1 First Quarter 2005. 2 Financial highlights – First quarter 2005 Revenues of 599 MNOK –RVM Technology 250 MNOK –Collection & Materials Handling 187.

1

First Quarter First Quarter 20052005

First Quarter First Quarter 20052005

2

Financial highlights – First quarter 2005

Revenues of 599 MNOK– RVM Technology 250 MNOK– Collection & Materials Handling 187 MNOK– Recycling Technology 66 MNOK– Other non-deposit activities 96 MNOK

Operating profit 10 MNOK

Cash flow from operations 1 MNOK

Total assets 3,370 MNOK– Cash balance 766 MNOK

Note: All figures based on IFRS

3

Segment: RVM Technology

4

RVM Technology

(In MNOK) 1Q05 1Q04

Revenue 250 318

- Nordic 85 128

- Central Europe & UK 84 100

- Rest of Europe - 1

- US East / Canada 81 89

Gross contribution (in %) 123 (49%) 159 (50%)

Operating profit (in %) 31 (12%) 59 (19%)

5

RVM Technology – Highlights

Revenue decrease of 26% to 169 MNOK in first quarter 2005

Nordic revenue down 34% to 85 MNOK to due to exceptionally high volumes in first quarter 2004

Deliveries of machines to Estonia to start in April 2005

Revenue unchanged in USD in the first quarter 2005 vs. 2004, decrease of 9% to 81 MNOK

Lower RVM sales due to postponed timing of key account installations was off-set by higher service/ administration revenue

Europe North America

New generation of RVM’s launched at Euroshop

6

TOMRA at Euroshop 2005

T-820

Uno

7

Germany update

Retail and beverage industries have set up three working groups to finalize preparation for national deposit system to start as of May 2006

Working groups to focus on:– Operational issues (IT, clearing, etc.)– Legal issues– Security system for marking and recognition of deposit

containers

Conclusion on security standard will be an important milestone in preparing for automated handling in a national deposit system

8

Segment: Collection & Materials Handling

Collection Materials Handling

Pick-up & transport Baling

Sorting

9

Collection & Materials Handling

(In MNOK) 1Q05 1Q04

Revenue 187 189

- US East / Canada 101 110

- US West 86 79

Gross contribution (in %) 34 (18%) 36 (19%)

Operating profit (in %) 8 (4%) 5 (2%)

10

Collection & Materials Handling – Highlights

Revenue in Collection (US West) up by 20% to 13.7 MUSD; up 9% measured in NOK to 86 MNOK– Improved profitability due to continued volume

growth & positive development in aluminum prices

Revenue increase of 3% in USD terms in Materials Handling operations (US East & Canada); in NOK terms, down 9% to 101 MNOK– Improved profitability due to cost

reduction/efficiency program executed in 2004

11

Segment: Recycling Technology

TiTech sorting unit

Presona baler

Orwak compactorMorinders compactor

Orwak Group

12

Recycling Technology

(In MNOK) 1Q05 1Q04

Revenue 66 -

- Nordic 14 -

- Central Europe & UK 39 -

- Rest of Europe 4 -

- US East 3 -

- Rest of World 6 -

Gross contribution (in %) 28 (43%) -

Operating profit (9) -

13

Recycling Technology – Highlights

TiTech

Seasonality impacting 1Q-05 performance

Stronger order intake and order backlog expected to lead to growth in 2005

Orwak Group

Consolidated as of 1 January 2005

Strong 4Q-04 performance influencing weak 1Q-05 activity level

Order inflow / order backlog in 1Q-05 in line with 2004, which is expected to lead to improved performance throughout rest of 2005

Integration process of TiTech/Orwak Group with TOMRA

Focus on improved profitability and continued revenue growth

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Segment: Other non-deposit activities

TOMRA Wharehouse

Collection

TOMRA Recycling Plant -

Pindamonhangaba

NovelisRexam Can

Factory

Brazilian operations

TRC project

Business development

15

Other non-deposit activities

(In MNOK) 3m05 3m04

Revenue 96 86

Gross contribution (in %)

14 (15%) 10 (12%)

Operating profit (11) (18)

16

Other non-deposit activities – Highlights

Brazil

Improved profitability with operating profit of 5 MNOK

Japan

Initial pilot in Tokyo positively concluded

Next phase: Securing initial orders & concluding on Sumitomo partnership agreement by middle of 2005

UK / TRC

Technical performance as targeted & consumer response positive

Next five pilot centers to be installed April-July 2005

Pilot phase to run up to March 2006

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Revenue, MNOK EBIT margin

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19

Addendum slides

20

1Q05 segment financials

(in MNOK) RVM Tech

Collection &

Materials

handling

Recycling Tech

Other non-

deposit activitie

s

Group functions

TOTAL

Revenues 250 187 66 96 599

Gross contribution (in %)

123

(49%)

34

(18%)

28

(43%)

14

(15%)

199

(33%)

Operating profit (in %)

31

(12%)

8

(4%)

(9) (11) (9) 10

(2%)

21

1Q04 segment financials

(in MNOK) RVM Tech

Collection &

Materials

handling

Recycling Tech

Other non-

deposit activitie

s

Group functions

TOTAL

Revenues 318 189 - 86 593

Gross contribution (in %)

159

(50%)

36

(19%)

- 10

(12%)

205

(35%)

Operating profit (in %)

59

(19%)

5

(2%)

- (18) (4) 42

(7%)

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Major shareholders*

Shares Ownership

1. Folketrygdfondet 18 923 100 10.6%

2. JP Morgan Chase Bank Clients Treaty Account 10 437 715 5.8%

3. Vital Forsikring ASA DnB NOR Kapitalforvaltning 3 802 589 2.1%

4. Clearstream Banking CID Dept, Frankfurt 3 220 938 1.8%

5. State Street Bank & Client Omnibus D 3 094 340 1.7%

6. Nordea Bank Denmark S/A Nordea (DK) CCA 2 782 529 1.6%

7. VPF DNB NORNorge 2 737 738 1.5%

8. Orkla ASA 2 200 000 1.2%

9. VPF Avanse Norge 2 079 927 1.2%

10. Lombard Odier Darier General Dossier 2 035 590 1.1%

SUB-TOTAL 51 314 466 28.7%

Other shareholders 127 172 093 71.3%

TOTAL (17 238 shareholders) 178 486 559 100.0%

Total foreign ownership 53 866 454 30.2%

*Registered 31 March 2005

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Shares & shareholders*

Country Shares Ownership

Number of shareholders

1. Norway 124 620 105 69.8% 16 370

2. Great Britain 18 579 945 10.4% 76

3. USA 10 631 037 6.0% 179

4. Luxembourg 5 579 722 3.1% 40

5. Denmark 4 834 888 2.7% 75

6. Switzerland 3 403 338 1.9% 24

7. Sweden 2 705 564 1.5% 126

8. Belgium 2 156 278 1.2% 13

9. Germany 1 953 478 1.1% 98

10. The Netherlands 602 623 0.3% 57

TOTAL 98.1% 17 058

*Registered 31 March 2005