TOMRA: DIVESTMENT OF TOMRA COMPACTION

Reference is made to Tomra’s third quarter 2014 financial report released 17 October 2014, where Tomra announced that it has initiated a process for divesting its Compaction business (Orwak).

Tomra has today signed an agreement with San Sac Nordic AB, owned by the investment fund Accent Equity 2012,  to sell 100% of the shares in Tomra Compaction Group AB for a consideration of 110 MSEK (free of cash and interest bearing debt). The Compaction segment within Tomra reports yearly revenues of approximately 200 MSEK with single digit EBITA margin. The book value of the assets covered by the transaction is approximately 170 MSEK, of which approximately 50% is intangibles (goodwill). In addition to regular transaction costs, Tomra will also cover some divestment/restructuring cost which are not yet quantified. Closing should find place no later than 13 February 2015.

For further information please contact CFO Espen Gundersen, telephone +47 97 68 73 01.

Asker, 12th December 2014

Tomra Systems ASA

TOMRA was founded on an innovation in 1972 that began with design, manufacturing and sale of reverse vending machines (RVMs) for automated collection of used beverage containers. Today TOMRA has ~170,000 installations in over 80 markets worldwide and had total revenues of ~4.6 billion NOK in 2013. The Group employs ~2,500 globally, and is publicly listed on the Oslo Stock Exchange. (OSE: TOM) The TOMRA Group continues to innovate and provide cutting-edge solutions for optimal resource productivity within two main business areas: Collection Solutions (reverse vending, material recovery and compaction) and Sorting Solutions (recycling, mining and food sorting). For further information about TOMRA, please see www.tomra.com