An anonymous director reports

ELSE NUTRITION ANNOUNCES AMENDMENT TO EXERCISE PRICE OF WARRANTS IN CONNECTION WITH A C$5 MILLION OVERNIGHT OFFERING OF UNITS PRICED AT-THE-MARKET

Further to the news release dated Nov. 16, 2023, the exercise price of the common share purchase warrants of Else Nutrition Holdings Inc. underlying the offering of 13 million units of the company that are being sold pursuant to the previously announced $5,005,000 overnight offering of units has been increased from 45 cents to 48.5 cents. The company expects to close the offering of the units on Nov. 21, 2023. The units are being offered pursuant to a prospectus supplement to the company's base shelf prospectus dated Nov. 10, 2023. Please see the company's prior news release for additional information on the offering.

About Else Nutrition Holdings Inc.

Else Nutrition (Toronto Stock Exchange: BABY, OTCQX: BABYF and Frankfurt Stock Exchange: 0YL) is a food and nutrition company in the international expansion stage focused on developing innovative, clean and plant-based food and nutrition products for infants, toddlers, children and adults. Its revolutionary, plant-based, non-soy formula is a clean-ingredient alternative to dairy-based formulas. Since launching its plant-based complete nutrition for toddlers, made of whole foods, almonds, buckwheat and tapioca, the brand has received thousands of powerful testimonials and reviews from parents, gained national retailer support, and achieved rapid sales growth.

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