Mr. Andrew Jacklin reports

AGI ANNOUNCES CLOSING OF $85 MILLION PUBLIC OFFERING OF SENIOR SUBORDINATED UNSECURED DEBENTURES

Ag Growth International Inc. has closed the previously announced public offering of $85-million aggregate principal amount of senior subordinated unsecured debentures at a price of $1,000 per debenture. A syndicate led by CIBC Capital Markets, and including National Bank Financial, TD Securities Inc., Scotia Capital Inc., ATB Securities Inc., BMO Capital Markets, RBC Capital Markets, Desjardins Capital Markets, Raymond James and Cormark Securities Inc., acted as underwriters for the offering.

The debentures bear interest at 7.50 per cent per annum, payable semi-annually in arrears on June 30 and Dec. 31 each year, commencing Dec. 31, 2025. The debentures have a maturity date of June 30, 2030, and are listed for trading on the Toronto Stock Exchange under the symbol AFN.DB.K.

Ag Growth has granted the underwriters an overallotment option, exercisable in whole or in part for a period expiring 30 days following closing of the offering, to purchase up to an additional $12.75-million aggregate principal amount of debentures at the same price per debenture.

The net proceeds of the offering will initially be used to repay indebtedness under the company's senior operating credit lines, which will then be available to be redrawn for general corporate purposes.

About Ag Growth International Inc.

Ag Growth is a provider of the physical equipment and digital technology solutions required to support global food infrastructure, including grain, fertilizer, seed, feed and food processing systems. Ag Growth has manufacturing facilities in Canada, the United States, the United Kingdom, Brazil, India, France and Italy, and distributes its product globally.

We seek Safe Harbor.