Mr. Andrew Jacklin reports

AGI ANNOUNCES FULL EXERCISE OF OVER-ALLOTMENT OPTION IN CONNECTION WITH THE PUBLIC OFFERING OF SENIOR SUBORDINATED UNSECURED DEBENTURES

Ag Growth International Inc.'s overallotment option on its offering of convertible unsecured subordinated debentures has been exercised in full, resulting in the issuance of an additional $12.75-million aggregate principal amount of debentures, bringing the total offering to $97.75-million aggregate principal amount of debentures.

The debentures will bear interest from the date of issue 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 will have a maturity date of June 30, 2030, and are listed for trading on the Toronto Stock Exchange under the symbol AFN.DB.K.

The net proceeds of the offering are expected to 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.

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.

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.