Agronomics Regulatory News (ANIC)

18 March 2024

Agronomics Limited

("Agronomics" or the "Company")

Meatly Creates the World's First Cans of Cultivated Pet Food Through Partnership

with Omni

Agronomics (LSE: ANIC), a leading listed company focused on the field of cellular agriculture, is pleased to announce that portfolio company Good Dog Food Ltd (trading as "Meatly") has created the world's first cans of pet food that use cultivated chicken as a protein source. The product was created in collaboration with Meatly's first brand partner Omni Pet Ltd ("Omni"), a fast-growing novel protein pet food company in the UK, founded by veterinarian Dr Guy Sandelowsky.

Omni has achieved more than £2 million in sales to date selling dog food crafted from pulse, algae and yeast protein. The use of Meatly's cruelty-free chicken ingredient marks an important step in the mission of both companies to offer ethical and more environmentally friendly and healthy products for pets.

Once its product has been granted regulatory approval, Meatly-produced pet food will be made available in shops across the country through partnerships with retailers and manufacturers like Omni. As an early investor in Meatly, Pets at Home Limited plans to be the first retailer to offer these products in its stores.

Formerly known as 'Good Dog Food', the cultivated meat company rebranded as Meatly in November 2023 and has been working with the UK's Food Standards Agency and the Department for Environment Food & Rural Affairs to obtain approval for its cultivated chicken pet food to become available to buy in the UK.

Owen Ensor, Co-founder and CEO of Meatly, said:

"It is incredibly exciting to see the first ever cans of cultivated pet food fly off the production line. This is a major milestone for cultivated meat globally and shows that we are ready to sell product."

"As demand continues to grow, with pet food already accounting for 20% of meat produced globally, so too

does the industry's environmental impact. Cultivated meat gives pet parents an easy choice - high-quality,

tasty, nutritious, and sustainable pet food. We're thrilled to work with innovative companies like Omni to

make this a reality as soon as possible."

Jim Mellon, Agronomics' Executive Chairman added:

"This partnership shows the rapid progress Meatly has made in a very short period of time. Founded only 2 years ago, and with minimal capital, the company has now demonstrated it is ready to bring its product to market with key partners in the pet food industry. While regulatory approval has taken longer than anticipated, we are optimistic that Meatly's work with the governing authorities will be able to accelerate the timeline and launch its product shortly after."

About Meatly

Meatly (previously known as Good Dog Food) was founded in 2022 by CEO Owen Ensor and CSO Dr Helder Cruz

with backing from investor Agronomics. The company produces ethical and sustainable cultivated meat products

without compromising on essential nutritional benefits. Its current focus is on the pet food market. Learn more at http://meatly.pet.

About Agronomics

Agronomics is a leading listed company focussing on investment opportunities within the field of cellular agriculture. The Company has established a portfolio of over 20 companies in this rapidly advancing sector. It seeks to invest in companies owning technologies with defensible intellectual property that offer new ways of producing food and ingredients with a focus on products historically derived from animals. These technologies are driving a major disruption in agriculture, offering solutions to improve sustainability and address human health, food security, and animal welfare. A full list of Agronomics' portfolio companies is available at https://agronomics.im/.