Update on Biffa's agreement to acquire Viridor's Collections business and certain Recycling assets

Biffa plc ('Biffa', 'the Group' or 'the Company') (LSE: BIFF), is pleased to announce that following correspondence with the Competition and Markets Authority ('CMA'), the CMA has confirmed that it has no further questions for Biffa in relation to the transaction at this time.

Accordingly Biffa now expects to complete the transaction on 31^st August 2021.

This acquisition, which was announced on 21^st May, expands the Group's collections business and recycling capabilities while enhancing its leading position in UK sustainable waste management.

You can read the full announcement from 21^st May here: https://www.biffa.co.uk/media-centre/news/acquisition-of-viridors-collections-business-and-certain-recycling-assets

ENQUIRIES:

Biffa

Investors & Analysts

Michael Topham, Chief Executive Officer or Richard Pike, Chief Financial Officer

ir@biffa.co.uk

Media

Houston

0204 529 0549

biffa@houston.co.uk

Financial Advisers:

HSBC Bank plc and Rothschild & Co acted as joint Financial Advisers to Biffa.

About Biffa

With a history of leading the UK's waste management industry for over 100 years, today Biffa is an established enabler of the UK circular economy.

Our team of more than 9,000 colleagues carry out essential operations every day to support the UK circular economy including collection, surplus redistribution, recycling, treatment, disposal and energy generation.

Our purpose is 'to change the way people think about waste' and sustainability has been at the heart of our business strategy for many years. We have already made huge strides in our sustainability journey by investing in plastic recycling and energy from waste infrastructure, surplus redistribution and low carbon collections, leading to a 70% reduction in our carbon emissions since 2002. Our sustainability strategy 'Resourceful, Responsible' will see us unlock £1.25bn of investment in vital green economy infrastructure by 2030, while further reducing our carbon emissions by 50% by 2030. We aim to have net zero emissions no later than 2050.

We understand that we must lead by example and are committed to further improving health, safety and wellbeing in our sector. We are proud to have been awarded a 5 star grading by the British Safety Council. We have also made strong progress in making sure Biffa is an inclusive place to work where diversity is championed and our >9,000 strong workforce feel valued and understand the positive contribution they make to enabling the UK circular economy.

Our long-standing Biffa Award programme supports sustainable projects across the UK which deliver environmental benefits while making a valuable contribution to local communities. Our partnership with WasteAid helps countries in the developing world with managing their waste more sustainably.

For more information visit www.biffa.co.uk/investors