Ms. Hamutal Yitzhak reports

ELSE ANNOUNCES RESULTS FROM ANNUAL GENERAL MEETING OF SHAREHOLDERS

At Else Nutrition Holdings Inc.'s annual general meeting of shareholders, held on June 12, 2024, all resolutions put to its shareholders were passed. A total of 32,905,310 or 22.79 per cent of the company's issued and outstanding shares were represented at the meeting.

At the meeting, shareholders approved setting the number of directors at seven and re-electing all of management's director nominees, as listed in the management information circular dated May 8, 2024, to the board of directors to serve until the next annual general meeting. The election of directors was approved by a majority vote of shareholders.

At the meeting, shareholders also approved: (i) the reappointment of Kost Forer Gabbay & Kasierer, a member firm of Ernst & Young Global Ltd., as the company's auditor; and (ii) the amendment to an aggregate of 5,237,500 outstanding stock options of the company previously issued to certain directors and officers of the company, as described in the management information circular dated May 8, 2024, prepared for the meeting. For further details, please see the report of voting results available on the company's SEDAR+ profile.

About Else Nutrition Holdings Inc.

Else Nutrition is a food and nutrition company in the international expansion stage focused on developing innovative, clean and plant-based food and nutrition products for infants, toddlers, children and adults. Its revolutionary, plant-based, non-soy formula is a clean-ingredient alternative to dairy-based formulas. Since launching its plant-based complete nutrition for toddlers, made of whole foods, almonds, buckwheat and tapioca, the brand has received thousands of powerful testimonials and reviews from parents, gained national retailer support, and achieved rapid sales growth.