Mr. Paul Householder reports

AGI RELEASES 2024 SUSTAINABILITY REPORT

Ag Growth International Inc. has released its 2024 sustainability report.

The report highlights Ag Growth's recent performance and achievements across a range of sustainability-related topics.

"I am pleased to present our 2024 sustainability report, which showcases our recent achievements in sustainability, including our unwavering commitment to global food security, record safety performance and progress in reducing greenhouse gas emissions intensity," commented Paul Householder, president and chief executive officer of Ag Growth. "I am inspired by the dedication and efforts of our global work force to advance our sustainability strategy and related goals. Over the past year, we have made measurable progress in reducing our environmental impact, fostering a safe and inclusive culture, and upholding the highest standards of governance and ethics. By driving these initiatives forward, we are enhancing the long-term resilience of our business."

Highlights from the report include progress on employee safety, greenhouse gas emissions and employee engagement, among others. Key highlights include:

• Details of Ag Growth's contribution to support global food security;
• Significant improvements in safety performance, with a reduction in its lost-time incident rate (1) by 46 per cent and in its total recordable incident rate (2) by 49 per cent from 2023 levels;
• Reduced its Scope 1 and 2 greenhouse gas emission intensity by 16 per cent, on track to achieve its target of reducing intensity by 25 per cent by 2030;
• Achieved 100-per-cent compliance on Ag Growth's annual employee ethics confirmation in 2024;
• Over 96 per cent of its global work force completed training on unconscious bias.

The full 2024 sustainability report is available on Ag Growth's website.

About Ag Growth International Inc.

Ag Growth is a provider of the equipment and solutions required to support the efficient storage, transport and processing of food globally. Ag Growth has manufacturing facilities in Canada, the United States, Brazil, India, France and Italy, and distributes its product worldwide.

(1) Lost-time incident rate is calculated in line with U.S. Occupational Safety and Health Administration standards. This metric references the number of lost-time injuries per 100 employees per year, assuming a 40-hour workweek and 50 weeks worked.

(2) Total recordable incident rate is calculated in line with OSHA standards. This metric references the number of recordable incidents per 100 full-time employees annually.

We seek Safe Harbor.