Mr. Tom Coyle reports

BARTLETT GRAIN COMPANY COMPLETES ACQUISITION OF CERES GLOBAL AG CORP.

1001239530 Ontario Inc., a newly formed entity controlled by Bartlett Grain Company LLC, part of the Savage family of companies focused on international agricultural merchandising and storage, has completed the previously announced statutory plan of arrangement whereby it has acquired all of the issued and outstanding common shares of Ceres Global Ag Corp. for $4.50 (U.S.) per share in cash. The transaction, which was announced on May 20, 2025, was approved by shareholders of the corporation at a special meeting held on June 30, 2025.

In connection with the closing of the transaction, it is expected that the shares will be delisted from the Toronto Stock Exchange at the close of trading on July 8, 2025, and that the corporation will promptly apply for an order to cease to be a reporting issuer in each of the applicable jurisdictions in Canada.

Early warning reporting

Pursuant to the transaction, the purchaser acquired 31,153,154 shares, representing all of the issued and outstanding shares, for a price of $4.50 (U.S.) per share, or $140,189,193.00 (U.S.) in the aggregate. Prior to the transaction, the purchaser and its affiliates did not own any shares.

An early warning report will be filed in accordance with applicable securities laws and will be made available on Ceres's profile on SEDAR+. In order to obtain a copy of the early warning report, please contact Benjamin Bates at 801-944-6528.

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).

About Bartlett, a Savage company

Established in 1907, Bartlett joined the Savage family of companies in 2018. Its diverse agribusiness is focused on the acquisition, storage, transportation, processing and merchandising of grain. Savage is a private company based in Midvale, Utah. With more than 4,200 team members in nearly 200 locations across the United States, Canada, Mexico and Saudi Arabia, Sage companies are integral to the global supply chain, helping their customers and partners feed the world and power lives.

We seek Safe Harbor.