Cassandra Oil AB and Ragn-Sells AB form partnership

Stockholm, Sweden 17th July, 2015 – Cassandra Oil AB, the Swedish clean-tech
company, and Ragn-Sells AB, one of Europe’s largest tyre recycling companies
have signed a letter of intent to begin a collaboration on waste treatment
through pyrolysis.
Cassandra Oil AB (CASO) owns proprietary rights and manufactures a technology
for pyrolysis.

Ragn-Sells have control of large quantities of hydrocarbon-containing waste that
is considered suitable for treatment with pyrolysis. Cassandra Oil's technology
could provide greater environmental benefits compared to today's solutions and
support the communities in their efforts to achieve a circular economy.
For further information, please contact

Per Olsson, CEO Cassandra Oil AB, tel: +46 73 55 88 900
Jonas Roupé, Head of marketing, Ragn-Sells AB, tel +46 73 066 6828
About Cassandra Oil AB  www.cassandraoil.com
 (http://file///Y:/Solbergs%20jobb/Cassandra%20Oil/Internet/xxx
-L%C3%B6pande%20arbete/2015-07
-17%20Ragnsells/Cision/www.cassandraoil.com)Cassandra Oil is a Swedish clean
-tech company that uses cutting-edge technology to produce oil from materials
containing hydrocarbons, such as used car tires, plastic waste, oil sludge,
waste oil and, in the future, oil sands, oil shale and electronic waste.

Cassandra Oil is listed on Nasdaq First North Stockholm as (ticker) CASO. Remium
Nordic AB is acting as the company’s certified adviser. Cassandra Oil AB has
approximately 8000 shareholders.

About Ragn-Sells Group  www.ragnsells.se
 (http://file///Y:/Solbergs%20jobb/Cassandra%20Oil/Internet/xxx
-L%C3%B6pande%20arbete/2015-07-17%20Ragnsells/Cision/www.ragnsells.se)Ragn-Sells
is a privately owned group of companies with operations in six countries. Since
1966, we work with waste management, and environmentally friendly recycling. Our
business history dates back to the 1800s. We collect, treat and recycle waste
and residues from industry, organizations as well as municipal waste.

We have nearly 2,500 employees, including specialists in many fields - from
treatment experts who design and operate recycling facilities to experts in
hazardous waste clean up and recycling.  We also offer consulting services with
specialists in various areas such as chemicals, environment, energy and waste
management as a complement to the physical activities.

The Group has a turnover of 4.5 billion SEK per year and our employees have more
than 1,600 vehicles in operation.