An anonymous director reports

ELSE NUTRITION PROVIDES BI-WEEKLY DEFAULT STATUS REPORT

Else Nutrition Holdings Inc. is providing this biweekly default status report in accordance with National Policy 12-203 (Management Cease Trade Orders).

On April 1, 2025, the company announced in a news release that it has been granted a voluntary cease trade order by B.C. Securities Commission in accordance with National Policy 12-203 due to time constraints in completing the audit procedures for the filing of its annual financial statements, management's discussion and analysis, and annual information form for the year ended Dec. 31, 2024, on SEDAR+ within 90 days of its financial year-end. The MCTO prohibits the chief executive officer and chief financial officer from all trading in securities of the company until such time as the annual filings have been filed by the company and the MCTO has been lifted. The MCTO does not affect the ability of other shareholders of the company to trade in securities of the company.

Pursuant to NP 12-203, the company must file biweekly default status reports in the form of further news releases during the period of the MCTO. The company confirms that, since the date of the MCTO announcement: (i) there has been no material change to the information contained as set out in the MCTO announcement; (ii) there has been no failure to satisfy the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default subsequent by the company under NP 12-203; and (iv) there is no other material information concerning the affairs of the company that has not been generally disclosed.

The company reports that it is working diligently with its auditor to complete the audit of the financial statements for the year ended Dec. 31, 2024. The company expects to file its annual filings by May 13 and in any event no later than May 30, 2025, and will issue a news release once they have been filed. Until filing of the annual filings, the company intends to satisfy the provisions of the alternative information guidelines as required by NP 12-203.

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.

We seek Safe Harbor.