4 April 2023

The Technical Committee of the Tray Circularity Evaluation Platform (TCEP) of PETCORE Europe has officially endorsed the use
of Akestra™ 100 and Akestra™ 110, products manufactured by leading specialty chemicals innovator Perstorp, for the production
of heat-resistant PET trays. Furthermore, the committee has recognized that the use of Akestra 100 and Akestra 110 do not have
a negative impact on current European PET recycling streams.

The Tray Circularity Evaluation Platform (TCEP) is a voluntary European industry initiative that provides PET thermoforms design
guidelines for recycling, evaluates thermoform packaging solutions and technologies, and facilitates understanding of the effects
of new PET thermoforms innovations on the recycling process. The TCEP initiative fully supports the economic and
environmental sustainability of the European PET value chain.

Akestra 100 and Akestra 110 are a high-performance products that enable customers to enhance recycled PET by adding heat
resistance capabilities and also achieve sustainability targets by increasing recycled material content and enabling design for
circularity. With this endorsement, Akestra 100 and Akestra 110 are established to enable a circular packaging solutions with high
post-consumer content (high PCR), and for being recyclable in existing recycling streams for tray-to-tray. Akestra 100 and
Akestra 110 are hereby confirmed in Europe as replacement of fossil based, linear traditional packaging made of polystyrene or
polypropylene.