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2017-10-06

Cassandra Oil: Update from Cassandra Oil and REAKTOR APS

As recently published, REAKTOR APS have agreed a purchase of one CASO
processing plant from Cassandra Oil AB at a price of €4.5 million,
through a JV agreement. Consequently, REAKTOR APS is in the process
of rearranging their company structure, resulting in their existing
business and the new JV operating as 2 separate companies. The JV
ownership is broken down as follows: 38% by REAKTOR APS, 38%
Cassandra Oil, 20%, Danish private investors, and the remaining 4%
are held by an international commodity and financial broker

The new CASO processing plant will be assembled at Sjölanders
Mekaniska AB's premises at Sjöhagsvägen 14 in Västerås, Sweden and
the construction work will commence in November 2017. The commercial
processing of discarded tyres is estimated to start during the first
half of 2018.

This CASO processing plant will be managed by Cassandra OIL AB and
installed in an existing building at De Nova Aps' site, at Havnevej
25, 3300 Frederiksværk in Denmark. REAKTOR APS is an associated
company to De Nova Aps.

Cassandra and REAKTOR are looking forward to a prompt start of
prosperous venture and partnership.

For further information, please contact

Mr. Flemming B. Jørgensen, REAKTOR APS +45 40501314 or

Mr. Anders Olsson, Cassandra Oil AB +46 761632100

+------------------------------------------------------------------------------+
|This information is information that Cassandra Oil AB is obliged to make |
|public pursuant to the EU |
|Market Abuse Regulation and the Security Markets Act. The information was |
|submitted for publication, through the agency of contact person set out above,|
|on October 6, 2017. |
| |
+------------------------------------------------------------------------------+

För ytterligare information, vänligen kontakta

Anders Olsson, Verkställande direktör
Tel: 076-16 32 100

Cassandra Oil är ett svenskt miljöföretag som med hjälp av ny teknik
producerar olja ur kolvätehaltigt material, till exempel uttjänta
bildäck, plastavfall, "oljesludge", spillolja och på sikt även
oljesand, oljeskiffer och elektronikskrot. Cassandra Oils aktie är
listad på Nasdaq First North Stockholm med kortnamn CASO. Remium
Nordic AB är bolagets certified adviser. Antalet aktieägare uppgår
till ca 8 000.

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http://news.cision.com/se/cassandra-oil/r/update-from-cassandra-oil-and-...
http://mb.cision.com/Main/218/2362172/732765.pdf

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