Mr. Blake Amundson reports

CERES GLOBAL AG CORP. ANNOUNCES AMENDMENT TO CREDIT FACILITY THAT SUPPORTS REGENERATIVE AGRICULTURE PROGRAM

Ceres Global Ag Corp. has amended its credit facility led by Macquarie Group as administrative agent on behalf of a syndicate group of lenders, including Bank of Montreal and Cooperative Rabo Bank U.A.

The amended credit facility is a sustainability-linked loan with a 0.08-per-cent interest rate deduction if Ceres achieves certain key performance indicators linked to the corporation's regenerative agriculture initiatives. Under the amended credit facility, the maturity date was extended two years to Feb. 3, 2027.

"This sustainability-linked loan is a validation of our Oregen regenerative agriculture program, which is proving to be an important initiative that has enabled Ceres to forge strong relationships with farmers and deliver value to our miller customers," said Blake Amundson, vice-president and chief financial officer at Ceres Global Ag. "This offering connects growers with the agronomic tools and regenerative agriculture processes that meet the increasing demand from millers for regen ag products. This has been a key differentiator for Ceres, enabling us to win supply agreements with some of the world's leading grain millers."

"We have been focused on enabling and facilitating connections across the supply chain through our Oregen program. Understanding the needs of our mill customers, and ultimately the consumer packaged goods companies and retailers that they serve, has allowed us to deploy solutions at the farm that add value to both the miller and our grower partners," added Jeff Wildeman, managing director of regenerative agriculture and origination at Ceres.

"Ceres has emerged as a leader in regenerative agriculture, which is becoming an important part of the grain supply chain to meet consumer demand," said John Spillane, senior managing director in Macquarie's commodities and global markets business. "Through this credit facility, we are pleased to support Ceres in its business growth and this important sustainability initiative."

About Ceres Global Ag Corp.

Ceres and its subsidiaries add value across agricultural, energy and industrial supply chains through efficient sourcing, storing, transporting and marketing of high-quality agricultural commodities, value-added products and raw materials. Leveraging its network of commodity logistics centres and team of industry experts, Ceres connects farmers to customers around the world.

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