Mr. Young Bann reports

EAT & BEYOND'S PORTFOLIO COMPANY, PURPOSE ESG, TARGETS GROWING CO2 REDUCTION SECTOR THROUGH INVESTMENT IN CARBON UPCYCLING TECHNOLOGIES

Eat & Beyond Global Holdings Inc.'s portfolio company, Purpose ESG Holdings Inc., an investment issuer building a portfolio of clean tech companies that support environmental, social and governance (ESG) outcomes, has invested in Carbon Upcycling Technologies.

Carbon Upcycling is an award-winning climate tech company. Its patented carbon utilization technology helps hard-to-decarbonize industries transform carbon emissions, local industrial waste and natural materials into carbon-enhanced additives. It is unlocking the next frontier of circular materials for the $750-billion cement industry and for plastics and consumer products.

"A report by Deutsche Welle (DW) in 2022 found that the cement and concrete industry alone produces 8 per cent of all global CO2 emissions," said Purpose ESG's chief executive officer, Young Bann. "That makes Carbon Upcycling's offerings very relevant since their primary focus is their unique, low-energy solution that lowers carbon emissions from concrete by at least 10 per cent. That ability to address market and climate change urgencies played a large part in the Purpose ESG team investing in Carbon Upcycling as a vehicle with the potential for outsized returns on investment."

Carbon Upcycling's patented technology also sequesters carbon dioxide inside materials, improving their performance for sectors beyond cement, like plastics manufacturing, coatings and consumer products.

The prestigious industry awards Carbon Upcycling has won also contributed to the Purpose ESG team choosing to invest, including:

• Concrete Innovations -- Innovative Company 2022/2023;
• Foresight 50 most investable cleantech ventures -- 2022;
• Cleantech Forum -- Global Cleantech 100 most investable companies -- 2022;
• X-prize X-Factor Award winner -- 2021.

Since 2014, Carbon Upcycling's milestones include scaling up its technology to its current commercial reactor and producing over 2,000 tonnes of low-carbon cement replacements for the Western Canadian market. The company continues to scale its technology and now has five commercial projects under way with some of the largest cement producers globally, including CRH and CEMEX. Today, Carbon Upcycling has production facilities in place to support expected full-scale revenue generation in 2023.

Carbon Upcycling has been awarded over $11-million in grants from national and provincial institutions such as National Resources Canada and Emissions Reduction Alberta. Since the start of 2023, it has already been awarded funding for a $4.4-million project and a $600,000 project that includes a transnational consortium between Carbon Upcycling and the U.S. Department of Energy-funded National Renewable Energy Laboratory (NREL).

Purpose ESG is now looking forward to helping the Carbon Upcycling team identify and realize growth opportunities, with expectations for significant market penetration and leadership in 2023.

About Purpose ESG Holdings Inc.

Purpose ESG Holdings is an investment issuer building a portfolio of clean tech companies that support environmental, social and governance (ESG) outcomes, with a focus on electrification, energy transitions, circular economy, carbon and new tech. Purpose ESG provides its investors with the opportunity to participate in the growth of a portfolio of breakthrough technologies and value chain solutions with market leadership potential. The company works closely with its portfolio companies to drive their growth and success, ultimately working to build a smarter, cleaner and more sustainable future.

About Eat & Beyond Global Holdings Inc.

Eat & Beyond is an investment issuer that identifies and makes equity investments in global companies that are developing and commercializing innovative food tech and sustainability. Led by a team of industry experts, Eat & Beyond is the first issuer of its kind in Canada, providing retail investors with the unique opportunity to participate in the growth of a broad cross-section of opportunities in the alternative food and sustainability sectors, and access companies that are leading the charge toward a smarter, more secure food supply.

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