is increasingly under pressure.”

About Avantium
Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:
Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Director Investor Relations
+31-625687714
ir@avantium.com  

[1] This includes biogenic carbon uptake.

[2] PEFerence has received funding from the Bio‑based Industries Joint Undertaking under the European Union’s Horizon 2020 research and innovation program (grant agreement no. 744409). The JU received support from the European Union’s Horizon 2020 research and innovation program and Bio‑based Industries Consortium.

For over 40 years, Heynen Systems B.V. has provided a system solution for the comfort foam industry, serving both manufacturers and end users. Its business-to-business solutions are designed to automate the encapsulation process and reduce production costs. For end users, its technology helps prevent abrasion between comfort foam and outer covers, extending product lifetime. Heynen Systems’ solutions are used by leading international brands such as IKEA and Tempur.

The collaboration between Avantium and Tricover focuses on prototyping and exploration. The partners are assessing how releaf^® can be applied in automated foam encapsulation, enhancing both performance and sustainability.

“At Heynen Systems, we continuously explore new materials and technologies that support our customers and enable further development in our field. Innovation has been central to the company since its inception, as reflected in several EU patents registered by our founder, Chris Heijnen,” said Gabriela Caraman, Communication and Sustainability Adviser. “This collaboration allows us to experiment with releaf^® and explore how we can further reduce environmental impact while remaining competitive. We are pleased to share this first prototype cushion made with releaf^® with our customers and to start the conversation on circular products ‘Made in Europe’.”

“Exploring new application areas is essential as we scale releaf^®,” added Laleh Maleki, Business Development Manager at Avantium. “Working with Tricover^® allows us to bring our material into direct contact with real-life applications in bedding and upholstery. This prototype is a valuable step to learn, test, and inspire the industry with what’s possible using our plant-based material PEF.”

About Heynen Systems BV

Heynen Systems B.V. is a family-owned company founded in 1979 and based in Lelystad, the Netherlands. The company combines two core activities: knitting technical textiles and the design and building of automated encapsulation machinery. Together, these capabilities form an interoperable automated system for effortless encapsulation of the comfort foam cores in highly elastic stockinette, offering properties such as moisture resistance and flame retardancy (Crib5) i.a.

Tricover’s solutions are used in applications such as mattresses, cushions, upholstered furniture and automotive seating, serving customers worldwide.

To learn more about interliner automation, please visit: https://www.tricover.com/

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Director Investor Relations
+31-625687714
ir@avantium.com  

The transaction reflects Avantium’s strategic focus on the commercialization and licensing of its FDCA and PEF technology platform. While Ray Technology has demonstrated strong potential, further development towards commercial scale would have required substantial additional investments. In light of its strategic priorities and capital allocation discipline, Avantium concluded that divesting the intellectual property was the most appropriate step. Avantium no longer has employees dedicated to Ray Technology^®, and the transaction therefore has no employment consequences.

The total consideration for the transaction amounts to €2.7 million in cash. €2.0 million of the proceeds will be used to partially repay Avantium’s Debt Financing Facilities with the consortium of lenders (ABN AMRO, ASN, ING, Rabobank and InvestNL), with the remaining €0.7 million allocated to the dismantling of the idle Ray pilot plant and other close-out costs.

Tom van Aken, Chief Executive Officer of Avantium, said: “This agreement supports our strategic focus and disciplined capital allocation. We are pleased that the Ray Technology intellectual property will continue with a strong European partner and see potential for future collaboration opportunities with UPM.”

About Avantium
Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:
Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Director Investor Relations
+31-625687714
ir@avantium.com  

The AGM took place on Tuesday 12 May 2026 at Venue Collective, Generaal Vetterstraat 55, 1059 BT Amsterdam, the Netherlands. In total 8,423,069 shares, representing 33.42% of the total number of shares outstanding on the record date of the meeting, were represented at the AGM and voted on the resolutions.

Voting results
The agenda items proposed for adoption in the Meeting were voted on as follows:

Agenda item 4
The AGM gave a positive advice on the Remuneration Report 2025.

Agenda item 5
The Financial Statements for 2025 are adopted.

Agenda item 6
The members of the Management Board are discharged for the performance of their duties in the financial year 2025.

Agenda item 7
The members of the Supervisory Board are discharged for the performance of their duties in the financial year 2025.

Agenda item 8
Mr. Rogier van Wijk is appointed as member of the Management Board.

Agenda item 9
Mr. Nils Björkman is re-appointed as member of the Supervisory Board.

Agenda item 10
The AGM designated the Management Board as the corporate body authorized to issue ordinary shares up to the statutory maximum of the authorised share capital, and to limit or exclude pre-emptive rights in respect thereof, for a period of 18 months from the date of this AGM.

Agenda item 11
PricewaterhouseCoopers Accountants N.V. is re-appointed as external auditor for the financial year 2026.

About Avantium
Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:
Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Director Investor Relations
+31-625687714
ir@avantium.com  

The remediation work was executed in close collaboration with SRI Speciaal Roestvrijstaal Industrie, a Dutch industrial engineering and fabrication company based in Veenwouden (Friesland) specializing in high‑complexity equipment and welding work for the process industry, under the supervision of Bilfinger, a multinational industrial services and engineering company. The successful completion of the weld repair program underscores the strength of regional cooperation and technical expertise in the Northern Netherlands.

Commissioning activities at the FDCA Flagship Plant continue. Utilities and the Sugar DeHydration unit are operational, and work remains focused on the final commissioning and start-up steps for the oxidation and purification units. The expected timelines for start-up of the Flagship plant and sales under Avantium’s offtake agreements remain unchanged. Avantium continues to expect to commence commercial product sales in the second half of 2026, in line with its previously communicated outlook.

Hero de Jager, interim Chief Operating Officer of Avantium, commented: “We are pleased that the titanium weld repair program has been completed. The close cooperation with SRI has been essential in ensuring that the repair work was carried out safely, efficiently and to the required specifications for reliable plant operations. With this important milestone behind us, we can fully focus on completing the remaining start‑up activities while keeping our operational and commercial plans on track.”

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Director Investor Relations
+31-625687714
ir@avantium.com  

At the heart of the collaboration is releaf^®, Avantium’s plant-based and circular polymer made from renewable feedstock. Releaf^® offers a significantly lower carbon footprint than traditional plastics while delivering strong mechanical and barrier performance suited for packaging, films, fibers, textiles, and interior applications. Its versatility allows designers and brands to explore new material expressions while reducing dependence on fossil‑based plastics.

“Releaf^® gives designers an extraordinary level of versatility,” says Jean Lai, Manager Marketing & Branding at Avantium. “Because it is plant‑based, recyclable, and adaptable across formats - from films and fibres to solid components- it allows creators to rethink materials without compromising performance. We are honored to work with Nienke Hoogvliet. Her creative approach allows us to demonstrate just how beautiful and versatile releaf^® can be, proving that sustainable materials are every bit as functional as they are visually compelling. This collaboration shows how one polymer can move seamlessly between packaging, textiles and interior objects, opening a world of possibilities for circular design.”

Nienke Hoogvliet adds: “Exploring releaf^® as a design material opened up an inspiring process of experimentation, discovery, and translation. While developing new textures and forms was exciting, it was equally important to transform these technical samples into tactile, emotionally engaging objects. Technical innovations can sometimes feel distant or abstract; by revealing their beauty and physicality, these objects become storytellers of a meaningful and urgent narrative. We need to rethink how we produce and consume, and releaf^® offers a promising response to one of the most pressing material challenges of our time: plastic. We hope this mini‑collection inspires others to join us in shaping a fossil‑free future.”

Press Day Milan Design Week

From Plants to Plastic will be on view from April 21–26 2026 at Palazzo Giureconsulti. A special Press Day takes place on April 20, 2026 at 14:00, offering media an exclusive first look and discussion with the designers and Avantium’s releaf^® team. Media interested in attending are kindly requested to confirm their attendance by April 17, 2026 by contacting:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com / caroline.vanreedt-dortland@avantium.com

About releaf^® (made by Avantium)
Releaf^® is the ingredient brand for PEF, a next-generation, plant-based polyester for fossil-free packaging and textiles. Combining high performance with full recyclability and a lower carbon footprint, Releaf^® helps brands shift from oil to plants without compromising function or aesthetics. Learn more at releaf.bio.

About Hoogvliet Jongerius
Hoogvliet Jongerius, founded by Nienke Hoogvliet and Tim Jongerius, explores the relationship between people, society, and nature through material-driven design. Their projects, including the VALUE//VALUES carpet series on textile transparency, have been featured in museums and publications worldwide. Visit www.nienkehoogvliet.nl

About Avantium
Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

About Avantium
Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:
Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Director Investor Relations
+31-625687714
ir@avantium.com  

Tom van Aken, Chief Executive Officer of Avantium, said: "2025 was a challenging and turbulent year for Avantium, but one that I believe has laid an important foundation for future commercial success. We made significant progress in the phased start-up of our FDCA Flagship Plant in Delfzijl, an essential step toward bringing our plant-based polymer PEF, marketed as releaf®, to market. At the same time, construction-related issues and the resulting delays required significant financial discipline, substantial additional financing, and some tough organizational decisions.

We strengthened our financial position through essential short-term financings, amendment of our debt financing conditions and a successful equity raise of €85 million, reflecting strong confidence from both new and longstanding investors, including the Dutch State. By year-end, the first half of the Flagship Plant had been commissioned and was operational, giving us a clear line of sight to completing start-up in 2026 and moving into commercial-scale production. 

We also enhanced the broader foundations of our PEF strategy. We expanded our commercial pipeline, advanced licensing discussions, and secured important regulatory and recycling approvals in Europe and Japan. These achievements further reinforce PEF’s potential as a high-performance, circular and plant-based alternative to fossil-based plastics. 

As we enter 2026, we do so with renewed focus and optimism. With the support of our partners and shareholders, the talent and dedication of our teams, and the global shift toward renewable and circular materials, I am confident that Avantium is well positioned for a transformative year. We remain committed to creating value for our shareholders by delivering on the promise of releaf® and leading the transition to a fossil-free chemical industry."

More information about this press release: 

Media: 
Caroline van Reedt Dortland, Director Communications 
+31-20-5860110 / +31-613400179, 
mediarelations@avantium.com 

Investor Relations: 
Aarne Luten, Director Investor Relations 
+31-625687714, 
ir@avantium.com

Rogier van Wijk is a seasoned finance executive with extensive experience in multinational and listed organisations. He brings more than 25 years of finance leadership across corporate finance, M&A, investor relations, treasury, risk management, and business transformation. Rogier joins Avantium from Cyclomedia Technology B.V., where he served as CFO and Management Board member with responsibility for Finance, Legal, M&A and HR. Prior to this role, he held senior finance leadership positions at Intertrust N.V., TPV Technology, and Philips, working in Europe, the United States, and Asia.

Edwin Moses, Chair of Avantium’s Supervisory Board, says: “We are pleased to nominate Rogier as the new CFO and member of the Management Board of Avantium. His international background, strong leadership, and deep experience across corporate finance, transformational growth and global operations make him well suited to support Avantium’s next phase of development. His breadth of experience in listed and global environments will help support our commercialisation and licensing strategy, and our trajectory towards EBITDA profitability. We very much look forward to working with him. On behalf of the Supervisory Board, I would also like to thank interim CFO René Ploegsma for his hard work and valuable contributions to Avantium.” 

The meeting documents for the Annual General Meeting on 12 May 2026 will be published on the Avantium website in due course. 

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO2). The most advanced technology is the YXY® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands. Avantium works in partnership with like-minded companies around the globe to 
develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX) Its offices and headquarters are in Amsterdam, the Netherlands.

For more information: 

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com 

Aarne Luten, Director Investor Relations 
+31-625687714 
ir@avantium.com

Commissioning and start-up at the FDCA Flagship Plant is progressing, with utilities and the sugar dehydration unit already operational and work now focused on starting up the oxidation and purification units. During the commissioning activities of those units, construction-related quality issues were identified in certain titanium welds in the piping, representing a safety risk for start-up and operations. Additional inspections over the past period provided a clearer picture of the extent of the issue, showing that more remediation work was required than initially expected and that the previous timeline was therefore no longer achievable.

The titanium weld remediation will result in an additional €7 million in capital expenditure. Avantium is reviewing its contractual and legal options to potentially secure compensation for these unexpected cost increases and delays.

Hero de Jager, interim Chief Operating Officer of Avantium, comments: “We are taking all necessary measures to ensure a safe, reliable and high-quality start-up of the FDCA Flagship Plant. With the weld repair program underway and commissioning progressing well across all parts of the plant, we have a clear plan to complete start-up by mid-2026. This will enable us to begin commercial product sales in the second half of 2026.”

About Avantium
Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:
Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Director Investor Relations
+31-625687714
ir@avantium.com  

Achieving all three ISO certifications demonstrates Avantium’s strong commitment to operating responsibly: reducing environmental impact (ISO 14001), ensuring a safe and healthy working environment (ISO 45001), and delivering consistent, high‑quality performance across our operations (ISO 9001). This achievement reflects the dedication of our teams and supports our ambition to scale our sustainable technology for the production of FDCA with the highest standards of operational discipline.

“Receiving these certifications is a testament to the hard work of our people and the values that guide Avantium,” said Nanda Weitering, Quality Manager at Avantium. “Safety and sustainability are at the heart of how we operate every day, and these standards strengthen the foundation on which we are helping to build a fossil‑free chemical industry.”

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Director Investor Relations
+31-625687714
ir@avantium.com  

Packamama is internationally recognised for its lightweight, shatterproof, and fully recyclable bottles, which significantly reduce carbon emissions compared to traditional glass bottles. The company’s distinctive flat-pack bottle design optimises space efficiency in transport and storage, further reducing emissions across the supply chain. Currently made from 100% recycled PET (rPET), Packamama’s bottles support circularity and sustainability in the wine sector.

With the introduction of releaf^®, Packamama takes sustainable innovation in wine packaging to another level. Releaf^® offers a unique sustainability advantage: it is plant-based, recyclable, and delivers a significantly lower carbon footprint than traditional materials such as glass or conventional, virgin plastics. Beyond its environmental benefits, releaf^® provides superior barrier properties that protects wine quality, making it an ideal choice for premium, sustainable packaging.

To support this development, Packamama has secured an AU$1 million grant from the Australian government. This grant, which Avantium supported, was awarded under the Business Research and Innovation Initiative (BRII), provided to support Packamama’s efforts to decarbonize Australian wine packaging. This international recognition and governmental support underscore the growing global interest in sustainable wine packaging solutions.

“Packamama is delighted to partner with Avantium to bring the plant-based polymer releaf^® into our wine bottle solutions,” said Santiago Navarro, CEO & Founder at Packamama. “We have been searching for a material that meets our performance standards and sustainability requirements, and is made from plants. We believe that releaf^® offers a unique combination of high performance, environmental responsibility, and appealing consumer messaging.”

Bineke Posthumus, Commercial Director at Avantium, commented: “Packamama’s innovative approach to wine packaging and commitment to sustainability make them an ideal partner for Avantium. Their decision to test and adopt releaf^® is a strong endorsement of our material’s potential to transform to iconic, premium packaging applications. We look forward to working closely with Packamama to drive meaningful progress in sustainable packaging.”

About Packamama

Packamama is a climate tech company advancing wine packaging for a low-carbon future. Our multi award-winning, eco-flat bottles – made from our unique material mix of recycled PET and performance-enhancing additives – save space, weight and energy, slashing emissions by more than half compared to traditional glass bottles. They excite consumers, protect wine brilliantly, and are easy to recycle. But this is just the beginning. Built for a circular economy, Packamama is developing a broader portfolio of climate-friendly packaging innovations to help transform the wine industry. Through our IP-protected technologies and multinational production network – spanning the UK, Australia, Belgium, South Africa, and soon the US – we partner with forward-thinking producers and retailers to deliver practical, scalable solutions. At Packamama, we believe packaging can be a powerful force for good – and we’re here to prove it. 

More information: https://www.packamama.com

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Director Investor Relations
+31-625687714
ir@avantium.com  

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:
Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com  

Logoplaste is recognized for its expertise in injection molding and blow molding, delivering innovative, high-performance packaging across a wide range of applications. The company’s focus on advanced barrier properties and sustainability aligns with Avantium’s pioneering work in releaf®, a plant-based polymer designed for circular, high-performance packaging. As strategic partners within the Bottle Collective - a consortium that includes leading brand owners such as Diageo, Opella (formerly Sanofi), and Haleon - Logoplaste and Avantium have already contributed to advancements in recyclable fiber-based packaging. This new agreement is designed to accelerate Logoplaste’s innovation pipeline, enabling the development of next-generation packaging solutions that reach beyond the Bottle Collective fiber bottles. 

Under the now signed capacity reservation agreement, Logoplaste reserves future volumes of releaf® from licensed plants utilizing Avantium’s proprietary YXY® Technology for releaf® production. This reservation supports Logoplaste’s innovation pipeline for releaf®-enabled packaging and anticipates increasing demand for releaf® material upon successful completion of product validation. Paulo Correia, Chief Technology Officer at Logoplaste, said: “This agreement is a testament to our shared commitment to driving innovation in sustainable packaging. By securing future volumes of Avantium’s releaf®, we are able to accelerate the development of advanced packaging solutions with outstanding barrier properties, supporting our customers’ ambitions for circularity and performance across a wide range of applications.” 

Bineke Posthumus, Director Business Development at Avantium, commented: “We are excited to deepen our collaboration with Logoplaste as a strategic partner. The capacity reservation agreement reflects the growing momentum behind releaf® as a key material for next-generation, high-performance packaging. Together, we are paving the way for scalable solutions that combine renewable materials with outstanding functionality.”

About Logoplaste

From the very beginning, Logoplaste has innovated constantly to reduce waste, increase efficiency, and create a sustainable business model that can weather revolutionary change and thrive. Our Wall to Wall, embedded manufacturing model has proven itself as a smarter way of doing business that benefits our customers and the world. Our plants double as flourishing idea labs that are lowering CO₂ emissions, ending packaging waste, and making the world a better place. Every day, we rebel against the norm and reinvent what’s been done before so that we can lead the changes our industry must make. We're dedicated to working together - with our clients and our competitors, our local communities and governments - to build a better, healthier, sustainable future for the next generation. This legacy is more than words on a page. It is our duty.

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com 

CPBR is the Japanese industry body responsible for promoting and evaluating the recycling of PET bottles. CPBR sets voluntary design guidelines for PET bottles and conducts thorough evaluations of new materials to ensure compatibility with Japan’s advanced recycling systems. Approval from CPBR is essential for any new material to be accepted into the Japanese PET bottle recycling stream, helping maintain the integrity and efficiency of the country’s recycling infrastructure. 

Following a rigorous evaluation process, CPBR has assessed Avantium’s PEF, marketed under the releaf^® brand, for use as a barrier layer in multilayer PET bottles. The CPBR report confirms that PEF can be safely and effectively recycled within the existing PET stream at concentrations up to 10% weight. The material met key tests for physical, chemical, and processability criteria, and complies with Japan’s Positive List system for food contact plastics, the Standards and Criteria for Foods and Additives issued by Japan’s Ministry of Health, Labour and Welfare, as well as FDA regulations. The overall recyclability rating for PEF-containing bottles was ranked “A”, indicating full suitability for bottle-to-bottle recycling. The CPBR approval in Japan follows similar recycling recognitions in Europe (by the European PET Bottle Platform) and the USA (by the Association of Plastic Recyclers). These endorsements empower brand owners and converters to confidently adopt PEF as a barrier layer, supporting the beverage industry’s transition to renewable, high-performance, and recyclable packaging. 

Yuzhong Chen, Business Development Manager Asia of Avantium, said: “We sincerely thank all the companies in Japan that supported Avantium during the CPBR assessment. Their collaboration was vital in demonstrating that releaf^® can be successfully recycled within Japan’s PET bottle stream while preserving high material quality. This joint effort underscores a shared commitment to advancing plant-based, recyclable packaging solutions in Japan.”  

About Avantium 

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.  

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.  

For more information:  

Caroline van Reedt Dortland, Director Communications 
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com 

Aarne Luten, Head of Investor Relations 
+31-625687714 
ir@avantium.com 

The parties aim to form a European consortium, with plans to expand by including additional strategic partners over time. The consortium intends to build and operate the first industrial-scale facility in Europe based on Avantium’s proprietary YXY^® Technology, converting plant-based feedstock into FDCA (furandicarboxylic acid) and FDCA-based polymers, such as releaf^®. The project takes advantage of Tereos’ plant-based feedstock, Avantium’s proprietary YXY^® Technology, while demand will be driven by partners including LVMH Gaïa.  

This strategic initiative builds on the long-standing collaboration between Avantium, Tereos, and LVMH within the EU-supported PEFerence consortium, which accelerates the shift from fossil-based to plant-based polyesters. It aligns with Tereos’ ambition to develop green chemistry future value chains and Avantium’s goal to license its YXY^® Technology globally. It also supports the objectives of LVMH’s LIFE 360 environmental program, which includes the ambition to progressively eliminate fossil-based plastics from packaging. This initiative is a concrete step in that direction. 

Olivier Leducq, CEO of Tereos, comments: “We are proud to strengthen our collaboration with LVMH and Avantium. Tereos has made strong commitments for regenerative agriculture and decarbonization from the field to finished products, which are reflected in our Cultivate Net Zero customer offer. Today, our partnership marks a new step in the development of sustainable solutions for green chemistry markets.” 

“LVMH Gaïa was created to bring science and innovation at the service of sustainability across the LVMH Group. Our partnership with Avantium has already demonstrated the potential of renewable materials in luxury packaging. With this new step, we reinforce our LIFE 360 commitments, in particular our ambition to eliminate fossil-based plastics from packaging, while maintaining the highest standards of performance and aesthetics”, adds Claude Martinez, President and CEO of LVMH GAÏA. 

Tom van Aken, CEO of Avantium, says: “This partnership with LVMH and Tereos is an exciting step in our journey to bring releaf^® to market at scale. It builds on our successful existing collaboration and reflects a shared commitment to accelerating the transition to renewable materials. By uniting expertise across luxury, agriculture, and green chemistry, we are not only advancing circular innovation but also laying the groundwork for a European industrial ecosystem that supports sustainable packaging and textile solutions.”  

About Tereos 

The Tereos cooperative group, a union of 10,300 cooperative members, has recognized know-how in the processing of sugar beet, sugarcane, cereals and alfalfa. Operating from 38 industrial sites, with operations in 14 countries and with 15,600 committed employees, Tereos supports its customers as close to their markets as possible, with a broad and complementary range of products. Driven by its purpose “Cultivating a shared future for the Earth and Humankind by meeting essential daily needs”, the cooperative is one of the 50 most committed companies in terms of emissions linked to forests, land and agriculture. In 2024, Tereos committed to a decarbonization roadmap validated by SBTi’s FLAG Corporate Net-Zero Standard. 

About LVMH 

LVMH (Moët Hennessy Louis Vuitton) is the world’s leading luxury goods group. Its portfolio comprises over 75 prestigious brands across fashion, cosmetics, wines & spirits, watches & jewelry, and selective retailing. LVMH GAÏA is the LVMH Group’s open, transdisciplinary scientific research and innovation organization, created in 2023 to address the environmental and technological challenges of the luxury industry. It brings together experienced scientists, engineers, and internal experts to conduct both fundamental and applied research. The goal is to develop sustainable materials, techniques, and experiences that align with the LVMH Group’s LIFE 360 environmental strategy. 

About Avantium 

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name Releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.  

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.  

For more information: 

Caroline van Reedt Dortland, Director Communications 
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com 

Aarne Luten, Head of Investor Relations 
+31-625687714 
ir@avantium.com 

AMSTERDAM, 18 September 2025, 07:00 hrs CEST – Avantium N.V. (the “Company”, “Avantium” or the “Group”) today announces it has raised a total of €84.8 million through the successful completion of its equity raise by means of a fully underwritten and committed rights offering for an amount of €65.4 million, and the completion of a €19.4 million Additional Placement, which includes the €15.0 million placement of new ordinary shares to the State of the Netherlands, represented by the Ministry of Climate Policy and Green Growth. 

• Avantium herewith secures funding to cover its financing requirements and to ensure that the Group remains properly capitalised until it reaches EBITDA break-even, expected in 2027 
• Gross proceeds from the rights offering amount to €65.4 million, resulting in the issue of 12,103,283 new ordinary shares 
• At the end of the subscription period on 17 September 2025, total demand reached 14,010,507 shares, representing an oversubscription rate of 115.6% 
• Of this total, 10,536,570 shares were subscribed through the rights offering, representing a take-up rate of 87.1% 
• Gross proceeds from the additional placement of €19.4 million, resulting in the issue of 3,319,385 new ordinary shares 
• The State of the Netherlands, represented by the Ministry of Climate Policy and Green Growth (Ministerie van Klimaat en Groene Groei), funding an investment through INNL Publiek-Private Product Structurering B.V. (jointly, “KGG”), was allocated €15.0 million worth of shares at the issue price 
• VP Capital N.V. and Ambassador Vermogensbeheer B.V., who have acted as cornerstone investors, were allocated €4.8 million worth of shares at the issue price (in addition to their allocation under the rights offering and the rump offering) 
• Institutional investors were allocated €4.4 million worth of shares at a price of €8.16 per share, equal to the last closing price on 17 September 2025 

Tom van Aken, Chief Executive Officer of Avantium, comments: “We are very pleased with this €84.8 million equity raise, which exceeded our initial expectations. This outcome reflects the confidence in Avantium’s strategy and the shared commitment to accelerate the transition to sustainable materials and pursue the large market potential of FDCA and PEF. This transaction represents a key milestone within the comprehensive funding package announced on 12 August 2025. Together with other funding initiatives, this equity raise ensures that Avantium is well-capitalised as we move towards group-level EBITDA break-even, targeted for 2027. 

We are deeply grateful for the strong support from our longstanding shareholders, whose continued trust is invaluable. The commitments of Invest-NL and the Dutch State, represented by the Ministry of Climate Policy and Green Growth (Ministerie van Klimaat en Groene Groei), have been instrumental in making this transaction a success. We want to thank Sophie Hermans, Minister of Climate Policy and Green Growth, for her leadership and support in realizing the investment by the Dutch State in Avantium. We are also pleased to welcome new investors, including Dutch retail participants, who share our vision for a more sustainable future. 

With MMF production now underway and the final units of our FDCA Flagship Plant progressing through start-up, commercial operations are expected to begin in the first quarter of 2026. That will be the moment when our 100% plant-based and circular material PEF, branded as releaf^®, starts to reach consumers and becomes a commercial reality. We are entering a transformative new chapter of the Company, defined by innovation, scale, and impact. We are proud to move forward with the continued trust of our shareholders and the enthusiasm of new investors as we build a more sustainable future together.” 

About Avantium 

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercialises innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands. Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.  

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.  

This press release by Avantium N.V. contains information that qualifies as inside information within the meaning of section 7(1) of Regulation (EU) No 596/2014 on market abuse. 

Forward-looking information / disclaimer 

This press release may include forward-looking statements. Other than reported financial results and historical information, all statements included in this press release, including, without limitation, those regarding our financial position, business strategy and management plans and objectives for future operations, are forward-looking statements. These forward-looking statements are based on our current expectations and projections about future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Avantium’s ability to control or estimate precisely, such as future market conditions, the behaviour of other market participants and the actions of governmental regulators. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release and are subject to change without notice. Other than as required by applicable law or the applicable rules of any exchange on which our securities may be traded, we have no intention or obligation to update forward-looking statements. 

Any securities mentioned herein are not and will not be registered under the U.S. Securities Act of 1933, as amended (the Securities Act), and may not be offered or sold in the United States absent registration or unless pursuant to an applicable exemption from the registration requirements of the Securities Act. The Company has no intention to register any part of the offering in the United States or make a public offering of securities in the United States. 

For more information:

Media:
Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Investor Relations:
Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com

ADVERTISEMENT. This announcement is an advertisement relating to the intention of the Company to proceed with the Offering and the admission to listing and trading of the Rights, the Offer Shares and the Additional Shares (each as defined below) (the Admission). This announcement does not constitute a prospectus. This announcement is for information purposes only and does not constitute, or form part of, an offer by, or invitation by or on behalf of, the Company or any representative of the Company to purchase any securities, or an offer to sell or issue, or the solicitation to buy, securities by any person in any jurisdiction where to do so would constitute a violation of the applicable laws or regulations of such jurisdiction. Further details about the Offering are included in the prospectus for the purposes of the Admission and is approved as such under the respective regulation by the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financiële Markten, the AFM) on 4 September 2025 and available as of today (the Prospectus). The Prospectus has been published and made available at no cost through the website of the Company (prospectusavantiumrightsoffering2025.pdf), subject to securities law restrictions in certain jurisdictions. Potential investors should read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the Rights, the Offer Shares or the Additional Shares. The approval of the Prospectus by the AFM should not be understood as an endorsement of the quality of the Rights, the Offer Shares or the Additional Shares. 

AMSTERDAM, 4 September 2025, 08:00 hrs CEST – Avantium N.V. (the “Company”, “Avantium” or the “Group”) today announces the launch of a capital increase by means of a fully committed and underwritten rights offering, for an amount of €65 million, which is expected to meet the conditions related to the comprehensive financing package as announced on 12 August 2025 (refer to Previous Announcements on page 12 of this press release) and aims to ensure that Avantium remains sufficiently financed until it reaches EBITDA break-even.  

• 11 for 8 rights offering of 12,103,283 ordinary shares at an Issue Price of €5.40 per Offer Share 
• Cornerstone investments and irrevocable shareholder commitments of €12.25 million, including from long-term shareholders VP Capital NV, Pieter Kooi Holding B.V. and Navitas B.V., representing 18.7% of the offering 
• The balance of the Offering has been fully underwritten for an aggregate amount of €52.75 million (the “Underwriting”) 
• The Issue Price represents a discount of 40.0% to the theoretical ex-rights price based on the closing price of €13.95 on Euronext Amsterdam on 3 September 2025 
• Ex-rights Date: 5 September 2025 
• Rights trading period: from 9:00 CEST on 5 September 2025 to 17:36 CEST on 15 September 2025 
• Record Time: 17:40 CEST on 8 September 2025 
• Exercise Period: from 9:00 CEST on 5 September 2025 to 17:45 CEST on 17 September 2025 

Tom van Aken, Chief Executive Officer of Avantium, comments: “Avantium has entered a pivotal phase in its journey. The successful start-up of the sugar dehydration unit - the largest part of our FDCA Flagship Plant – as announced on 29 August 2025 marks a key technical achievement in the phased commissioning and start-up of the facility. This unit converts plant sugars into MMF, a vital intermediate in the FDCA production process, and we are proud to report that MMF is now being produced successfully. With our utility systems already operational, we are now progressing with the commissioning and start-up of the final two units. 

We anticipate commercial operations to begin in the first quarter of 2026, bringing us to the exciting moment when our 100% plant-based and circular material, PEF - branded as releaf^® - will reach consumers and become a true commercial reality. This is backed by strong commercial traction, with 20 partners already committed through signed offtake agreements from our FDCA Flagship Plant. This progress is made possible by broad support from our longstanding shareholders, public partners and other stakeholders. Their support reflects deep confidence in our FDCA/PEF technology and our mission to lead the transition to renewable and circular chemistry.  

This equity raise is a key part of the comprehensive funding package announced on 12 August 2025. Along with other funding initiatives, this equity raise is expected to cover Avantium’s financial needs and help keep the Company well-funded until it reaches group-level EBITDA break-even, which is expected in 2027. We are grateful for the continued trust of our longstanding shareholders and are especially pleased with the continued support of Invest-NL as well as the support of the Dutch State, represented by the Ministry of Climate Policy and Green Growth (Ministerie van Klimaat en Groene Groei), which has committed to act as one of the underwriters for this equity raise and has agreed to subscribe via private placement for any portion of the €15 million underwriting not used in the offering. We warmly welcome both our existing shareholders and new investors who share our ambition to build a more sustainable future through innovation.” 

For more information:

Media:
Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Investor Relations:
Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com  

DISCLAIMER 

These materials are not for release, distribution or publication, whether directly or indirectly and whether in whole or in part, in or into the United States, Canada, Australia or Japan or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. 

These materials are for information purposes only and are not intended to constitute, and should not be construed as, an offer to sell or a solicitation of any offer to buy the securities of Avantium N.V. (the Company, and such securities, the Securities) in the United States, Canada, Australia or Japan or in any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of such jurisdiction.  

This announcement is not for publication or distribution, directly or indirectly, in or into the United States. This announcement is not an offer of securities for sale into the United States. The Securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States. No public offering of securities is being made in the United States.  

The Company has not authorised any offer to the public of Securities in any Member State of the European Economic Area and the United Kingdom other than the Netherlands. With respect to any Member State of the European Economic Area and the United Kingdom, other than the Netherlands (each a Relevant 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 Relevant Member State. As a result, the Securities may only be offered in Relevant Member States (i) to any legal entity which is a qualified investor as defined in section 2(e) of the Prospectus Regulation; or (ii) in any other circumstances falling within section 1(4) of the Prospectus Regulation. For the purpose of this paragraph, the expression "offer of securities to the public" means the communication in any form and by any means of sufficient information on the terms of the offer and the Securities to be offered so as to enable the investor to decide to purchase or subscribe for the Securities and the expression "Prospectus Regulation" means Regulation (EU) 2017/1129 and includes any relevant delegated regulations.  

No action has been taken by the Company that would permit an offer of Securities or the possession or distribution of these materials or any other offering or publicity material relating to such Securities in any jurisdiction where action for that purpose is required.  

The release, publication or distribution of these materials in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which they are released, published or distributed, should inform themselves about, and observe, such restrictions. 

These materials may include statements, including the Company’s financial and operational medium-term objectives that are, or may be deemed to be, ''forward-looking statements''. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms ''believes'', ''estimates'', ''plans'', ''projects'', ''anticipates'', ''expects'', ''intends'', ''may'', ''will'' or ''should'' or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company’s current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company’s business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward-looking statements speak only as of the date they are made.  

Each of the Company, as well as the Underwriters, including Joint Global Coordinators and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in these materials whether as a result of new information, future developments or otherwise.  

The Underwriters, including the Joint Global Coordinators are acting exclusively for the Company and no one else in connection with any offering of Securities. They will not regard any other person as their respective clients in relation to any offering of Securities and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients nor for providing advice in relation to any offering of Securities, the contents of these materials or any transaction, arrangement or other matter referred to herein. None of the Underwriters or any of their respective subsidiary undertakings, affiliates or any of their respective directors, officers, employees, advisers, agents, alliance partners or any other entity or person accepts any responsibility or liability whatsoever for, or makes any representation, warranty or undertaking, express or implied, as to the truth, accuracy, completeness or fairness of the information or opinions in these materials (or whether any information has been omitted from these materials) or any other information relating to the group, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of these materials or its contents or otherwise arising in connection therewith. Accordingly, the Underwriters disclaim, to the fullest extent permitted by applicable law, all and any liability, whether arising in tort or contract or that they might otherwise be found to have in respect of these materials and/or any such statement.  

This announcement does not constitute a prospectus. An offer to acquire Securities pursuant to the proposed offering will be made, and any investor should make his investment, solely on the basis of information that will be contained in the prospectus to be made generally available in the Netherlands in connection with such offering. When made generally available, copies of the prospectus may be obtained at no cost from the Company or through the website of the Company. 

In connection with the Offering, each of the Underwriters and any of their affiliates, may take up a portion of the Securities in the Offering as a principal position and, in that capacity, may retain, purchase, sell, offer to sell for its own account such Securities and other securities of the Company or related investments in connection with the Offering or otherwise. In addition, each of the Underwiters and any of their affiliates may enter into financing arrangements (including swaps or contracts for differences) with investors in connection with which each of the Underwriters and any of their affiliates may from time to time acquire, hold or dispose of Securities. None of the Underwriters or their affiliates intends to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so.  

Information to distributors  

Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended (MiFID II); (b) sections 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the MiFID II Product Governance Requirements), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the Securities subject to the Offering have been subject to a product approval process, which has determined that such Securities are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the Target Market Assessment).  

Notwithstanding the Target Market Assessment, "distributors" (for the purposes of the MiFID II Product Governance Requirements) should note that: the price of the Securities may decline and investors could lose all or part of their investment; the Securities offer no guaranteed income and no capital protection; and an investment in the Securities is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Offering.  

For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the Securities.  

Each distributor is responsible for undertaking its own target market assessment in respect of the Securities and determining appropriate distribution channels. 

Tom van Aken, Chief Executive Officer of Avantium: "We have achieved a successful start-up of the sugar dehydration unit, the largest and most critical part of our FDCA Flagship Plant, and this marks a key technical achievement in the phased commissioning and start-up of the FDCA Flagship Plant. This unit converts plant sugars into MMF, a key intermediate in the FDCA production process, and we are proud to say MMF is now being produced successfully. With our utility systems already operational, we’re now moving ahead with commissioning and starting up the oxidation and purification units. Sales under the offtake agreements are now expected to commence in the first quarter of 2026. 

We’re seeing strong commercial traction, having secured 20 offtake agreements and 7 capacity reservations to date. This momentum is further strengthened by key regulatory approvals and strong financial support. In recent months, Avantium has secured €20 million in new financing from the Province of Groningen, Invest-NL, and a consortium of lenders, of which €10 million is intended to be repaid from proceeds of the equity raise which we launch today. We also reached an agreement with our lenders to amend the terms of our existing Debt Financing Facilities, resulting in substantially improved conditions that support long-term cash preservation through lower cash interest rates and reduced repayment obligations. Today, we are launching a fully committed and underwritten €65 million equity raise, with €12.25 million in cornerstone investments and pre-commitments already secured. We are especially grateful for the support of the Dutch State, represented by the Ministry of Climate Policy and Green Growth, which underscores the relevance of our innovation in helping to tackle the pressing societal challenges posed by plastic production and waste. 

This broad-based support from public and private partners demonstrates the confidence in our FDCA/PEF technology and will help bring PEF to market, making it a commercial reality and putting it into the hands of consumers in the near future.” 

For more information:

Media:
Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Investor Relations:
Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com  

The FDCA Flagship Plant, located at Chemie Park Delfzijl, is the first of its kind and is designed to produce up to 5 kilotonnes of FDCA per year. Construction was completed in October 2024, and Avantium has been gradually commissioning and starting up different parts of the facility.

The SDH unit is the largest part of the plant and plays a crucial role by converting plant sugars into methoxymethyl furfural (MMF), an important intermediate in the FDCA production process. MMF is now successfully being produced in the SDH unit. The successful start-up of the SDH follows the FDCA Flagship Plant’s utility and auxiliary systems, such as the tank farm and steam systems, which were put into operation earlier this year.

With the SDH unit now operational, the next steps include the finalization of commissioning and sequential start-up of the remaining units that handle oxidation and purification. Avantium has identified quality issues in the piping and certain electrical components. These will be repaired or replaced to ensure a safe and reliable start-up of the remaining units.

The FDCA produced at the FDCA Flagship Plant will be polymerized by tolling partner Selenis, using biobased mono-ethylene glycol (MEG), to create PEF. Following performance testing and regulatory validation for food contact applications, Avantium  now expects to begin commercial sales under existing offtake agreements in the first quarter of 2026, with plans to reach full production capacity within 24 months.

“This milestone is a tremendous accomplishment for the team and a major step forward on our path to commercializing FDCA and PEF,” said Bram Hoffer, Chief Operations Officer at Avantium. Jeroen Vogelzang, Flagship Plant Manager, added: “I’m incredibly proud of what we’ve achieved together, including our unwavering commitment to safety as the start-up process continues. Thie successful start-up is a major demonstration of the scalability of our YXY technology.”

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name Releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com  

Comprehensive Funding Package

Avantium aims to secure a comprehensive funding package, combining government investments, equity and amended debt terms, to finance its path to profitability. A key element is now the agreed extension and amendment of its Debt Financing Agreement with its Lenders, subject to a successful equity raise. Upon completion of the equity raise, Avantium will cancel the remaining €14.1 million debt commitment by the Lenders in exchange for substantially improved terms, which are designed to enhance long-term cash preservation through materially lower interest rates and reductions in repayment obligations. The key amendments include:

• Extension of the loan maturity date to 30 June 2028 (from 31 March 2026).
• Lower interest rates, with part of the cash interest converted to payment-in-kind, subject to key milestones.
• Issuance of warrants connected to the extension of the loan maturity, with a value of approximately €2.5 million, with the warrant price calculated based on the 30-day VWAP of Avantium’s shares ending on 12 August 2025. All outstanding warrants held by the Lenders (excluding ASN) will be subject to a lock-up period ending 180 days after the completion of the equity raise.

Avantium plans to launch an equity raise in September 2025. Avantium has secured conditional support from Invest-NL to act as an underwriter for the equity raise and is currently in active discussions with a number of financial institutions and investors to obtain further support in the form of underwriting and pre-commitments. Full details will be provided in a forthcoming prospectus.

Rescheduling of 2025 Half-Year Results Publication

To align with the equity raise, Avantium will publish its 2025 Half-Year Results in September alongside the prospectus for the planned equity raise, instead of on 13 August 2025, ensuring that stakeholders receive a consistent and complete financial update.

Leadership Update

Following the agreement on the amendment to the Debt Financing Agreement, interim CFO Bert Cornelese has stepped down and is succeeded with immediate effect by interim CFO René Ploegsma.

René Ploegsma is a seasoned CFO and entrepreneurial finance leader with over 25 years of experience. He has a strong track record in professionalizing finance functions, leading M&A and fundraising processes, and aligning finance with strategic business objectives. He previously served as CFO at companies including MCPV Nederland and LeydenJar Technologies, and held interim executive roles at, amongst others, Essent N.V.

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercialises innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

This press release by Avantium N.V. contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR).

Forward-looking information / disclaimer

This press release may include forward-looking statements. Other than reported financial results and historical information, all statements included in this press release, including, without limitation, those regarding our financial position, business strategy and management plans and objectives for future operations, are forward-looking statements. These forward-looking statements are based on our current expectations and projections about future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Avantium’s ability to control or estimate precisely, such as future market conditions, the behaviour of other market participants and the actions of governmental regulators. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release and are subject to change without notice. Other than as required by applicable law or the applicable rules of any exchange on which our securities may be traded, we have no intention or obligation to update forward-looking statements.

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com  

This short-term debt is expected to be repaid through the proceeds from a future planned equity raise. This financing follows the €10 million package secured in June 2025 from the Province of Groningen and a consortium of lenders (ABN AMRO, ASN, ING, Rabobank, and Invest-NL).

Avantium is actively progressing towards a future planned equity raise and is currently engaged in advanced discussions with its Lenders and several government institutions in relation to a long-term funding package.

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercialises innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

This press release by Avantium N.V. contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR).

Forward-looking information / disclaimer

This press release may include forward-looking statements. Other than reported financial results and historical information, all statements included in this press release, including, without limitation, those regarding our financial position, business strategy and management plans and objectives for future operations, are forward-looking statements. These forward-looking statements are based on our current expectations and projections about future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Avantium’s ability to control or estimate precisely, such as future market conditions, the behaviour of other market participants and the actions of governmental regulators. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release and are subject to change without notice. Other than as required by applicable law or the applicable rules of any exchange on which our securities may be traded, we have no intention or obligation to update forward-looking statements.

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com  

As a 100% plant-based and high-performance monomer, FDCA is emerging as a promising building block for sustainable materials. PLIXXENT has positively evaluated its application in polyester polyols and derived insulation polyurethane foams. FDCA-based insulation foam offers significant environmental benefits compared to traditional petrochemical-based foams, aligning with the increasing demand for eco-friendly building materials. It also demonstrates excellent performance in terms of thermal conductivity and flame behavior, both essential for effective insulation. Additionally, FDCA provides mechanical strength and dimensional stability, ensuring that the foam retains its structure and effectiveness over time. 

Jörg Schottek, CEO of PLIXXENT, commented: “We are excited to collaborate with Avantium and integrate FDCA into our insulation foam products. This partnership aligns with our commitment to sustainability and innovation, providing our customers with high-performance, environmentally friendly solutions.” 

Tom van Aken, CEO of Avantium, added: “This offtake agreement with PLIXXENT marks our first step into the building materials sector and showcases the versatility of FDCA. It also demonstrates the growing interest in FDCA across various high-value applications, industries, and geographies. We're pleased to see how these sustainable materials can revolutionize everyday products and contribute to a greener future.” 

About PLIXXENT 

PLIXXENT is Europe’s leading independent polyurethane systems house, dedicated to advancing polyurethane technology and creating bespoke solutions tailored to various industries. For example in the Construction industry sustainable insulation innovations is key to building a greener future. Polyurethane systems are widely used in construction to improve energy efficiency, durability, and appearance. They also help reduce CO₂ emissions, lower energy costs, and increase indoor comfort. Beyond buildings, polyurethane systems are used in various industries such as energy, footwear, appliances, furniture, automotive and much more, offering versatile and eco-friendly solutions. 

Founded in 2019 and headquartered in Hamburg, Germany, PLIXXENT specializes in the development, production, and processing of polymer materials for a wide range of applications. With a focus on sustainability, PLIXXENT aims to reduce the need for fossil fuels and achieve a positive lifetime energy balance through innovative products. The company prides itself on its flexibility, creativity, and reliability, offering comprehensive services from initial consultation to after-sales support. 

About Avantium 

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercialises innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name Releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.  

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.  

For more information:  

Avantium: 

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com  

 Aarne Luten, Head of Investor Relations
+31-625687714 
ir@avantium.com

 PLIXXENT B.V.: 
T: +31598317911 
info@plixxent.com 
www.plixxent.com 

Japan introduced its Positive List (PL) system for synthetic resins in 2020 to ensure that only safe, approved substances are used in food-contact materials. The now implemented Positive List system places clear emphasis on the individual components used to produce plastics for food packaging. With FDCA now included on Japan’s Positive List, PEF can be more broadly adopted for sustainable food packaging across the Japanese market. This builds on existing food contact approvals already granted in Europe and the United States.

“This is an important milestone for Avantium’s FDCA and PEF,” said Ana Sousa Dias, Manager Product Stewardship and Regulatory Affairs at Avantium. “The implementation of the Positive List with FDCA not only validates the safety of our innovative materials, but also paves the way for broader adoption of PEF in food packaging in Japan. It marks an exciting step forward in bringing circular and renewable solutions to one of the world’s most advanced markets.” 

About Avantium 

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercialises innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands. 

For more information:  

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com  

 Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com 

Avantium’s PEF (polyethylene furanoate), branded as releaf^®, can be used in fully plant-based monolayer PEF bottles, but also has advantages in combination with PET (polyethylene terephthalate). For example, PEF can be used in multilayer PET bottles as a barrier material when the required shelf life cannot be guaranteed by a single layer of PET. Currently, many multilayer PET bottles include nylon as a barrier, which is known to cause issues when recycled within the PET recycling stream. Due to its excellent barrier properties and its close resemblance to PET, a PEF layer is an excellent alternative. 

The RecyClass PET Technical Committee evaluated Avantium’s PET/PEF multilayer bottle - containing 10% PEF releaf^® RP90N - through lab tests by PTI-Europe and Plastics Forming Enterprises. Results confirmed full compatibility with PET recycling stream under the conditions outlined in the RecyClass Approval Letter. RecyClass collaborates with the US-based Association of Plastic Recyclers (APR) to harmonize recyclability recommendations and testing procedures. Avantium’s PEF received APR Critical Guidance Recognition in 2023. With both approvals, brand owners can confidently adopt PEF as a recyclable barrier layer. Additionally, RecyClass validation supports favorable acceptance by national producer responsibility organizations (PROs), which oversee compliance with Extended Producer Responsibility (EPR) regulations and determine packaging-related EPR fees. EPR is a policy mechanism that requires producers to, amongst others, pay fees based on recyclability and environmental impact. 

Ingrid Goumans, director Public Affairs at Avantium, comments: “This recognition by RecyClass clearly demonstrates that PEF can be successfully integrated into the PET recycling stream. By offering a 100% high-barrier polyester solution, the PEF/PET multilayer bottle opens new possibilities for sustainable packaging. It gives brand owners and converters the confidence to adopt PEF as a functional barrier layer in their PET applications.” 

  _____________________________________________________________________________

About Avantium 

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name Releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.  

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.  

For more information:  

Caroline van Reedt Dortland, Director Communications
 +31-20-5860110 / +31-613400179 
mediarelations@avantium.com  

Aarne Luten, Head of Investor Relations 
+31-625687714 
ir@avantium.com   

PEF, marketed under the brand name releaf^®, offers a compelling combination of sustainability and performance. It is produced entirely from renewable feedstocks and is recyclable, making it a circular alternative to fossil-based plastics. PEF has a significantly lower carbon footprint than PET, glass and aluminum and provides superior barrier properties against oxygen, CO₂, and water vapor. These features extend product shelf life and reduce food waste, while the mechanical features of PEF also enable lightweighting and design flexibility in packaging applications.

Hordijk is known for its commitment to innovation and sustainability in the packaging industry. By incorporating PEF into its product portfolio, Hordijk aims to further reduce the environmental footprint of its packaging while enhancing performance characteristics such as barrier properties and mechanical strength. The PEF to be supplied under this agreement is expected to be produced at future industrial-scale facilities licensed by Avantium. The multi-year capacity reservation ensures Hordijk preferred access to PEF volumes, supporting its long-term sustainability goals and enabling the development of next-generation packaging formats.

Rik Hennink, CEO at Hordijk says: “At Hordijk, we are constantly looking for ways to innovate and reduce our environmental impact. Partnering with Avantium to secure access to PEF aligns perfectly with our sustainability roadmap. We believe that PEF’s unique properties will allow us to offer our customers packaging solutions that are not only high-performing but also future-proof.”

Bineke Posthumus, Commercial Director at Avantium, comments: “This collaboration with Hordijk underscores the growing demand for high-performance, plant-based materials in the packaging industry. We are proud to support Hordijk’s ambition to lead in sustainable innovation and look forward to seeing PEF-based solutions reach the market.”

About Hordijk
Hordijk is a family-owned company with over a century of experience in packaging innovation. With a strong focus on sustainability, Hordijk develops and manufactures plastic packaging solutions for the food, personal care, pharmaceutical, and horticultural sectors. The company is committed to reducing environmental impact through circular design and material innovation. More information: https://hordijk.nl

About Avantium
Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercialises innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name Releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to create revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:
Avantium: 
Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com  

Hordijk:
Stephanie Potter, Communicatie Adviseur
+31-152511151 / +31-630869965
s.potters@hordijk.nl

Funding to secure short-term financial position
Avantium has previously communicated its strategy to raise additional funding to ensure that it is sufficiently capitalized. The Company is actively exploring various funding options (including equity, debt and government funding) and is in continuous discussions with relevant parties, including its Lenders and several government institutions. Given the ongoing discussions, Avantium has not been in a position to raise additional equity on the capital markets at this time. The Company will make further announcements on the timing of an equity raise when appropriate.

Strategic priorities
In parallel, Avantium has implemented strict cost controls while exploring further funding opportunities. Aligned with the strategic prioritization of its FDCA and PEF technology, the Company has initiated a comprehensive review of all other business units, including the R&D Solutions business unit and the Volta Technology platform. As part of this review, Avantium is engaged in ongoing discussions with external parties regarding a potential (whole or partial) transfer of ownership of Avantium R&D Solutions and Volta Technology. This could involve a full divestment of the associated assets and/or the formation of a partnership with a strategic or financial investor to support the funding of the next phase of technology development.

Warrants
In connection with its debt financing facilities, Avantium has previously granted the Lenders (excluding ASN Bank) rights to subscribe for ordinary shares, convertible into ordinary shares with a 1:1 conversion ratio, for an exercise price equal to the nominal value per ordinary share (currently: €1.00). A warrant holder may choose to exercise warrants on a cashless basis. 

In May 2025, Avantium issued warrants to the Lenders for a value of approximately €12 million, based on the 30-day volume-weighted average share price on 14 May 2025: €0.8776.

An overview of the warrants outstanding as at today is set out below, as adjusted for the share consolidation:

Anti-dilution protection
238,576 of the currently outstanding warrants have anti-dilution protection in respect of future equity raises by Avantium until 31 March 2028. The other outstanding warrants do not have anti-dilution protection in respect of future equity raises by Avantium.

2026 Warrants
In 2026, the Company will grant new warrants to the Lenders (excluding ASN) as part of the debt financing extension. The number of warrants will be based on the warrant value of approximately €2.5 million divided by the 30-day VWAP ending 31 March 2026. These warrants are not included in the overview above.

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

About Avantium
Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercialises innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

This press release by Avantium N.V. contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR).

Forward-looking information / disclaimer
This press release may include forward-looking statements. Other than reported financial results and historical information, all statements included in this press release, including, without limitation, those regarding our financial position, business strategy and management plans and objectives for future operations, are forward-looking statements. These forward-looking statements are based on our current expectations and projections about future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Avantium’s ability to control or estimate precisely, such as future market conditions, the behaviour of other market participants and the actions of governmental regulators. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release and are subject to change without notice. Other than as required by applicable law or the applicable rules of any exchange on which our securities may be traded, we have no intention or obligation to update forward-looking statements.

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com

Avantium’s PEF, branded as releaf^®, is a 100% plant-based, fully recyclable polymer and offers a renewable and circular packaging solution for Hoogesteger’s fresh cold-pressed juices. Releaf^® has a significantly lower carbon footprint compared to traditional plastics like PET, glass, or aluminum. In addition, its oxygen barrier is ten times better than PET, which helps extend the shelf life of products.  

The PEF bottle for Hoogesteger's fresh juices will become available at Albert Heijn, the largest supermarket chain in the Netherlands, once Avantium’s commercial Flagship Plant is operational. It marks the third PEF-based application for Albert Heijn, following collaborations with Royal Vezet for salad bowls and Refresco for juice bottles. This partnership underscores Avantium's commitment to sustainable packaging solutions and Hoogesteger's dedication to delivering high-quality, innovative juices.  

“We are pleased to partner with Avantium to introduce PEF-based bottles for our fresh cold-pressed juices. This collaboration aligns with our mission to deliver high-quality, sustainable products to our customers. We believe that these innovative PEF bottles will enhance the freshness and shelf life of our juices while reducing our environmental footprint," says Charles Arentsen, CEO of Hoogesteger. 

Bineke Posthumus, Commercial Director at Avantium, adds: " We are proud to be expanding our partnership network with Hoogesteger. This agreement highlights the versatility and sustainability of releaf^® as a packaging material. Together, we can provide Albert Heijn's consumers with more sustainable choices and drive the transition to a circular economy." 

Avantium is currently starting up the world’s first commercial plant in Delfzijl for 5 kilotons of FDCA (furandicarboxylic acid), the key component of releaf^®, with sales under the offtake agreements expected to begin in the second half of 2025. Following this, releaf^® production is anticipated to be scaled up through technology licensing to plants of 100 kilotons and beyond, enabling large-scale production of FDCA and releaf^®.  

 About Avantium 

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercialises innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name Releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.  

 Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.  

For more information:   

Caroline van Reedt Dortland, Director Communications 
+31-20-5860110 / +31-613400179
mediarelations@avantium.com  

Aarne Luten, Head of Investor Relations 
+31-625687714 
ir@avantium.com   

HMF is a biobased chemical derived from sugars, such as fructose. Due to its versatility and ability to replace a broad range of conventionally produced building blocks, HMF serves as a key intermediate between biomass and biochemicals. Despite its significant potential, there are currently no large-scale industrial processes to produce HMF. Michelin Engineered Polymers, specialized in developing advanced polymer materials, plans to engineer and construct an industrial-scale HMF plant under the grant program. The grant consortium will also explore a wide range of bio-based sustainable applications for HMF. HMF can for example be used as an intermediate in the production of FDCA. This creates a direct link between Michelin's planned HMF plant and Avantium’s FDCA Technology. The foreseen synergies will help to create an integrated and sustainable European production ecosystem that reduces environmental impact and strengthens the economic resilience of the European chemical industry.

The consortium, known under the name CERISEA[1], has received a €20 million EU Horizon Europe grant in total. Michelin Engineered Polymers will lead the consortium, which includes Avantium and 10 other industry and academic organizations: IFP Energies Nouvelles, ADM Bazancourt SASU, ARKEMA, Kraton Chemical B.V., Université de Technologie de Compiègne (UTC), Centre National de la Recherche Scientifique (CNRS), IFEU - Institut für Energie- und Umweltforschung Heidelberg, Instituto Tecnológico del Embalaje, Transporte y Logística, Energieinstitut an der Johannes Kepler Universität Linz Verein, and Bioeconomy for Change.

¹CERISEA stands for “Competitive production of HMF and derivatives for an Eco-designed and Resilient Industry towards Sustainable European Autonomy”

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name Releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com  

Avantium has developed a proprietary process to produce FDCA (furandicarboxylic acid), the key building block for PEF, branded as releaf^®. Following the completion of the world’s first commercial FDCA plant in Delfzijl, the Netherlands, in October 2024, Avantium has commenced the start-up of the plant. This FDCA Flagship Plant is vital to Avantium's YXY^® Technology licensing strategy, enabling the Company to offer technology licenses to industrial partners and develop projects to produce FDCA and PEF on an industrial scale across the globe. Commercial demand for PEF is a crucial factor in licensing discussions. Over the past year, Avantium has signed multi-year capacity reservation agreements. The agreement with BIOVOX further demonstrates Avantium's ability to meet the commercial demand for FDCA and PEF effectively.

BIOVOX - as a supplier of medical grade renewable polymers and compounds - has evaluated the use of PEF for a variety of pharmaceutical and medical applications. PEF-based pharmaceutical packaging offers significant environmental benefits compared to traditional petrochemical-based materials, aligning with the increasing demand for sustainable solutions in the pharmaceutical industry. PEF is a 100% plant-based, high-performance polymer that can be recycled in existing PET (polyethylene terephthalate) recycling streams, and has a significantly lower carbon footprint than PET. PEF also offers excellent performance advantages over current monomaterial solutions made from PVC, PET or PP. PEF-based packaging has superior barrier properties, which are crucial for protecting pharmaceutical products. Furthermore, PEF provides strong mechanical properties, ensuring that the packaging maintains its integrity and effectiveness over time. Additionally, PEF-based packaging exhibits good chemical resistance, which is important for materials exposed to various environmental conditions.

Dr. Julian Lotz, CEO of BIOVOX, commented: “We are pleased to partner with Avantium and secure access to their innovative PEF material for our customers’ pharmaceutical, medical and laboratory applications. This agreement aligns perfectly with our commitment to remain the leading innovator of healthcare plastics with best-in-class sustainability and highest patient safety.  We look forward to leveraging this cutting-edge material to address demanding critical applications, where renewable polymers have not been able to deliver yet. We can even deliver significant performance advantages over currently used materials which helps to reduce material use further.”

Bineke Posthumus, Commercial Director of Avantium Renewable Polymers added: “This collaboration with BIOVOX marks a significant milestone for Avantium, showcasing the versatility of FDCA and PEF in the pharmaceutical sector.  With PEF from future licensed plants, we are able to offer BIOVOX a high-performance, environmentally friendly solution that meets the stringent demands of pharmaceutical packaging. We look forward to seeing the positive impact of PEF in BIOVOX's applications."

About BIOVOX

BIOVOX is the first company to launch biopolymer based engineering plastics for healthcare, develops and produces sustainable plastic compounds for medical, pharmaceutical, and laboratory applications. The company’s materials are made from renewable resources, are recyclable, and meet the highest regulatory standards, including ISO 13485 quality management certification. Compared to conventional fossil-based plastics, BIOVOX’s solutions reduce the carbon footprint by up to 85% across the entire product lifecycle. Applications include medical disposables, packaging, surgical instruments, and endoscopy devices. BIOVOX developed a great reputation for offering materials with exceptionally high proven safety while reducing the environmental footprint at the same time, they also received multiple awards for innovation.

Read more: https://BIOVOX.systems/en

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com  

The Bottle Collective was launched in 2023 by PA Consulting, the global innovation and transformation consultancy, and PulPac, the Swedish R&D and Intellectual Property company behind the proprietary production process of Dry Molded Fiber. PulPac’s Dry Molded Fiber technology uses renewable pulp and cellulose resources to produce low-cost, high-performance fiber-based packaging. The process uses less CO₂ than plastic and conventional wet molding options, with almost no water used in manufacturing. In 2024, LogoPlaste, global provider of innovative and sustainable rigid packaging solutions, joined as a member of the Bottle Collective. LogoPlaste specializes in injection molding and blowing. The Bottle Collective has already developed the first functioning prototypes. Global leading brand partners including Diageo, Opella,  and Haleon have also joined the Bottle Collective to continue developing and scaling fiber bottles.

Avantium will provide PEF to the Bottle Collective for injection molding and blowing liners for the fiber bottles. PEF is a 100% plant-based, fully recyclable polymer with superior barrier properties, making it an ideal material for sustainable packaging solutions. Beyond its sustainable packaging benefits, Avantium’s PEF has superior barrier properties, protecting the taste and fizziness of the packaged drinks and leading to a longer shelf life. PEF also has higher mechanical strength than conventional plastics, enabling thinner packaging and thereby reducing the amount of material required.

PA Consulting is working to scale up Dry Molded Fiber packaging and bring the bottles to global customers. Keith Thornley, commercial lead for Dry Molded Fiber collectives at PA Consulting, comments: “We’re pleased to have Avantium join us as a technical partner in the Bottle Collective. Avantium’s participation in the Bottle Collective aligns perfectly with our mission to fundamentally change the environmental footprint of packaging.”

Paulo Correia, Chief Technology Officer at Logoplaste, states: "Avantium’s innovative, plant-based polymer PEF offers exceptional sustainability and high-performance benefits for our Dry Molded Fiber bottles. This collaboration highlights our commitment to pioneering sustainable packaging solutions and leveraging cutting-edge materials like PEF to meet the evolving needs of our partners."

Bineke Posthumus, Director Business Development at Avantium, says: “Together with global brand partners such as Opella, Diageo, and Haleon, the Bottle Collective can fast-track the development of world-first Dry Molded Fiber bottles. Our polymer PEF can play a crucial role in enhancing the sustainability and performance of these bottles, offering superior barrier properties and mechanical strength. This partnership aligns perfectly with Avantium's mission to create innovative, plant-based solutions that contribute to a circular economy."

About PA 

We believe in the power of ingenuity to build a positive human future.  As strategies, technologies, and innovation collide, we create opportunity from complexity.  Our diverse teams of experts combine innovative thinking and breakthrough technologies to progress further, faster. Our clients adapt and transform, and together we achieve enduring results. We are over about 4,000 strategists, innovators, designers, consultants, digital experts, scientists, engineers, and technologists. And we have deep expertise in consumer and manufacturing, defence and security, energy and utilities, financial services, government and public services, health and life sciences, and transport. Our teams operate globally from offices across the UK, Ireland, US, Nordics, and Netherlands. 

Discover more at paconsulting.com and connect with PA on LinkedIn and X. PA. Bringing Ingenuity to Life. 

About PulPac

PulPac is the home of Dry Molded Fiber – a pioneer in packaging solutions, pushing the boundaries of what’s possible to do with cellulosic fibers. PulPac aims to replace single-use materials by making its cutting-edge fiber-forming technology available to the world. By bringing together all parts of the packaging industry in an ecosystem of changemakers, PulPac builds on existing businesses and infrastructure – enabling fast scaling of responsibly produced packaging where sustainability is not just a choice but a fundamental principle.

About Logoplaste

From the very beginning, LOGOPLASTE has innovated constantly to reduce waste, increase efficiency, and create a sustainable business model that can weather revolutionary change and thrive.

Our Wall to Wall, embedded manufacturing model has proven itself as a smarter way of doing business that benefits our customers and the world. Our plants double as flourishing idea labs that are lowering CO2 emissions, ending packaging waste, and making the world a better place.

Every day, we rebel against the norm and reinvent what’s been done before so that we can lead the changes our industry must make. We're dedicated to working together—with our clients and our competitors, our local communities and governments—to build a better, healthier, sustainable future for the next generation.

This legacy is more than words on a page. It is our duty.

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercialises innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name Releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com  

AMSTERDAM, 14 May 2025, 18:00 hrs CEST – Avantium N.V., a leading company in renewable and circular polymer materials, announces that its shareholders have approved all items on the agenda of today's Annual General Meeting (AGM). This includes the adoption of the Company's 2024 financial statements. Additionally, Tom van Aken has been re-appointed as a member of the Management Board, and Margret Kleinsman has been re-appointed as a member of the Supervisory Board. PricewaterhouseCoopers has been appointed as the external auditor for the financial year 2025. Furthermore, the shareholders approved a 1:10 share consolidation and designated the Management Board to issue ordinary shares up to the statutory maximum of the authorised share capital, and to limit or exclude pre-emptive rights in respect thereof, for a period of 18 months from the date of this AGM.

The AGM took place on Wednesday 14 May 2025 at Wicked Grounds, Schipluidenlaan 4, 1062 HE Amsterdam, the Netherlands. In total 24,842,236 shares, representing 28.57% of the total number of shares outstanding on the record date of the meeting, were represented at the AGM and voted on the resolutions.

Share consolidation and amendment of the Articles of Association of the Company

The AGM adopted the share consolidation 1:10 and the amendment of the Articles of Association of the Company. Avantium will consolidate 10 shares to 1. This means that 10 (ten) ordinary shares will be consolidated into 1 (one) ordinary share. The purpose of the share consolidation is to increase the market value per ordinary share. With the current share price, any change of only a few cents in the share price immediately translates to a significant percentage value change. Following the share consolidation, the resulting share price will be ten times the previous share price and trading liquidity may improve as a result.

As a result of the share consolidation: (i) 10 ordinary shares (ISIN: NL0012047823) will be consolidated into 1 ordinary share (ISIN: NL0015002IE0), (ii) the nominal value per ordinary shares changes from EUR 0.10 to EUR 1.00 and (iii) the number of shares outstanding changes from 86,960,115 to 8,696,012.

The relevant dates for the share consolidation are as follows:

• Last day of trading in the ordinary shares under the old ISIN: Monday 19 May 2025
• Trading in the consolidated ordinary shares commences under the new ISIN: Tuesday 20 May 2025
• Record time (17:40 CEST): Wednesday 21 May 2025
• Share consolidation effective: Thursday 22 May 2025

The ticker symbol of the ordinary shares will not change and will remain AVTX.

For shareholders who hold a number of shares not divisible by 10 the following will apply. No fractional shares will be issued. Fractional entitlements will be rounded down. All fractional entitlements will be aggregated into a whole number of shares and acquired by the Company. Avantium will sell these shares in the market, and remit the proceeds to the shareholders who would otherwise be entitled to the fractions. The approval of the share consolidation will also include the authorization of the Management Board of Avantium to perform this share acquisition.

For shareholders the share consolidation will be processed by the bank or broker where the shares are registered. In principle, shareholders shall not be required to pay any fee or commission for the execution of the share consolidation. Shareholders holding shares through a bank, broker or other nominee should note that such banks, brokers or other nominees may have different procedures for processing the share consolidation than those that would be put in place by Avantium for shareholders that hold such shares directly, and their procedures may result, for example, in differences in the precise cash amounts being paid in lieu of a fractional share. If you hold your shares with such a bank, broker or other nominee and if you have questions in this regard, you are encouraged to contact your bank, broker or nominee.

Voting results

The agenda items proposed for adoption in the Meeting were voted on as follows:

Agenda item 3

The AGM gave a positive advice on the Remuneration Report 2024.

Agenda item 4

The Financial Statements for 2024 are adopted.

Agenda item 5

The members of the Management Board are discharged for the performance of their duties in the financial year 2024.

Agenda item 6

The members of the Supervisory Board are discharged for the performance of their duties in the financial year 2024.

Agenda item 7

Mr. Tom van Aken is re-appointed as member of the Management Board.

Agenda item 8

Mrs. Margret Kleinsman is re-appointed as member of the Supervisory Board.

Agenda item 9

The AGM adopted the share consolidation 1:10 and the amendment of the Articles of Association of the Company.

Agenda item 10

The AGM designated the Management Board as the corporate body authorized to issue ordinary shares up to the statutory maximum of the authorised share capital, and to limit or exclude pre-emptive rights in respect thereof, for a period of 18 months from the date of this AGM.

Agenda item 11

PricewaterhouseCoopers Accountants N.V. is re-appointed as external auditor for the financial year 2025.

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com  

__________________________________________________________________________

Avantium aandeelhouders keuren alle resoluties goed tijdens de Algemene Vergadering van Aandeelhouders 2025

AMSTERDAM, 14 mei 2025, 18:00 uur – Avantium N.V., een toonaangevend bedrijf in hernieuwbare en circulaire polymeren, kondigt aan dat haar aandeelhouders alle agendapunten van de Algemene Vergadering van Aandeelhouders (AVA) van vandaag hebben goedgekeurd. Dit omvat onder meer de goedkeuring van de jaarrekening 2024 van het bedrijf. Daarnaast is Tom van Aken herbenoemd als lid van de Management Board en is Margret Kleinsman herbenoemd als lid van de Raad van Commissarissen. PricewaterhouseCoopers is benoemd als externe accountant voor het boekjaar 2025. Verder hebben de aandeelhouders een 1:10 aandelensplitsing goedgekeurd en de Raad van Bestuur gemachtigd om gewone aandelen uit te geven tot het wettelijke maximum van het toegestane aandelenkapitaal, en om voorkeursrechten in dit verband te beperken of uit te sluiten, voor een periode van 18 maanden vanaf de datum van deze AVA.

De AVA vond plaats op woensdag 14 mei 2025 bij Wicked Grounds, Schipluidenlaan 4, 1062 HE Amsterdam, Nederland. In totaal waren 2.4842.236  aandelen, vertegenwoordigd 28,57% van het totale aantal uitstaande aandelen op de registratiedatum van de vergadering, vertegenwoordigd op de AVA en stemden over de resoluties.

Aandelensplitsing en wijziging van de statuten van het bedrijf

De AVA heeft de aandelensplitsing 1:10 en de wijziging van de statuten van het bedrijf goedgekeurd. Avantium zal 10 aandelen consolideren tot 1. Dit betekent dat 10 (tien) gewone aandelen worden geconsolideerd in 1 (één) gewoon aandeel. Het doel van de aandelensplitsing is om de marktwaarde per gewoon aandeel te verhogen. Met de huidige aandelenkoers vertaalt elke verandering van slechts enkele centen in de aandelenkoers zich onmiddellijk in een significante procentuele waardeverandering. Na de aandelensplitsing zal de resulterende aandelenkoers tien keer de vorige aandelenkoers zijn en kan de handelsliquiditeit als gevolg daarvan verbeteren.

Als gevolg van de aandelensplitsing: (i) zullen 10 gewone aandelen (ISIN: NL0012047823) worden geconsolideerd in 1 gewoon aandeel (ISIN: NL0015002IE0), (ii) verandert de nominale waarde per gewoon aandeel van EUR 0,10 naar EUR 1,00 en (iii) verandert het aantal uitstaande aandelen van 86.960.115 naar 8.696.012

De relevante data voor de aandelensplitsing zijn als volgt:

• Laatste handelsdag van de gewone aandelen onder de oude ISIN: maandag 19 mei 2025
• De handel in de geconsolideerde gewone aandelen begint onder de nieuwe ISIN: dinsdag 20 mei 2025
• Registratietijd (17:40 uur): woensdag 21 mei 2025
• Aandelensplitsing effectief: donderdag 22 mei 2025

Het tickersymbool van de gewone aandelen zal niet veranderen en blijft AVTX.

Voor aandeelhouders die een aantal aandelen bezitten dat niet deelbaar is door 10, geldt het volgende. Er zullen geen fractie-aandelen worden uitgegeven. Fractie-rechten worden naar beneden afgerond. Alle fractie-rechten worden samengevoegd tot een geheel aantal aandelen en door het bedrijf verworven. Avantium zal deze aandelen op de markt verkopen en de opbrengst overmaken aan de aandeelhouders die anders recht zouden hebben op de fracties. De goedkeuring van de aandelensplitsing omvat ook de machtiging van de Management Board van Avantium om deze aandelenverwerving uit te voeren.

Voor aandeelhouders zal de aandelensplitsing worden verwerkt door de bank of broker waar de aandelen zijn geregistreerd. In principe hoeven aandeelhouders geen vergoeding of commissie te betalen voor de uitvoering van de aandelensplitsing. Aandeelhouders die aandelen houden via een bank, broker of andere nominee moeten er rekening mee houden dat dergelijke banken, brokers of andere nominees mogelijk andere procedures hebben voor het verwerken van de aandelensplitsing dan die welke door Avantium zouden worden ingevoerd voor aandeelhouders die dergelijke aandelen rechtstreeks houden, en hun procedures kunnen bijvoorbeeld resulteren in verschillen in de precieze contante bedragen die worden betaald in plaats van een fractie-aandeel. Als u uw aandelen bij een dergelijke bank, broker of andere nominee houdt en als u vragen hierover heeft, wordt u aangemoedigd om contact op te nemen met uw bank, broker of nominee.

Stemresultaten

De agendapunten die ter goedkeuring in de vergadering zijn voorgesteld, zijn als volgt gestemd:

Agendapunt 3

De AVA heeft positief advies gegeven over het Remuneratierapport 2024.

Agendapunt 4

De jaarrekening 2024 is goedgekeurd.

Agendapunt 5

De leden van de Management Board zijn vrijgesteld van aansprakelijkheid voor de uitvoering van hun taken in het boekjaar 2024.

Agendapunt 6

De leden van de Raad van Commissarissen zijn vrijgesteld van aansprakelijkheid voor de uitvoering van hun taken in het boekjaar 2024.

Agendapunt 7

De heer Tom van Aken is herbenoemd als lid van de Management Board.

Agendapunt 8

Mevrouw Margret Kleinsman is herbenoemd als lid van de Raad van Commissarissen.

Agendapunt 9

De AVA heeft de aandelensplitsing 1:10 en de wijziging van de statuten van het bedrijf goedgekeurd.

Agendapunt 10

De AVA heeft de Management Board aangewezen als het orgaan dat bevoegd is om gewone aandelen uit te geven tot het wettelijke maximum van het toegestane aandelenkapitaal, en om voorkeursrechten in dit verband te beperken of uit te sluiten, voor een periode van 18 maanden vanaf de datum van deze AVA.

Agendapunt 11

PricewaterhouseCoopers Accountants N.V. is herbenoemd als externe accountant voor het boekjaar 2025.

Over Avantium

Avantium is een baanbrekend commercieel bedrijf dat zich richt op hernieuwbare en circulaire polymeermaterialen. Avantium ontwikkelt en commercialiseert innovatieve technologieën voor de productie van materialen op basis van duurzame koolstofgrondstoffen, d.w.z. koolstof uit biomassa of koolstof uit de lucht (CO₂). De meest geavanceerde technologie is de YXY^® Technologie die plantaardige suikers katalytisch omzet in FDCA (furandicarbonzuur), het belangrijkste bouwblok voor de duurzame kunststof PEF (polyethyleenfuranoaat). PEF is bekend onder de merknaam releaf^®, een in de EU geregistreerd handelsmerk van Avantium. Avantium heeft de YXY^® Technologie met succes gedemonstreerd in haar pilot plant in Geleen, Nederland, en is bezig met het opstarten van 's werelds eerste commerciële fabriek voor FDCA in Delfzijl, Nederland. Avantium werkt samen met gelijkgestemde bedrijven over de hele wereld om revolutionaire hernieuwbare chemieoplossingen te ontwikkelen van uitvinding tot commerciële schaal.

De aandelen van Avantium zijn genoteerd aan Euronext Amsterdam en Euronext Brussel (symbool: AVTX). Avantium is opgenomen in de Euronext Amsterdam SmallCap Index (AScX). De kantoren en het hoofdkantoor bevinden zich in Amsterdam, Nederland.

Disclaimer vertaling

Dit Nederlandse nieuwsbericht is een vertaling van het volledige, Engelse nieuwsbericht. Bij verschillen tussen de Nederlandse en de Engelse versie is de Engelse versie leidend.

Meer informatie:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com  

Spacer fabric is an innovative material known for its breathability, cushioning, and versatility. Unlike traditional 2D fabrics, spacer fabric is constructed by joining two separate layers of fabric with monofilaments , creating a breathable 3D "microclimate" between the layers. This unique structure allows heat and vapor to escape from the body while enabling cool air to circulate through the permeable layer, ensuring optimal temperature control and maximum air circulation.

Over the course of 2024, Auping, renowned for its commitment to sustainable innovations in premium sleeping solutions, has been working closely with Muller Textiles, a leader in fabric development. Muller Textiles has been developing and supplying PEF-based spacer fabric, while ANTEX and Monosuisse have supplied yarns to Muller Textiles. The consortium has completed the initial proof of concept study and is now progressing towards prototype development. Simultaneously, efforts are being directed towards scaling up the development and production process.

Pavan Kumar Manvi, Technical Application Manager at Avantium, says: "We are proud to collaborate with Auping, Antex, Monosuisse, and Muller Textiles to drive innovation in the textile industry. This partnership underscores our collective commitment to minimizing the environmental footprint of textile production. By harnessing Avantium's innovative technology and the combined expertise of our partners, we can make meaningful progress towards a more sustainable textile industry."

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercialises innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name Releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com  

The agenda of the 2025 AGM includes a number of key topics and proposals crucial to Avantium’s strategic direction and future growth. These include a proposal to authorise the Management Board to issue ordinary shares up to the statutory maximum of the authorised share capital, a request for approval of a share consolidation and the re-appointment of (a) Tom van Aken as a member of the Management Board and CEO and (b) Margret Kleinsman as a member of the Supervisory Board.

Financing 
Avantium will ask its shareholders to grant the Management Board the authority to issue ordinary shares up to the statutory maximum of the authorised share capital, and to limit or exclude pre-emptive rights in respect thereof, for a period of 18 months from the AGM date. This will give the Company the flexibility to quickly respond to opportunities and challenges, especially with the start-up of its first-of-a-kind FDCA Flagship Plant and the rollout of its licensing strategy. Granting this authority will allow the Company to raise capital more efficiently, reduce costs and speed up important processes to help achieve its goals. The Management Board will only utilise this mandate when necessary, and will need Supervisory Board approval to use such mandate, always ensuring that they believe that any share issuance is in the best interests of the Company and its shareholders.

Avantium intends to raise approximately €40 million in equity capital before the summer of 2025 to ensure that the Company remains well capitalised to support the rollout of the FDCA/PEF commercialisation and licensing strategy. Avantium will provide further details about the intended capital raise, including the exact timeline and specific terms, in due course.

Share consolidation

Avantium proposes to consolidate 10 shares into 1. This means that 10 (ten) ordinary shares will be consolidated into 1 (one) ordinary share. The purpose of the proposed share consolidation is to increase the market value per ordinary share. Immediately following the share consolidation, the share price will be ten times higher than the share price prior to the share consolidation.

Re-appointments

As announced previously, the Supervisory Board will nominate Tom van Aken for re-appointment as CEO and Management Board member for an additional term of four years, ending at the close of the AGM to be held in 2029. The Supervisory Board believes that the knowledge, experience and network of Tom van Aken are instrumental to maintaining the necessary momentum as Avantium moves forward.

The Supervisory Board nominates Margret Kleinsman for re-appointment as a member of the Supervisory Board for a third term of two years following her two four-year tenures. To ensure continuity, the Supervisory Board believes that it is important for the functioning of the Supervisory Board to retain the experience that Margret Kleinsman brings, also as Chair of the Supervisory Board’s Audit Committee.

Q&A session

Avantium will organise an online Q&A session on Wednesday 23 April 2025 at 20:00 CEST, featuring CEO Tom van Aken, interim CFO Bert Cornelese and CTO Gert-Jan Gruter. In anticipation of the upcoming AGM, this event will give retail investors the opportunity to gain valuable insights into Avantium's strategic direction, recent developments and future plans. During the Q&A session, attendees will have the opportunity to ask questions online to the management. For more information and to register, please visit: www.avantium.com/qa-session-23-april-2025

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercialises innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name Releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands. Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com

Bert Cornelese brings over three decades of experience leading and working in finance organizations across various industries, including as CFO for Ten Cate and for Continental Bakeries and interim CFO for Hunkemöller. Bert Cornelese will serve as interim CFO until a permanent CFO is appointed.

Bram Hoffer has been serving as a consultant to Avantium in the role of COO since December 2024 and has now been appointed to that role on a permanent basis. An experienced leader in the chemical industry, Bram was the Chief Technology Officer at chemical recycling company Ioniqa Technologies until December 2024. Prior to this, he spent over 20 years at chemical company BASF in various roles across Germany, USA, Belgium, and the Netherlands, including site management, CAPEX project management, operational excellence, engineering and manufacturing.

Annelore van Thiel has over 20 years of experience in leadership development, talent management, HR strategy, process improvement, and operational management. She has been Director People & Organisation at Ampelmann since 2020 and previously held various roles at Ampelmann and at Randstad Netherlands.

Edwin Moses, Chairman of the Supervisory Board at Avantium, commented: “We are very pleased to have Bram, Annelore and Bert join us during this important time in Avantium’s development. These appointments reflect Avantium's commitment to continually strengthening its leadership team. With their expertise, Bram, Annelore, and Bert will contribute significantly to help the Company execute on its strategic, operational and financing priorities. We appreciate Boudewijn’s contributions to Avantium and wish him the best in his future endeavours.”

Avantium’s Management Team will consist of the following people as of May 2025: Tom van Aken (Chief Executive Officer), Bert Cornelese (Interim Chief Financial Officer), Gert-Jan Gruter (Chief Technology Officer), Carmen Portocarero (General Counsel), Marco Jansen (Chief Commercial Officer), Bram Hoffer (Chief Operating Officer) and Annelore van Thiel (Director of Human Resources). Steven Olivier and Yap Chie Cheung continue to hold the positions of Managing Director of Avantium R&D Solutions and Managing Director of Volta Technology, respectively.

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercialises innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name Releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to create revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com

Tom van Aken, Chief Executive Officer of Avantium, said: "I am proud of our achievements in 2024. Our crowning accomplishment was completing the construction of our first-of-its-kind commercial-scale FDCA plant in Delfzijl (the Netherlands), which we celebrated with a grand opening ceremony attended by Her Majesty Queen Máxima of the Netherlands and 300 international guests. Since then, start-up activities of our FDCA Flagship Plant have commenced, and we anticipate producing the first FDCA in the coming months as we progress with the staged, safe start-up of the plant. We are confident that we have the right resources and skill sets in place to successfully start-up the FDCA Flagship Plant, enabling the commercial launch of FDCA and PEF.

As we prepare for commercial production of FDCA and PEF (branded as releaf®) in 2025, we have further focused on the development and execution of our commercial and licensing strategies, continuing to grow our extensive IP portfolio, and achieving key regulatory approvals, including the Food and Drug Administration approval of PEF for food contact applications in the United States. We have further diversified our feedstock options by developing a patented technology to convert polycotton textile waste into glucose and polyester, enabling fiber-to-fiber recycling.

The completion of the FDCA Flagship Plant resulted in cost increases and delays due to the need for extra materials and additional labor. To partly offset higher than anticipated capital expenditure on the FDCA Flagship Plant and support ongoing operating expenses, we secured an additional €116 million in financing from various sources in 2024. We greatly appreciate the continued trust of our shareholders, lenders and strategic partners, and their ongoing support to execute our strategy.

Looking ahead, our top priority for 2025 is the safe and successful start-up of the FDCA Flagship Plant. We continue to advance our FDCA/PEF-related commercial activities, while also securing our financial position by disciplined cost management, seeking additional funding, and pursuing strategic initiatives for our other activities outside the Renewable Polymer business."

For more information:

Media:
Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Investor Relations:
Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com  

Additionally, Amcor has committed to a multi-year capacity reservation for PEF from a future industrial-scale facility, based on a technology license from Avantium. This agreement guarantees Amcor preferred access to PEF volumes produced by Avantium's future licensee network.

Avantium has developed a proprietary process technology to produce FDCA (furandicarboxylic acid), the key building block for PEF (polyethylene furanoate), and is currently in the process of starting up the world’s first commercial FDCA plant in Delfzijl, the Netherlands. This FDCA Flagship Plant will be pivotal for Avantium's licensing strategy, allowing the Company to sell FDCA and PEF directly to customers while also offering technology licenses to industrial partners. Ensuring sufficient commercial demand is crucial for future licensing partners. The capacity reservation agreement with Amcor demonstrates Avantium's ability to meet this demand effectively.

Releaf^® is a 100% plant-based, high-performance polymer that can be recycled in existing PET (polyethylene terephthalate) recycling streams. It is included in the Critical Guidance Protocol from the Association of Plastic Recyclers (APR), one of the most universally accepted measures for assessing recyclability in plastic packaging design. Releaf^® furthermore stands out due to its superior barrier properties, which extend the shelf life of food and beverages, its higher mechanical strength that reduces material usage, and its lower processing temperature that cuts energy consumption compared to traditional fossil-based plastics. Additionally, with its lower carbon footprint, releaf^® will support Amcor’s net-zero ambitions by 2050.

“This partnership between Amcor and Avantium represents a significant step forward in advancing responsible packaging solutions. It combines Amcor's expertise in innovative packaging with Avantium's renewable and circular polymer releaf^®. This partnership enhances our efforts to offer customers innovative, packaging that is better for products, people and the planet ” said Terry Patcheak, Amcor’s vice president of research & development and program management excellence. 

Bineke Posthumus, Commercial Director of Avantium Renewable Polymers added: "This collaboration with Amcor underscores the increasing demand for releaf^® in sustainable packaging solutions and supports our strategy for licensing our FDCA technology. We are excited to work with Amcor to bring releaf^® to the market, providing consumers with high-performance, eco-friendly packaging solutions."

About Amcor plc (parent company of Amcor Rigid Packaging)

Amcor plc is a global leader in developing and producing responsible packaging solutions across a variety of materials for food, beverage, pharmaceutical, medical, home and personal-care, and other products. Amcor plc works with leading companies around the world to protect products, differentiate brands, and improve supply chains. The company offers a range of innovative, differentiating flexible and rigid packaging, specialty cartons, closures and services. The company is focused on making packaging that is increasingly recyclable, reusable, lighter weight and made using an increasing amount of recycled content. In fiscal year 2024, 41,000 Amcor plc people generated $13.6 billion in annual sales from operations that span 212 locations in 40 countries. 
 www.amcor.com

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercialises innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name Releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to create revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com  

With its DAC technology, Climeworks captures CO₂ directly from ambient air and stores it safely and permanently underground in Iceland with its storage partner Carbfix. Avantium R&D Solutions offers R&D solutions for high-quality testing of chemicals and materials. Together with Climeworks, Avantium has recently developed a custom-made, high-throughput adsorption testing unit for Climeworks’ DAC application that enhances the efficiency and effectiveness of testing new materials for CO₂ adsorption, and which in turn is expected to lead to more cost-effective DAC systems.

Avantium’s testing unit has already proved highly beneficial. Both the sample mass and the gas consumption were reduced by a factor of 25. This is a significant cost saving when it comes to gas consumption, and it bears an advantage for R&D teams which often produce smaller amounts of sample. The design of the breakthrough analyzer allows for better comparability between reactors, because all samples are measured on the same sensors sequentially. The unit has proven very reliable with an uptime of 98% throughout 2024, with only occasional downtimes being limited to everyday maintenance. Ultimately, this strengthens Climeworks in scaling up its DAC technology quality control, enabling faster development and implementation of solutions to capture CO₂ directly from the air.

"This agreement enables us to take a significant step forward in building out a testing environment of industrial quality and expanding our high-quality supplier ecosystem. Avantium's high-throughput adsorption testing unit will enhance our ability to develop and test new materials and accelerate the deployment of our DAC systems on a global scale," said Jan Wurzbacher, Co-CEO and co-founder of Climeworks.

Steven Olivier, Managing Director of Avantium R&D Solutions, commented: "We take pride in our collaboration with Climeworks, a company that mirrors our dedication to sustainability and relentless innovation. This partnership is a testament to our shared commitment to addressing the urgent need for scalable climate solutions. Together, we can make a significant impact on reducing significant atmospheric CO₂ levels.”

About Climeworks

Climeworks is a leading high-quality carbon removal provider, combining decades of expertise in Direct Air Capture (DAC) technology with holistic carbon removal solutions.

Climeworks advises companies on their carbon removal strategies and provides tailored portfolios of nature-based and engineered approaches, offering end-to-end services to help achieve net-zero goals. The company runs the world's first two DAC plants in Iceland, demonstrating its core commitment to high-quality carbon removal that is backed by over 15 years of pioneering research, development, and deployment.

By advancing the most reliable solutions in the market, Climeworks accelerates the global transition to net zero, unlocking economic value for businesses, governments, and society.

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name Releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands. Avantium also provides R&D solutions in the field of sustainable chemistry and is the leading provider of advanced catalyst testing technology and services to accelerate catalyst R&D. Avantium works in partnership with like-minded companies around the globe to create revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com  

Avantium has developed its proprietary YXY^® Technology to produce FDCA (furandicarboxylic acid), the essential component for the fully plant-based and circular polymer PEF (polyethylene furanoate). PEF is branded by Avantium as releaf^®. Avantium is currently in the process of starting up the world’s first commercial FDCA plant in Delfzijl, the Netherlands. This FDCA Flagship Plant will play a crucial role in Avantium's commercialization and licensing strategy. The commercial FDCA plant allows Avantium to sell FDCA and releaf^® directly to offtake partners, while also offering technology licenses at full scale to industrial partners worldwide.  Under such a technology license, industrial partners can produce FDCA and PEF in large-scale production facilities using Avantium’s proprietary YXY^® Technology.

Avantium and EPC Engineering & Technologies already worked together in 2017, when EPC developed a conceptual design for a 25 kilotonnes per annum PEF continuous polymerization plant using melt state polymerization. This conceptual design served as the starting point for the Joint Development Agreement to further scale the polymerization technology to 100 kilotonnes per annum and beyond. POLYMETRIX will contribute with its continuous solid state polymerization know-how. With this collaboration, Avantium is able to extend its YXY^® Technology license package to the full continuous PEF production process including performance guarantees at industrial scale, whether greenfield, brownfield or retrofit plant.

Karol Kerrane, Managing Director at EPC Engineering & Technologies, comments: “EPC continuously strives to find technical solutions to overcome global environmental challenges. Through this international collaboration with Avantium, we are fully confident to jointly achieve great success by offering world’s best practice for continuous PEF production.” 

Bart Langius, Director Licensing at Avantium, adds: "This collaboration with EPC and POLYMETRIX marks a step forward in our mission to add our renewable and circular polymer PEF in the polyester industry. By combining our expertise with EPC and POLYMETRIX, we are confident that we can offer our potential licensing partners a comprehensive license package that integrates Avantium's YXY^® Technology with continuous PEF polymerization technology, providing a high performance alternative to fossil-based plastics.”

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name Releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to create revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

About EPC Engineering & Technology GmbH

EPC Engineering & Technologies, as a member of the EPC Group, is a German-based, international technology provider as well as an engineering and turnkey plant construction company. The focus of its business is the licensing of technologies as well as the design and realization of industrial plants and infrastructural projects. It is the combination of experience and continuous development that makes sustained innovation possible. EPC is internationally active, building economically viable turnkey industrial plants that correspond to the highest technological and environmental standards.

About Polymetrix

Polymetrix AG designs, supplies, and installs complete industrial plants for the thermal treatment of bulk materials. They specialize in upgrading virgin PET, recycled PET, polyamide, PBT, and other polymers. With over 40 years of process development experience, Polymetrix sets the global standard for productivity and energy efficiency in polymer treatment plants. Their technologies are used in various applications, including PET bottles, seatbelts, tires, hot air balloons, and high-performance sports clothing.

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com  

Avantium is a frontrunner in developing innovative technologies for producing chemicals and materials from sustainable carbon feedstocks, like plant-derived carbon or CO₂. One such technology, Dawn Technology, converts non-food plant-based feedstock into glucose and lignin, proven in its pilot plant in Delfzijl (the Netherlands). This glucose can be used in chemical and fermentation processes for diverse products such as monomers for bio-based plastics. After several successful trials in its laboratories, Avantium has been using its Dawn Technology pilot plant to test the viability of breaking down and recycling post-consumer polycotton waste textiles at a larger scale. By using highly concentrated HCl on polycotton waste, the cotton cellulose was fully hydrolyzed into glucose, which can be easily separated from the solid polyester residue. This enables the complete recycling of polyester and the use of cotton-derived glucose for a wide range of industrial applications, including polymers, resins and solvents. The resulting glucose can for example be used by Avantium to produce its lead product 2,5-furandicarboxylic acid (FDCA).

The trials at Avantium’s Dawn pilot plant have shown high glucose yields from polycotton waste, indicating scalability and cost-effectiveness. This method is therefore the first viable process to effectively recycle both polyester and cotton fractions in high yields. With global textile production expected to reach 149 million tons by 2030 and a recycling rate of less than 1%, Avantium's technology offers a sustainable solution for a circular, low-carbon textile industry and aligns with new regulations that make textile producers responsible for waste management.

Avantium supported this groundbreaking project by hosting PhD students from the Industrial Sustainable Chemistry research group of the University of Amsterdam in its laboratories and its Dawn pilot plant in Delfzijl. The first author of the paper, PhD student Nienke Leenders, works on secondment at Avantium.

Avantium Chief Technology Officer Gert-Jan Gruter states: "We are excited about this groundbreaking solution, which is not only providing feedstock for our own FDCA and PEF technology and aligns with our environmental objectives but also marks a crucial advancement towards achieving a circular economy. At Avantium, we are committed to perfecting this technology in collaboration with partners and broadening its application to address the global textile waste problem. Simultaneously, we aim to supply non-food glucose to support the large-scale transition toward a bio-based economy.”

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name Releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to create revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com  

AMSTERDAM, 5 December 2024, 07:00 hrs CET – Avantium N.V. (hereinafter the “Company” or “Avantium”), a leading company in renewable and circular polymer materials, announces that it has successfully raised €11.2 million through an accelerated bookbuild offering (the “Offering”) of 6,380,223 new ordinary shares in the Company (the “Offer Shares”) representing approximately 8% of the Company’s issued share capital. The Offer Shares have been placed at a discount of 14.5% to the closing price of €2.05, representing €1.75 per new ordinary share (the “Offer Price”).

The Offering raised gross proceeds of €11.2 million. The Offer Shares being issued represent approximately 8% of the existing issued ordinary share capital of Avantium. The net proceeds of the Offering, together with Avantium’s current cash resources and the proceeds from the up to €35.1 million financing package, are expected to fund working capital requirements and start-up costs in 2025 related to the FDCA Flagship Plant. The remaining part of the net proceeds (if any) will be used by Avantium for general corporate purposes.

Settlement of the Offer Shares and admission to listing and trading of the Offer Shares on Euronext Amsterdam and Euronext Brussels is expected to take place on 9 December 2024 (the “Settlement”).

In relation to the Offering, the Company and members of the Management Board and Supervisory Board agreed to a lock-up period ending 180 days calendar days after the Settlement, subject to customary exceptions and waiver by Banks.

No prospectus has been or will be published in connection with the Offering.

The Offer Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

ABN AMRO Bank N.V. (in cooperation with ODDO BHF SCA) and Bryan, Garnier & Co acted as Joint Global Coordinators and as Joint Bookrunners in relation to the Offering (together the “Joint Global Coordinators”).

Boudewijn van Schaïk, Chief Financial Officer of Avantium: “We are very pleased with this successful capital increase, which is part of the broader financing package we announced yesterday. This financing package of €46 million in total will support the funding of our FDCA Flagship Plant's start-up phase. We would like to thank our shareholders as well as new investors joining us today for their trust and continued belief in our ambition and strategy.”

For more information:

Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com  

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercialises innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO₂). The most advanced technology is the YXY^® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name Releaf^®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY^® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to create revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

Forward-looking information / disclaimer

This press release may include forward-looking statements. Other than reported financial results and historical information, all statements included in this press release, including, without limitation, those regarding our financial position, business strategy and management plans and objectives for future operations, may be deemed to be forward-looking statements. Without limitation, any statements preceded or followed by or that include the words "targets", "plans", "believes", "expects", "aims", "intends", "anticipates", "estimates", "projects", "will", "may", "would", "could" or "should", or words or terms of similar substance or the negative thereof, are forward-looking statements. These forward-looking statements are based on our current expectations, projections and key assumptions about future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Avantium’s ability to control or estimate precisely, such as future market conditions, the behavior of other market participants and the actions of governmental regulators. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release and are subject to change without notice. Other than as required by applicable law or the applicable rules of any exchange on which our securities may be traded, we expressly disclaim any obligation or undertaking to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Important information

This press release contains information within the meaning of Article 7(1) of the European Market Abuse Regulation (596/2014).

The information contained in this announcement is for information purposes only and is not intended to constitute, and should not be construed as, an offer to sell or subscribe for, or the announcement of a forthcoming offer to sell or subscribe for, or a solicitation of any offer to buy or subscribe for, or the announcement of a forthcoming solicitation of any offer to buy or subscribe for the Offer Shares in any jurisdiction, including the United States of America (the “United States”), Australia, Canada, Japan and South Africa. No offer to sell or subscribe for the Offer Shares, or announcement of a forthcoming offer to sell or subscribe for the Offer Shares, or solicitation of any offer to buy or subscribe for Offer Shares, or announcement of a forthcoming solicitation of any offer to buy or subscribe for, the Offer Shares will be made in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of such jurisdiction, and the distribution of this communication in such jurisdictions may be similarly restricted or unlawful. Persons into whose possession this communication comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the security laws of any such jurisdiction. This announcement is not for publication or distribution, directly or indirectly, in or into the United States. This announcement is not an offer of securities for sale into the United States. Any securities referred to herein have not been and will not be registered under the Securities Act, and may not be offered, sold, pledged, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, in or into the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States.

The Company has not authorised any offer to the public of the Offer Shares in any Member State of the European Economic Area or the United Kingdom. With respect to any Member State of the European Economic Area and the United Kingdom (each a “Relevant Member State”), no action has been undertaken or will be undertaken to make an offer to the public of Offer Shares requiring publication of a prospectus in any Relevant Member State. As a result, the Offer Shares may only be offered in Relevant Member States: (i) to any legal entity which is a “qualified investor” as defined in the Prospectus Regulation; or (ii) in any other circumstances falling within Article 1(4) of the Prospectus Regulation; provided that no such offer of Offer Shares shall result in a requirement for the publication by the Company of a prospectus pursuant to Article 3 of the Prospectus Regulation and each person who initially acquires Offer Shares or to whom any offer is made will be deemed to have represented, warranted and agreed to and with the Company that it is a “qualified investor” within the meaning of the Prospectus Regulation. For the purpose of this paragraph, the expression “offer of securities to the public” means the communication in any form and by any means of sufficient information on the terms of the Offering and the Offer Shares to be offered so as to enable the investor to decide to purchase or subscribe for the Offer Shares and the expression “Prospectus Regulation” means Regulation (EU) 2017/1129 and any amendments thereto, and includes any relevant delegated regulations. Any such investor will also be deemed to have represented and agreed that any Offer Shares acquired by it in the contemplated offering of Offer Shares have not been acquired on behalf of persons other than such investor. This announcement is not an advertisement within the meaning of the Prospectus Regulation and does not constitute a prospectus.

This announcement does not constitute a prospectus within the meaning of the Prospectus Regulation and has not been approved by the Dutch Authority for the Financial Markets (Stichting Autoriteit Financiële Markten) or any other European Supervisory Authority.

Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on the markets in financial instruments, as amended ("MiFID II"); (b) Articles 9 and 10 of the Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the “MiFID II Product Governance Requirements”), and disclaiming all and any liability whether arising in tort, contract or otherwise, which any "manufacturer" (for the purpose of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the Offer Shares subject to the Offering have been subject to a product approval process, which has determined that such Offer Shares are: (i) compatible with an end target of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the "Target Market Assessment"). Notwithstanding the Target Market Assessment, Distributors (for the purposes of the MiFID Governance Requirements) should note that: the price of Offer Shares may decline and investors could lose all or part of their investment; the Offer Shares offer no guaranteed income and no capital protection; and an investment in Offer Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to any contractual, legal or regulatory selling restrictions in relation to the Offering. Furthermore, it is noted that, notwithstanding the Target Market Assessment, the Joint Global Coordinators and Joint Bookrunners will only procure investors who meet the criteria of professional clients and eligible counterparties.

For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the Offer Shares. Each distributor is responsible for undertaking its own target market assessment in respect of the Offer Shares and determining appropriate distribution channels.

The Banks, are acting exclusively for the Company and no-one else in connection with the Offering. They will not regard any other person as their respective clients in relation to the Offering and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, nor for providing advice in relation to the Offering, the contents of this press release or any transaction, arrangement or other matter referred to herein.

None of the Banks or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this press release (or whether any information has been omitted from the press release) or any other information relating the Company or any of their subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this press release or its contents or otherwise arising in connection therewith.

Accordingly, the Banks disclaim, to the fullest extent permitted by applicable law, all and any liability, whether arising in tort or contract or that they might otherwise be found to have in respect of this announcement and/or any such statement. In connection with the Offering, each of the Joint Global Coordinators and Joint Bookrunners and any of their affiliates, may take up a portion of the Offer Shares in the Offering as a principal position and, in that capacity, may retain, purchase, sell, offer to sell for its own account such Offer Shares and other securities of the Company or related investments in connection with the Offering or otherwise. In addition, each of the Banks and any of their affiliates may enter into financing arrangements (including swaps or contracts for differences) with investors in connection with which each of the Banks and any of their affiliates may from time to time acquire, hold or dispose of Offer Shares. None of the Banks or their affiliates intends to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so.

Each of the Company and the Banks and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise. Neither the content of the Company's website (or any other website) nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into or forms part of this Press Release.