Market

| Hydro's underlying earnings before financial items and tax declined to NOK 1,501 million in the first quarter, down from NOK 1,566 million in the fourth quarter of 2015.

| Umicore announced today an acceleration of its capacity expansion investments for NMC (nickel manganese cobalt) cathode materials. The acceleration is required to meet a surge in demand for materials used in hybrid and electric vehicles.

| Smurfit Kappa states, that the company has been commended for its innovation, expertise and commitment to the highest standards of sustainability by its long term partner, Philips, achieving the Philips Lighting – Quality and Sustainability Excellence Award.

| Toumbas Special Vehicles Superstructures, one of the main suppliers of waste collection vehicles in Greece and Eastern Europe, has supplied eight of its DT16 series 16m3 rear loading waste collection vehicles to the municipality of Ampelokipon Menemenis in Thessaloniki Prefecture.

| The BIR Paper Division has confirmed their panel of invited guest speakers that will provide delegates in Berlin with information of strategic importance in the framework of the current challenging business climate. Under the presidency of Reinhold Schmidt, Recycling Karla Schmidt, the divisional plenary session takes place on Tuesday, 31 May 2016 at 10.30 at the Berlin InterContinental Hotel.

| According to the company revenues increased by 1% in the first quarter of 2016 with strong growth in Automotive Catalysts and Rechargeable Battery Materials more than offsetting the impact of lower metal prices on the various recycling activities.

| The International Copper Study Group (ICSG) released preliminary data for January 2016 world copper supply and demand in its April 2016 Copper Bulletin.

| Anticipating the college of Commissioners on Eco-design policy on 20 April 2016, FEAD has prepared a statement and has contacted the Commissioners to stress the importance of eco-design.

| Stena Metall is acquiring IL Recycling, a total waste management supplier of recycling services, with operations in Sweden and Poland. Stena Metall is developing its position through its subsidiary Stena Recycling AB, a leading company in industrial recycling.

| The World Steel Association (worldsteel) forecasts that global steel demand will decrease by -0.8% to 1,488 Mt in 2016 following a contraction of -3.0% in 2015. In 2017, it is forecast that world steel demand will return to growth of 0.4% and will reach 1,494 Mt.

| Tegos' daughter company Tegos Systems has now acquired the distribution rights for the enwis) environment solutions software and customer contracts from the french company Prodware for an undisclosed amount.

| The American Chemistry Concil announced that the recycling of post-consumer rigid plastics surged 276 million pounds, or 27 percent, in 2014 to reach a new high of over 1.28 billion pounds for the year.

| According to a recent report by the Alocci RI Group, the prices in March were slightly higher and an increase of prices and volume is expected for April.

| Waste Pro Selects CP Group for Single Stream Recycling Facility