Aperam BioEnergia kicks off Patch partnership by selling 15,000 metric tons
of carbon removal

   Aperam S.A. / Key word(s): Miscellaneous
   Aperam BioEnergia kicks off Patch partnership by selling 15,000
   metric tons of carbon removal
   02-Apr-2024 / 09:59 CET/CEST
     ____________________________________________________________

   
   Aperam BioEnergia kicks off Patch partnership by selling 15,000
   metric tons of carbon removal

   Luxembourg, 2 April 2024 (10:00 CET) - Aperam BioEnergia, unit of
   the Aperam Recycling & Renewables Division located in Brazil, has
   recently partnered with Patch, a global platform connecting
   carbon credit buyers and sellers, to sell biochar carbon credits
   on the voluntary carbon market. The new partnership has already
   resulted in the sale of 15,000 metric tons of biochar carbon
   removal. Aperam began its first delivery via Patch in January
   this year, providing a certificate of 8.5 thousand tons of CO2e
   removed. The second parte (6.5 thousand tons of removals) was
   delivered in March.

   These certificates originate from biochar applied to the soil in
   Aperam BioEnergia planted forests, located in the Jequitinhonha
   Valley. Biochar is the charcoal-like substance that results from
   heating organic agricultural or forestry waste (known as biomass)
   without oxygen, it can store carbon out from the atmosphere for
   hundreds to even thousands of years.

   Tim di Maulo, CEO of Aperam, commented: 'Previously used as
   low-value-added waste for the cement industry, biochar began to
   be used by BioEnergia as an important co-product of forest
   management, fully integrated into the concept of circular
   economy. Our entry into the carbon removal market is a great
   example that, for Aperam, developing the solutions that the
   economy of the future requires goes beyond producing electrical
   and stainless steel with a low carbon footprint'.

About Aperam

   Aperam is a global player in stainless, electrical and specialty
   steel, with customers in over 40 countries. Since January 2022,
   the business is organized in four primary reportable segments:
   Stainless & Electrical Steel, Services & Solutions, Alloys &
   Specialties and Recycling & Renewables.

   Aperam has a flat Stainless and Electrical steel capacity of 2.5
   million tonnes in Brazil and Europe and is a leader in high value
   specialty products. In addition to its industrial network, spread
   over six production facilities in Brazil, Belgium and France,
   Aperam has a highly integrated distribution, processing and
   services network and a unique capability to produce low carbon
   footprint stainless and special steels from biomass, stainless
   steel scrap and high performance alloys scrap. With 5 of its main
   6 facilities certified ResponsibleSteelTM, Bioenergia and its
   unique capability to produce charcoal made from its own
   FSC®-certified forestry and, with ELG, a global leader in
   collecting, trading, processing and recycling of stainless steel
   scrap and high performance alloys, Aperam's places sustainability
   at the heart of its business, helping customers worldwide to
   excel in the circular economy.

   In 2023, Aperam had sales of EUR  6,592 million and shipments of
   2.20 million tonnes.

   For further information, please refer to our website at
   www.aperam.com.

Contact

   Global Head of Communications / Raquel Faria: M: +352 661 128
   989; raquel.faria@aperam.com

   Investor Relations / Thorsten Zimmermann: +352 661 570 250;
   thorsten.zimmermann@aperam.com

____________________________________________________________

   Dissemination of a Financial Wire News, transmitted by EQS Group.
   The issuer is solely responsible for the content of this
   announcement.
     ____________________________________________________________

1871325 02-Apr-2024 CET/CEST