Mr. Matthew Schroeder reports

AGT ANNOUNCES NORMAL COURSE ISSUER BID

AGT Food and Ingredients Inc. has received Toronto Stock Exchange acceptance for its notice of intention to make a normal course issuer bid (NCIB). Pursuant to the NCIB, AGT intends to purchase for cancellation up to 3,381,324 common shares in the capital of the company, representing approximately 5 per cent of AGT's issued and outstanding common shares. As of May 31, 2026, AGT had 67,626,474 common shares issued and outstanding.

AGT believes that the market price of the common shares may, at certain times throughout the duration of the NCIB, be undervalued based on AGT's financial performance and prospects, and accordingly, the board of directors of the company is of the opinion that the purchase of common shares is an appropriate use of funds in order to increase shareholder value.

Under the NCIB, AGT may purchase up to 19,998 of its common shares on the TSX during any trading day, which represent 25 per cent of the average daily trading volume of 79,993 common shares on the TSX since it became listed on the TSX, other than block purchase exemptions. Purchases under the NCIB may commence on June 5, 2026, and continue until June 4, 2027, or such earlier date as AGT completes its purchases pursuant to the NCIB.

The NCIB will be conducted in accordance with TSX rules and policies through the facilities of the TSX or alternative trading systems in Canada, if eligible, and the price that AGT will pay for any common shares will be the market price prevailing at the time of purchase or such other price as may be permitted.

In connection with the NCIB, the company also announces that it has entered into an issuer automatic purchase plan agreement with an independent designated broker responsible for making purchases of common shares pursuant to the plan. Under the plan, the broker will have sole discretion to purchase common shares pursuant to the NCIB during trading blackout periods established under the company's insider trading policy, subject to the price limitations and other terms of the plan and the rules of the TSX. The company may instruct the broker to make specific purchases and suspend or terminate the plan, provided in each case that the company certifies to the broker that it is not in possession of any material undisclosed information and such request is otherwise in compliance with the terms of the plan.

About AGT Food and Ingredients Inc.

AGT is a globally diversified food company that produces high-quality, nutritious products for everyday consumption. Its products reach consumers in 127 countries and its global footprint consists of 39 state-of-the-art, highly efficient manufacturing facilities operations across five continents. These facilities are strategically located near critical freight and logistics infrastructure, and in close proximity to key agricultural growing regions, providing AGT with the ability to efficiently source, process and produce healthy plant-based food products that are both tasty and affordable. AGT's integrated supply chain utilizes the latest manufacturing technologies, allowing the company to produce a growing portfolio of packaged food brands in everyday categories, including pasta, pulses, rice and cereals. In addition, AGT is an integral partner to many global packaged food companies and international retailers through production, supply and innovation partnership agreements to manufacture proprietary, value-added products for their owned global and store brands.

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