Mr. Nicholas Estrela reports

SAPUTO ANNOUNCES ELECTION OF DIRECTORS

Saputo Inc. has noted that the nominees listed in the management information circular dated June 8, 2023, were elected as directors of Saputo at the annual meeting of shareholders held on Aug. 11, 2023.

Each of the following nine nominees proposed by the board of directors was elected as a director of Saputo, pursuant to a vote conducted by ballot. The outcome of the proxies received by the company and the ballots cast are shown in the associated table.

About Saputo Inc.

Saputo, one of the top 10 dairy processors in the world, produces, markets and distributes a wide array of dairy products of the utmost quality, including: cheese, fluid milk, extended-shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada, a leading dairy processor in Australia, and the top dairy processor in Argentina. In the United States, Saputo ranks among the top three cheese producers, and is one of the top producers of extended shelf-life and cultured dairy products. In the United Kingdom, Saputo is the leading manufacturer of branded cheese and dairy spreads. In addition to its dairy portfolio, Saputo produces, markets and distributes a range of dairy alternative cheeses and beverages. Saputo products are sold in several countries under market-leading brands, as well as private label brands.