Ms. Sage Berryman reports

ALUULA COMPOSITES ANNOUNCES RETIREMENT OF PETER BERRANG AND APPOINTMENT OF CHRISTOPHE DARDEL TO THE BOARD OF DIRECTORS

Aluula Composites Inc.'s Peter Berrang has retired from its board of directors and the company has appointed Christophe Dardel as an independent director, effective immediately.

Mr. Berrang served on Aluula's board during a critical phase of the company's evolution from start-up and advanced materials innovation on to stabilization enabling the next phase of focused commercial execution and growth. The board and management team thank Mr. Berrang for his valuable contributions, insight and service to Aluula.

"Peter has been a thoughtful and supportive director as Aluula strengthened its materials platform and positioned the business for scale," said Sage Berryman, president and chief executive officer of Aluula. "We thank him for his contributions and wish him all the best in his retirement."

The company also announced the appointment of Mr. Dardel to its board of directors. Mr. Dardel is a seasoned global materials executive with deep experience in advanced materials, ingredient brand development and industrial scale-up across global markets.

Mr. Dardel currently serves as director of strategic partnerships at AFYREN, a green chemistry company operating a fully circular industrial model, where he leads the development of long-term partnerships across global value chains. Since its founding in 2012, AFYREN has raised over 180 million euros, including a 70-plus-million-euro IPO in 2021, enabling the transition from pilot operations to industrial-scale production.

Previously, Mr. Dardel served as president of DSM Dyneema, the inventor and manufacturer of Dyneema, the world's strongest fiber, where he helped establish Dyneema as a leading global B2B (business-to-business) ingredient brand while maintaining premium positioning and strong intellectual property protection. During this period, he also served as a board member of Nippon Dyneema Co. Ltd., a joint venture between DSM and Toyobo in Japan.

Mr. Dardel also brings start-up leadership experience, having served as chief executive officer of EnobraQ, a synthetic biology company focused on enabling the industrial use of CO2 (carbon dioxide) as a sustainable feedstock for large volume chemical production. Earlier in his career, he held senior leadership roles at DSM Biomedical, DuPont and 3M.

"Christophe's experience building and scaling premium global ingredient brands and IP rich materials platforms is directly aligned with ALUULA's growth strategy," said Ms. Berryman. "His background in industrialization, global partnerships and sustainability-oriented materials innovation strengthens our Board as we continue to scale the business."

The board noted that this appointment forms part of its continuing review of board composition to ensure Aluula's governance continues to evolve in support of long-term growth. As the company advances toward scaled commercial execution, the board is focused on adding directors with experience relevant to industrial scale-up, global partnerships, industrial specific experience and advanced materials manufacturing.

About Aluula Composites Inc.

Aluula is an ultralight, high performance and recycle-ready composite materials brand that enhances the performance of outdoor gear, as well as commercial and industrial equipment. Proudly owned and manufactured on the Canadian West Coast, Aluula's innovation is driven by a deep understanding that equipment does not need to sacrifice performance for sustainability. Aluula's materials are known for their unique construction capabilities and their ability to make products lighter, stronger and more sustainable.

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