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Worn Again Press Release – June 2020

WORN AGAIN TECHNOLOGIES RAISES €8 MILLION INVESTMENT, ACCELERATING ITS PROGRESS TOWARDS COMMERCIALISATION

 (17 June 2020, UK) Worn Again Technologies has secured up to €8 million in new equity capital from investors, including follow-on commitments from two of its existing strategic investors, H&M Group and Sulzer. This significant financial backing is a vote of confidence in the company’s enhanced recycling technology and proposed circular licensing business model, which promises to be crucial in closing the loop in the end-of-use polyester and polycotton/cellulose textile industry. The investment provides over two years of operating capital and will be used to accelerate and complete the company’s fundamental technology development through the R&D phase. It will also provide the base financing required in the next phase of bringing the technology to market.  Through these ongoing strategic partnerships with two global industry players, Worn Again Technologies will benefit from the world-leading expertise of H&M Group’s supply chain and consumer-facing business, as well as the advanced manufacturing and industrial capabilities of Sulzer Chemtech. Erik Karlsson, Investment Manager at H&M Group’s investment arm CO:LAB, said:Having worked with Founder Cyndi Rhoades and the impressive team since 2013, we’re thrilled to continue our journey by further investing in Worn Again Technologies as they move into an exciting new phase towards commercialisation over the coming years. Their regenerative recycling technology not only aligns perfectly with the H&M group’s vision to become fully circular, but also has the potential to benefit the entire industry.” Torsten Wintergerste, Division President Chemtech of Sulzer, stated: “Sulzer has a clear strategic direction towards sustainable businesses. With our unequalled application know-how and process equipment, Sulzer Chemtech is the leader in separation technologies and the innovation we bring to the table is a game changer for circular economy. Worn Again Technologies building recycling plants with our components represents for Sulzer a proud contribution to a greener future of textile industry. It complements our overall strategic drive to deliver innovative green process solutions like bio-polymers (e.g. PLA) and recycling technologies to the market.” Keith Wiggins, recently appointed CEO of Worn Again Technologies, commented: “It is a pivotal time for H&M, Sulzer and others to be investing in Worn Again Technologies. It shows that global industry leaders are behind our company’s unique technology which can replace the use of virgin resources by recapturing raw materials from non-reusable products. The investment is a considerable step forward in building momentum for Worn Again’s technology for the emerging circular economy.” This announcement comes soon after the opening of the Worn Again Technologies pilot plant in January 2020. In addition to technology development, work is currently underway with end-of-use textile owners on the WA-Feedstock Specification, and engaging other potential stakeholders in preparation for the next phase of development which will focus on a larger demonstration facility, expected in 2021. With essential support from investors and a strong scale-up plan, validation of the company’s innovation is on the horizon, a crucial step towards the industrialisation of this ground-breaking technology. ENDS For further information and interviews please contact Adam Brady at Worn Again Technologies: adam.brady@wornagain.co.uk +44 (0) 7726 791 456 Images and assets can be found in this folder here.

About Worn Again Technologies:

Worn Again Technologies is a technology licensing company that is developing unique polymer recycling processes that will enable raw materials in textiles and polyester packaging to be kept in constant circulation, driving economic, social and environmental benefits. The technology has been developed to support the shift from linear supply chains to a circular system where raw materials are recycled, reducing the use of the worlds finite resources. The company has valued strategic investors including H&M Group, Sulzer, Himes Corporation and Directex, as well as the support of influential brands and partners, such as Kering, ASICS Europe, Sympatex, Dibella and Dhana. In recent years, Worn Again Technologies has been part of the movement to develop the circular economy. The company has benefited from engagement with many parts of the industry, including grant funding, and direct collaboration with the Fashion for Good scaling program, Cradle to Cradle (C2C) initial certified outputs, and EU-Interreg funded Fibersort textile sorting project. Worn Again Technologies is proud to have received the ANDAM Innovation Prize, and to recognized by PCIAW as an Outstanding Contribution to the Textile Industry. www.wornagain.co.uk   @wornagainuk

Worn Again Press Release – Jan 2020

WORN AGAIN TECHNOLOGIES MAKES STEP TOWARDS A SUSTAINABLE AND CIRCULAR RESOURCE WORLD WITH THE LAUNCH OF PILOT R&D FACILITY

(22nd January 2020, UK) Worn Again Technologies, the pioneering polymer recycling technology firm, today announces the launch of its pilot R&D facility as a major step forward in its development process. The facility is located at CPI, a technology and innovation centre in Redcar, England. Worn Again Technologies is a leader in the use of science to recapture raw materials from non-reusable products with a vision to eliminate waste and replace the use of virgin resources. The pilot plant is designed to validate and develop Worn Again Technologies’ proprietary process which separates, decontaminates and extracts PET polymer and cellulose (from cotton) from non-reusable textiles and PET bottles and packaging to go back into supply chains as raw materials to become new products as part of a continual cycle. Nick Ryan, Worn Again Technologies’ Technology Director comments: “The pilot is a significant step in developments as it will allow us to confirm and further optimise the different steps in the process in one unit, accelerating our engineering development to the next step of a demonstrator plant.” Cyndi Rhoades, Founder of Worn Again Technologies says: “It is exciting to have progressed our developments from lab to plant. While there is still a long road ahead, it’s the next tangible step getting us closer to a scalable, commercially viable industrial process that will enable the move away from using finite virgin resources to the circularity of raw materials.” Kris Wadrop, Director of Biotechnology CPI “CPI is delighted to host the Worn Again Technologies pilot plant within our scale-up facilities at Wilton, Redcar. Supporting a company at the forefront of the Circular Economy promoting sustainable fashion by using the strengths of the chemical industry on Teesside is an ideal combination and part of the reason CPI exists’’ The team, coordinated by Worn Again Technologies’ Chief Scientific Officer, Dr. Adam Walker, began working with CPI on the commissioning of the pilot in Q4 2019. The apparatus will be run with a rigorous, disciplined scientific process to meet the needs of the market and customers’ high expectations. Experimentation will include testing of the process using various inputs to understand the yield and quality impact on the product. – Ends – For further information and interviews please contact The Communications Store: Ellie Eversett, ellie.eversett@tcs-uk.net (020 3642 2940)  

About Worn Again Technologies

Worn Again Technologies was founded in East London in 2005, with a vision for a waste free world where all textiles resources are kept in constant circulation, driving positive economic, social and environmental benefits. Today its pioneering polymer recycling technology, which began developments in 2012, is being brought to life by a world-class team and strategic partners who have a shared ambition to fast track this vision. Worn Again Technologies has valued investors including H&M Group, Sulzer Chemtech one of the world’s largest chemical engineering companies, Mexico based Himes Corporation a garment manufacturer and Directex, a textiles producer as well as the support of influential brands and partners, such as Kering, ASICS Europe, Sympatex, Dibella and Dhana. In November 2017, Worn Again Technologies was invited to become part of the Fashion for Good scaling programme and in 2018, the company was awarded a grant to become the first chemical recycling technology to be Cradle to Cradle (C2C) certified as well as being named one of the LAUNCH Circular Innovators for 2018. In 2019 Worn Again Technologies was awarded the ANDAM Innovation Prize and ‘One to Watch’ at Global Good Awards. Also in 2019, Founder Cyndi Rhoades was awarded the PCIAW Outstanding Contribution to the Textile Industry and was a finalist for The Circular Economy Awards, Leadership award. www.wornagain.co.uk @wornagainuk

Worn Again Press Release – May 2019

WORN AGAIN TECHNOLOGIES ANNOUNCES ITS PIONEER MEMBERS, THE GROUP LEADING THE CHARGE FOR CIRCULAR RESOURCES

Leading companies become first in line for circular raw materials supply as technology prepares for industrialisation Worn Again Technologies, creators of award-winning polymer recycling technology, has announced its Pioneer Members’ programme consisting of some of the most forward-thinking brands in the global apparel and textiles industry. The establishment of this programme takes Worn Again Technologies one step further on its mission to propel the shift to a circular resource world, wasting no time – or textiles – in getting there. Worn Again Technologies’ polymer recycling process can separate, decontaminate and extract polyester polymers and cellulose (from cotton) from non-reusable textiles, as well as plastic bottles and packaging, to go back into new fibre as part of a repeatable process. Next to join founding Pioneer Members, H&M and Kering, are Japanese sportswear brand ASICS Europe, German outdoor textiles specialist Sympatex, German linen supplier Dibella, US youth sustainable fashion brand Dhana and Mexican textile and garment manufactures Directex and Himes. Worn Again Technologies’ patented process aims to ensure its dual PET and cellulose outputs extracted from textiles and bottles will have economic competitiveness to virgin resources whilst guaranteeing virgin-equivalent quality. As Pioneer Members, these companies will have guaranteed access to a percentage share of initial Worn Again Technologies’ circular PET and cellulose outputs to use in their supply chains, which will prove a competitive advantage in the coming decade as demand for circular supply resources rises. Additionally, this group will be offered pre-market access to developments and engagement in industry trials on the outputs during the scaling phase. The creation of the Pioneer Members’ programme marks a defining moment for brands and Worn Again Technologies. Now, future outputs of this innovative process have official entry to brands, retailers, products and consumers, bringing us closer to the circularity of raw materials for textiles. As Worn Again Technologies continues its rapid developments, it calls for forward-thinking brands to join now and be amongst the next to reap the rewards of this industry-advancing innovation. “From the early days of development, we knew that working with strategic partners would be the most effective way to bring our vision to reality. We have been building the technology and the infrastructure for this solution over the last eight years, but the brands and companies selling products will play a huge role in enabling us to deliver circular resources to the global textiles industry” says Cyndi Rhoades, CEO and Founder of Worn Again Technologies. Worn Again Technologies is proud to welcome each Pioneer Member into the programme, recognising their individual commitments to creating a more sustainable and truly circular industry. H&M Group pledges that by 2030, the group “aims for 100% recycled, or other sustainably sourced materials” and Kering holds a commitment to “ensure 100% traceability of key raw materials by 2025”. ASICS Europe also has ambitious future targets committing to replace all conventional polyester used in apparel and footwear upper materials with recycled alternatives by 2030. Dhana, which has signed 2020 Circular Fashion System Commitment by Global Fashion Agenda, Dibella (supported by Lucky Textiles) and Sympatex (which met Worn Again Technologies via the Fashion for Good programme and LAUNCH Circular Innovators network, respectively) each also have circularity as a core business driver with ambitions to make an impact to their industry sectors. Through becoming a Worn Again Technologies Pioneer Member and having access to this ground- breaking technology, these companies are now one step closer to achieving their circularity goals. The establishment of the Pioneer Members’ programme reaffirms each company as part of the solution to eradicate waste and Worn Again Technologies welcomes discussions with like-minded businesses who share its pioneering vision.

Quotes from the Pioneers

Erik Karlsson, Investment Manager for Sustainable Fashion at H&M said of the new programme, “We are proud of the collaboration we have with Worn Again Technologies. H&M Group looks forward to being an early adopter of the outputs and integrate them into our supply chain. This will be an important step towards our goal of using only recycled and sustainably sourced materials by 2030.” Romy Miltenburg, Manager CSR & Sustainability EMEA at ASICS, said: “ASICS is dedicated to sport and its healthy contribution to society. Our goal is to create products that not only help people to live happier and healthier lives, but also leave our planet safe and sound. Through this partnership with Worn Again Technologies, we are one step closer to our goal of creating a circular business model.” “Each year, mountains of clothing end-up on garbage landfills or they are incinerated, even using open fires in many countries. For us, putting an end to this unacceptable environmental burden caused by our industry is more than just a moral commitment. We see in it also an abundance of raw material sources that can be utilized in the future, thanks also to our technology partners who we have targeted and sought out. With wear2wear, FRIVEP and Worn Again Technologies, we have now acquired enough experience to start scaling up our lighthouse projects,” said Dr. Rüdiger Fox, CEO of Sympatex Technologies. Ralf Hellmann, CEO of Dibella explains: “If we take current planetary boundaries and climate targets into consideration, it becomes clear that a circular use of resources must be targeted as basis for corporate policy. In cooperation with strategically relevant partners, we can perfectly solve this future task. We therefore decided to join the Worn Technologies’ Pioneer Members’ programme that will allow us to develop circular textiles using resources that can go back into new products as part of a repeatable process at the same product quality”. Shamini Dhana, Founder and CEO of Dhana Inc. says, “Our commitment to the principles of circular fashion encompasses the adoption of new streams of waste-to-fibre technology which is exactly what Worn Again Technologies provides – a solution to today’s most sought after challenge – the need to divert and convert millions of pounds of textile waste from the landfill into valuable commodities and economic opportunity.” – Ends –  

Press Enquiries

The Communications Store Katerina Jarvis | Senior Account Director | Katerina.Jarvis@TCS-UK.net Ellie Eversett | Senior Account Executive | Eleanor.Eversett@TCS-UK.net T: +44 20 7938 1010 www.wornagain.co.uk @wornagainuk  

About Worn Again Technologies

Worn Again Technologies was founded in East London in 2005, with a vision to enable the circularity of raw materials. Today its pioneering polymer recycling technology is being brought to life by world-class scientists and strategic partners who have a shared ambition to fast track this vision. Worn Again Technologies has the support of influential brands and partners, such as H&M and Kering, as well as angel investor Craig Cohon, previously a senior executive of The Coca Cola Company and owner of Cirque du Soleil Russia, whose confidence in the potential of this technology has been invaluable. Worn Again Technologies is also a member of the Ellen MacArthur Foundation, Circular Economy 100 and a project partner for Circle Economy’s Fibersort project which is a technology used to automatically sort large volumes of textiles by fibre type. In November 2017, Worn Again Technologies was invited to become part of the Fashion for Good scaling programme which offers access to a network of business advisors and industry experts, enabling it to accelerate the development and future adoption of its revolutionary polymer recycling technology. In 2018, the company was awarded a grant to become the first chemical recycling technology to be Cradle to Cradle (C2C) certified. The Cradle to Cradle Certified™ Product Standard assesses a product through five quality categories – material health, material reutilisation, renewable energy and carbon management, water stewardship and social fairness. The grant goes towards the official assessment process of these categories by an independent assessor and will certify the product being produced in licensed plants.

Worn Again Press Release – July 2018

WORN AGAIN TECHNOLOGIES BREAKS BOUNDARIES, RAISING £5 MILLION INVESTMENT, ACCELERATING IT TO MARKET

  Worn Again Technologies – hits £5 million investment target to accelerate its trail-blazing polymer recycling technology, cracking the code on the circularity of raw materials for the global textiles and apparel industry. Worn Again Technologies is leading the charge to solve part of the world’s plastic crisis and the growing problem of textiles waste to landfill. After more than six years of intensive R&D, Worn Again Technologies is coming out of the lab and bringing its patented technology to market. CEO, Cyndi Rhoades said, “There are enough textiles and plastic bottles ‘above ground’ and in circulation today to meet our annual demand for raw materials to make new clothing and textiles. With our dual polymer recycling technology, there will be no need to use virgin oil by-products to make new polyester and the industry will be able to radically decrease the amount of virgin cotton going into clothing by displacing it with new cellulose fibres recaptured from existing clothing.” Worn Again Technologies’ patented process can separate, decontaminate and extract polyester polymers and cellulose (from cotton) from non-reusable textiles, as well as plastic bottles and packaging, to go back into new products as part of a repeatable process. The innovation cracks the code not only by being able to separate both polyester and cotton but also by being able to produce two end products that are both comparable in quality and have the aim of being competitive in price to virgin resources. The process saves energy and will accelerate us towards a waste-free, circular resource world. Currently, less than 1% of non-wearable textiles are turned back into new textiles due to technical and economic limitations of current recycling methods. Worn Again Technologies can reprocess pure and blended cotton and polyester textiles (together representing 80% of all clothing and textiles) meaning its solution offers the potential to increase the recycling of raw materials in textiles exponentially from the current 1%, with no price premium to manufacturers, brands or the consumer. Cambridge PhD and Worn Again Technologies Chief Scientific Officer, Dr. Adam Walker sums it up, “The solution to the world’s plastics problem is not to stop using plastic altogether. We have a solution to address the burgeoning need for recycling non-rewearable textiles and plastics and we’ve been clamouring to get on with it for many years. This investment, combined with the increasing geopolitical awareness of the need for this technology, is enabling us to push through the scale-up and validation work to reach the market on an accelerated timescale.” The industry is starting to wake up to Dr. Walker and the Worn Again scientists. Last month, the company was awarded a grant to become the first chemical recycling technology to be Cradle to Cradle (C2C) certified. “For the last few years, fighting against industry inertia and resistance to investing in our solution was incredibly difficult. Everyone in the industry was waiting for someone else to take the lead” said angel investor and Chairman Craig Cohon. “It’s been a challenge but we have now brought together an esteemed group of pioneers who share a likeminded vision for the future.” The catalyst for the investment was fashion retailer H&M, now joined by new partners including Sulzer Chemtech, one of the world’s largest chemical engineering companies; Mexico based Himes Corporation, a garment manufacturer; Directex, a textiles producer and Miroslava Duma’s Future Tech Lab. The combined investment and support enables the optimisation phase of the technology in the lab as well as industrial trials, scaling and designing of the industrial process with Sulzer Chemtech. These crucial steps will finalise developments to the point at which the technology is complete and ready for commercialisation. Worn Again Technologies has also partnered with Qvartz, a management consultancy firm with Nordic roots and global reach, to support its direction setting, partnership development and commercialisation model. Worn Again Technologies is currently enlisting local, national and global investors and strategic partners who want to be part of the rapid expansion plan as it prepares for the first industrial demonstration plant to be launched in 2021. – Ends –  

Press Enquiries

The Communications Store Katerina Jarvis | Senior Account Director | Katerina.Jarvis@TCS-UK.net Ellie Eversett | Senior Account Executive | Eleanor.Eversett@TCS-UK.net T: +44 20 7938 1010 www.wornagain.co.uk @wornagainuk  

About Worn Again Technologies

Worn Again Technologies was founded in East London in 2005, with a vision to enable the circularity of raw materials. Today its pioneering polymer recycling technology is being brought to life by world-class scientists and strategic partners who have a shared ambition to fast track this vision. Worn Again Technologies has the support of influential brands and partners, such as H&M and Kering, as well as angel investor Craig Cohon, previously a senior executive of The Coca Cola Company and owner of Cirque du Soleil Russia, whose confidence in the potential of this technology has been invaluable. Worn Again Technologies is also a member of the Ellen MacArthur Foundation, Circular Economy 100 and a project partner for Circle Economy’s Fibersort project which is a technology used to automatically sort large volumes of textiles by fibre type. In November 2017, Worn Again Technologies was invited to become part of the Fashion for Good scaling programme which offers access to a network of business advisors and industry experts, enabling it to accelerate the development and future adoption of its revolutionary polymer recycling technology. In 2018, the company was awarded a grant to become the first chemical recycling technology to be Cradle to Cradle (C2C) certified. The Cradle to Cradle Certified™ Product Standard assesses a product through five quality categories – material health, material reutilisation, renewable energy and carbon management, water stewardship and social fairness. The grant goes towards the official assessment process of these categories by an independent assessor and will certify the product being produced in licensed plants.