Policy for part ownership in joint venture constructions

Genan is open to discuss ownership constructions with Genan equity shares of up to 35% on certain conditions.

A high quality of the output, similar to that of Genan’s company-operated plants, has to be assured. A service contract of minimum 3 years in order to secure maintenance and proper operation of the plant is therefore mandatory.

Besides that, the financial structure of the joint venture company has to be strong with a solvency of
minimum 35%.

Finally, tyre input close to the capacity of the plant will have to be guaranteed for some years by contracts with waste management companies or public authorities in charge of the scrap tyre management system.