Mr. Graeme Lempriere reports

CLEAN SEED CAPITAL SIGNS LANDMARK AGREEMENT WITH MAHINDRA AND MAHINDRA LIMITED

Clean Seed Capital Group Ltd. has signed a definitive technology licence and manufacturing agreement with Mahindra and Mahindra Ltd. wherein Mahindra will manufacture and distribute the SMART Seeder Mini-MAX in collaboration with Clean Seed.

Following the establishment of the memorandum of understanding on Jan. 24, 2023, Clean Seed and Mahindra have engaged in a steadfast and diligent collaborative process to develop and finalize this comprehensive, worldwide, licensing, manufacturing and global supply agreement for the innovative SMART Seeder Mini-MAX.

The primary objective of this strategic alliance transcends mere business transactions; its overarching goal is to significantly influence the agricultural sector, starting with a commitment to India. Together, we aspire to establish economic and environmental performance benchmarks in agriculture by enhancing yields to tackle global food security challenges, reducing input costs, prioritizing water conservation, safeguarding agricultural soils from further degradation, and enhancing key environmental outcomes by eliminating extreme tilling and long entrenched stubble burning practices.

Graeme Lempriere -- chief executive officer of Clean Seed -- states: "It is with great pride that I announce the successful execution of our definitive agreement with Mahindra and Mahindra. The collaborative efforts with Mahindra and all stakeholders have been genuinely inspiring. The unwavering commitment from both parties to conclude this agreement has charted a course that promises to make a profound impact on the agricultural landscape both in India and globally. We are honoured to be part of this transformative journey alongside the esteemed organization that is Mahindra. We extend our heartfelt thanks to all the individuals involved on the ground in India and to our dedicated team at home, who have invested an extraordinary amount of time and effort to bring this agreement to a definitive conclusion."

Kairas Vakharia -- senior vice-president and business head -- farm machinery, Mahindra & Mahindra, said: "At Mahindra, we are delighted to partner with Clean Seed, a leading seeding and planting technology player in growing our farm machinery portfolio. Jointly developed and tested the SMART Seeder MINI-MAX is expected to drive input reduction and sustainable farming.

Mahindra's farm equipment sector (FES) part of the Mahindra Group is the world's largest tractor company by volume and owns India's two largest-selling tractor brands. With a presence in over 50 countries, Mahindra FES has technology centres in Japan, Turkey, Finland and India, with a wide range of tractors and a growing presence in farm machinery for crops across the value chain.

About Clean Seed Capital Group Ltd.

Clean Seed is a team of innovators and business management professionals with a proven record of game-changing innovation and production of patented agricultural technologies at a high level.

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