Fiven Annual Report 2022 In connection with its Environmental roadmap set up in 2020, the Group has pursued on implementing the different actions listed in the roadmap. Fiven has made the following progress on the main projects and actions: • Initiate the third step of the covering furnace project in Fiven Norge, this step will be completed on the first semester of 2023 • Initiate the project to cover furnaces in Fiven Brazil • Start to use biocarbon source in our Acheson furnaces • Completed the plantation of 116 000 trees, mainly native, on Fiven Brazil land • Implementation in Brazil of a tree’s nursery, in collaboration with Barbacena Municipality and Nordesta company. 10 000 seedlings will be grown every year and distributed to the city community. Environmental Education and awareness programs will accompany the people to whom seedlings will be donated. Outlook for Fiven Group The Fiven Group has proven its resilience in the face of uncertainty and volatility in the current geopolitical and macroeconomic environment, marked by disruptions to energy supply chains in Europe, rising interest rates, and high inflation. Its two-pillar strategy allows it to navigate these challenges effectively, as evidenced by its strong performance in its main markets over the past three years. Fiven's ability to adapt and overcome obstacles gives it confidence in its capability to continue to thrive in the face of ongoing uncertainty. 2022 was financially a very strong year enabling the company to invest in the continued development of the Fiven business as well as preparing for a period of possible prolonged depressed market economics. The Board of Directors of Fiven ASA - Oslo, 22 March 2023 Falk Ast Betty Lunøe Åsheim Chairman Member of the Board Helén Borchgrevink Stein Erik Ommundsen Member of the Board General Manager 24 Board of Directors' Report
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