Mr. Gabriel Kabazo reports

PLANTIFY FOODS CLARIFIES DISCLOSURE REGARDING OMNIBUS EQUITY INCENTIVE PLAN

Plantify Foods Inc. has clarified certain disclosure contained in the company's omnibus equity incentive plan attached as Appendix C to the company's management information circular dated Nov. 4, 2025, prepared in connection with the annual general meeting of the company's shareholders held on Dec. 8, 2025.

At the meeting, the shareholders of the company approved the omnibus plan. The omnibus plan reserves for issuance: (a) pursuant to the exercise of stock options of the company, 10 per cent of the total number of common shares issued and outstanding in the capital of the company from time to time; and (b) pursuant to the settlement of deferred share units of the company, performance share units of the company and restricted share units of the company, 14,597,636 common shares, being 10 per cent of the total number of issued and outstanding common shares as of the date of implementation of the omnibus plan, in each case subject to adjustment in accordance with the omnibus plan.

In accordance with the omnibus plan, following completion on Nov. 8, 2024, of the consolidation of the common shares on the basis of one postconsolidation common share for every 200 preconsolidation common shares, the fixed share limit was correspondingly reduced to 72,988 common shares.

The copy of the omnibus plan attached as Appendix C to the information circular inadvertently stated the fixed share limit as 14,597,636 common shares, being the preconsolidation fixed share limit, rather than 72,988 common shares, being the postconsolidation fixed share limit.

As at the date hereof, there are no awards outstanding under the omnibus plan other than options.

This correction does not materially affect the terms of the omnibus plan, any awards previously granted thereunder or the outcome of the matters approved by the shareholders of the company at the meeting. All other disclosure contained in the information circular remains unchanged.