Mr. Paul Brisebois reports

AGI ANNOUNCES COOPERATION AGREEMENT WITH PLANTRO

Ag Growth International Inc. has entered into an agreement with Plantro Ltd., pursuant to which the company has agreed to appoint Mick MacBean and Gary Anderson to the board following the upcoming annual and special meeting of shareholders to be held on June 4, 2026. Pursuant to the co-operation agreement, Plantro has withdrawn its previously announced notice of its intention to nominate three individuals for election as directors at the annual meeting.

"We appreciate our constructive engagement with Plantro and are pleased to have come to a mutually acceptable outcome," said Daniel Halyk, board chair. "This development allows AGI to continue to focus on the execution of its restructuring plan with a view to maximizing shareholder value."

To facilitate the board appointments, Jean-Philippe Choquette has decided to resign from the board immediately following the annual meeting. Ag Growth sincerely thanks Mr. Choquette for his significant contributions as the company took integral steps in its continuing restructuring process. "With much of the foundational work now complete and a strong, high-quality board in place, AGI is well positioned to move forward, and I am confident in the board and management team's ability to execute on the company's strategy," said Mr. Choquette.

Under the terms of the co-operation agreement, the company has agreed to establish a strategic committee of independent directors to oversee a formal review of strategic alternatives available to the company to maximize shareholder value. The company has committed to commencing the strategic review process within the next nine months. One of Mr. MacBean or Mr. Anderson will be a member of strategic committee.

Pursuant to the co-operation agreement, Plantro will be subject to certain voting and standstill covenants. The full text of the co-operation agreement is available on the company's SEDAR+ profile.

About Michael (Mick) MacBean

Mr. MacBean is a partner at TriWest Capital Partners. Mr. MacBean serves as a director of a number of private companies across the TriWest portfolio, and is currently a director of Toronto Stock Exchange-listed Terravest Industries Inc. He recently retired from the board of Peyto Exploration and Development Corp., where he served as lead independent director. Mr. MacBean holds a bachelor of commerce degree from the University of Saskatchewan and is a chartered professional accountant and a chartered director.

About Gary Anderson

Mr. Anderson is a co-founder of Ag Growth and was its chief operating officer from inception in 1996 to December, 2010, at which time he became chief executive officer until his retirement in 2015. Mr. Anderson previously served on Ag Growth's board until December, 2020. He served as an executive of agricultural Manufacturers of Canada (AMC), including board chair, and was chair of AMC's Manitoba Provincial Advisory Committee. Mr. Anderson currently serves on the board of directors of Clean Seed Capital Group. Mr. Anderson holds a bachelor of commerce degree from the University of Saskatchewan.

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.

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