Mr. Tom Coyle reports

CERES GLOBAL AG CORP. SHAREHOLDERS APPROVE PLAN OF ARRANGEMENT WITH BARTLETT GRAIN COMPANY

At the special meeting of shareholders held earlier today, holders of common shares in the capital of Ceres Global Ag Corp. voted overwhelmingly in favour of the special resolution approving the previously announced statutory plan of arrangement pursuant to which 1001239530 Ontario Inc., a newly formed entity controlled by Bartlett Grain Company LLC, will acquire all of the issued and outstanding shares for a price of $4.50 (U.S.) per share, in cash. Further details regarding the transaction are provided in the management information circular of the corporation dated May 30, 2025, mailed to shareholders in connection with the transaction, a copy of which is available under Ceres's profile on SEDAR+.

To be passed, the arrangement resolution required the approval of at least two-thirds of the votes cast at the meeting by shareholders present virtually or represented by proxy and entitled to vote at the meeting.

The following is a summary of the votes cast at the meeting by shareholders in respect of the arrangement resolution.

% votes for     % votes against

99.999                    0.001          

A report of voting results for the meeting will be filed under Ceres's profile on SEDAR+.

Anticipated closing date and regulatory approval

The applicable regulatory approval for the transaction, being expiry or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, has been obtained. The transaction remains subject to certain other customary closing conditions, including the issuance of a final order by the Ontario Superior Court of Justice (commercial list), following the hearing scheduled to take place on July 3, 2025. If the court approval is obtained, and the other conditions to closing are satisfied or waived, it is anticipated that the transaction will be completed by the parties on or about July 7, 2025.

Questions for depositary

Registered shareholders who have questions or require assistance submitting their shares in connection with the transaction may direct their questions to TSX Trust Company, which is acting as depositary in connection with the transaction, by telephone at 1-800-387-0825 (toll-free within North America) or at 1-416-682-3860 (outside of North America), or by e-mail at shareholderinquiries@tmx.com.

About Ceres Global Ag Corp.

Ceres and its subsidiaries add value across agricultural, energy and industrial supply chains through efficient sourcing, storing, transporting and marketing of high-quality agricultural commodities, value-added products and raw materials. Leveraging its network of commodity logistics centres and team of industry experts, Ceres connects farmers to customers around the world.

Ceres is headquartered in Golden Valley, Minn., and, together with its affiliated companies, operates 10 locations across Saskatchewan, Manitoba and Minnesota. These facilities have an aggregate grain and oilseed storage capacity of approximately 29 million bushels. The corporation also owns membership interests in three agricultural joint ventures that have an aggregate grain and oilseed storage capacity of approximately 16 million bushels.

Ceres has a 50-per-cent interest in Savage Riverport LLC (a joint venture with Consolidated Grain and Barge Co.), a 50-per-cent interest in Berthold Farmers Elevator LLC (a joint venture with The Berthold Farmers Elevator Company), a 50-per-cent interest in Farmers Grain LLC (a joint venture with Farmer's Cooperative Grain and Seed Association), a 41.6-per-cent interest in Gateway Energy Terminal (an unincorporated joint venture with Steel Reef Infrastructure Corp.) and a 25-per-cent interest in Stewart Southern Railway Inc. (a short-line railway located in southeastern Saskatchewan with a range of 130 kilometres).

We seek Safe Harbor.