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b.grn update: Welsh Freeport, b.grn welcomes decision

12 May 2022

b.grn Group Ltd

(“b.grn” or the “Company”)

b.grn update: Welsh Freeport, b.grn welcomes decision

Anglesey, 12th May 2022. b.grn Group Ltd,  a company developing a portfolio of waste-to-fuel plants across the UK, is pleased to note today’s news from the UK and Welsh Governments that agreement has been reached to establish a new Freeport under a joint assessment of bids from interested locations.

Following b.grn’s Richard Parris’ meeting with Virginia Crosbie, Member of  Parliament for Ynys Môn, the Company has also engaged with Rhun ap Iorwerth AS/MS , Member of the Welsh Assembly.  The Company welcomes the announcement that £26.0 million in UK Government funding will be made available to back a Welsh Freeport. b.grn has supported Ms. Crosbie’s and Mr ap Iorweth’s campaign for this status and wishes their teams success in the forthcoming bidding process.

Freeport status is important for the community and economy. b.grn’s own plans, previously announced as Project Panad, for a waste-to-fuel operation on Anglesey will generate considerable economic and social value. The Company believes that this is consistent with the underlying principles of job creation and environmental impact espoused by both Governments in the announcement today.

Consistent with the Freeport news, b.grn today announces that its has retained Lambert Smith Hampton  in Cardiff (“LSH”) to advise the Company on its planned purchase of the Anglesey site. LSH will support the Company in its engagement with the Administrators of the Holyhead site, reinforcing b.grn’s economic and social proposals for the site’s redevelopment.

Richard Parris of b.grn, said:

“Anglesey is an ideal site for b.grn’s operations. It has a skilled local workforce, sufficient space for the scale of operation we require, and the support of its hard-working elected representative. b.grn welcomes the Governments’ decision to fund a Welsh Freeport and congratulates Ms. Crosbie and her team on its campaign to secure this progress. Currently, our decision to locate operations in the Holyhead area is conditional on Freeport status being granted to the area. This levels the playing field with our alternative location in Humberside. The company looks forward to working further with Ms. Crosbie and now, LSH to secure access to this important site.”

Virginia Crosbie, Member of Parliament for Ynys Môn, commented:

“This is a big day for Anglesey, and I will do all I can to ensure that a brilliant bid is put forward to grant Freeport status to Holyhead. Companies like b.grn want to invest in our Island but need certainty over that investment and the incentives to do so. A Freeport here will do just that, and I will be working hard across the board with business, with authorities, and with organisations in North Wales to make the bid a success.”

Rhun ap Iorwerth AS/MS, Member of the Welsh Assembly, said:

This is an industrial site of huge importance, and every effort must me made to create sustainable economic activity there with high quality jobs. I will do what I can to support those efforts, including through maximising potential benefits of freeport status.”

Caption: Sabien Technology Group plc Executive Chair and b.grn Company Secretary, Richard Parris, and Ynys Môn MP, Virginia Crosbie, survey the site of potential new Freeport infrastructure in Holyhead

Further Information:

b.grn Group Ltd Ed Sutcliffe Chief Financial Officer ed.sutcliffe@sabien.com
Scott Fulton (Investor Relations) +44(0) 7788 144993

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