#11 Q2 2022 Update со verde AGRITECH#22 We are not good enough for you to invest if you: Are risk averse. Just want to make a quick buck. Expect delayed growth so you can earn dividends in the near term. Are looking for a traditional potash company. Don't deal well with changes. Don't understand the difficulties in developing technologies and markets for innovative products. Join our journey if you: Want to change the world into a better place. Are looking for a real-world technology developing company. Want to help Brazilian farmers protect the Amazon. Believe that Verde can make you and the planet healthier. Have watched or will watch the "Kiss the Ground” Netflix documentary. Care about soil biodiversity. If you are risk averse don't buy our stock. Don't rely on anything on this presentation. This presentation contains certain forward-looking information, which includes but is not limited to, statements with respect to Verde AgriTech Ltd's (the Company's) strategy, the commercial production of Super GreensandⓇ, K Forte®, Silício Forte®, TK47 and Alpha ("Products"), design and building of a manufacturing facility, receipt of environmental permits, and the generation of cash flow. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to differ materially from the forward-looking information. Material risk factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the failure to obtain necessary regulatory approvals, risks associated with the mining industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price, demand for the products in Brazil, exchange rate fluctuations and other risk factors set out in the Company's most recently filed Annual Information Form under the heading "Risk Factors". Currently, the Products are commercially produced and sold in Brazil, but the Company has no concrete guarantee that it will be able to reach the sale of 25 million tonnes of Product in the market. Should commercial demand for the Products fail to develop, the Company's business model may not be appropriate. Accordingly, readers should not place undue reliance on such forward-looking information. Material factors or assumptions used to develop such forward-looking information include, but are not limited to, the demand for the Products in Brazil, the ability to secure necessary permits, the ability to secure financing, and other assumptions set out in the Company's current technical report. The Company does not currently intend to update forward-looking information in this presentation except where required by law. Total resources include all categories unless otherwise stated. The grades detailed in this presentation are conceptual in nature. The Company has filed on SEDAR a NI 43-101 compliant updated pre-feasibility study, published date December 22, 2017. All technical information should be reviewed according to this pre-feasibility study. Readers are cautioned not to rely solely on the summary of such information contained in this presentation and are directed to complete information posted on Verde's website (www.investor.verde.ag) and filed on SEDAR (www.sedar.com) and any future amendments to such. Readers are also directed to the cautionary notices and disclaimers contained herein. Potential investors should conduct their own investigations as to the suitability of investing in securities of Verde AgriTech Ltd. VERDE AGRITECH#33 Buy Super GreensandⓇ at Amazon: C Super Greensand Micronized 100% natural source of Greensand 5% OFF coupon (USA): 05AUGINVEST Canada: Sold Out Net weight 44lb [20kg] OMRI LISTED For Organic Use A 44 lbs bag of this product will cover 1.000 square feet of lawn. ] The discount codes are valid through September 11, 2022 The codes are limited to a single unit per order and to a single order. со verde AGRITECH na per eensand atural source of Green C Super Greensand nular % natural source of Greensand CISTERED cdfa G Super Greensand Micronized 100% natural source of Greensand weight 4lb 20kg] OMRI LISTED For Organic Use A 44 lbs bag of this product will cover 1.000 square feet of lawn. ] REGIST FRED ORCAN INPUT MATERIAL VERDE AGRITECH Net weight OMRI 44lb LISTED [20kg] A44 lbs bag of this product will cover 1.000 square feet of lawn. erde AGRITECH verde#44 Summary 05 Q2 2022 Highlights 06 Q2 2022 Financial Statements 07 Operational Summary 08 Key Metrics 09 SG&A Expenses 11 Other Highlights 12 Summary of Interest-Bearing Loans 14 2022 Guidance 16 2023 Guidance 17 Brazilian Economic Scenario 18 Potassium Chloride and Diesel vs Oil Prices 19 Appendix 20 VERDE AGRITECH#5Summary • • Verde concluded its re-domiciliation to Singapore, pursuant to which the new Singaporean company, Verde AgriTech Ltd, became the holding company of the UK company Verde AgriTech Plc. Verde's trading symbols did not change, continuing as “NPK” on the TSX. The Company's growth over Q2 2022 was underpinned by increased productivity, market's growing demand for our Product and price increase. For Q3 and Q4 2022, Verde expects it will meet the overall revised guidance for the year. LO * All figures in this presentation are in Canadian dollars, unless stated otherwise Average exchange rate in Q1 2022: C$1.00 = R$4.12 Average exchange rate in Q1 2021: C$1.00 = R$4.33 VERDE AGRITECH#66 Q2 2022 Highlights Cash Ability to generate significant free cash flow in the long term. Profitability Operations Cash utilised from investing activities increased 2,063% in Q2 2022, to $12,480,000 compared to $577,000 in Q2 2021. Trade and other receivables increased 279% in Q2 2022, to $20,528,000 compared to $5,411,000 in Q2 2021. Total loans for CAPEX and working capital in June 30: $8,911M. Revenue increased by 362% in Q2 2022, to $24,861,000 compared to $5,376,000 in Q2 2021. Revenue in Brazilian Real ("R$") increased by y 327% in Q2 2022, to R$99,185,000 compared to R$23,215,000 in Q2 2021. Sales by volume increased by 112% in Q2 2022, to 202,255 tonnes sold compared to 95,551 tonnes sold in Q2 2021. Gross margin increased to 79% in Q2 2022, compared to 72% in Q2 2021. EBITDA before non-cash events increased by 782% in Q2 2022 to $10,765,000, compared to $1,220,000 in Q2 2021. Net profit increased by 3426% in Q2 2022, to $9,625,000 compared to $273,000 in Q2 2021. Plant 2 is expected to be commissioned by the end of August 2022, revving up to an initial production capacity of 1.2 million tonnes per year ("tpy"). Plant 2's full capacity of 2,400,000 tpy is expected to be reached in early Q4 2022, four times Verde's Plant 1 current production capacity of 600,000 tpy. VERDE AGRITECH#77 Q2 2022 Financial Statements All amounts in C$'000 Q2 2022 Q2 2021 YOY 2022 YTD 2021 YTD YOY Revenue 24,861 5,376 362% 36,165 6,207 483% Production costs (5,332) (1,498) (256%) (7,987) (1,988) (302%) Gross Profit 19,529 3,878 404% 28,178 4,219 568% Gross Margin 79% 72% N/A 78% 68% N/A Sales and product delivery freight expenses (8,110) (2,236) 263% 12,041 2,767 335% General and administrative expenses (655) (422) (55%) 1,696 1,119 (52%) EBITDA (1) 10,765 1,220 782% 14,441 333 4241% Share Based and Bonus Payments (Non-Cash Event) (2) (40) (693) 94% 104 1,514 93% Depreciation and Amortisation (2) (38) (10) (267%) (64) (16) (299%) Profit on disposal of plant and equipment (2) N/A 9 N/A Operating Profit / (loss) after non-cash events 10,686 (517) N/A 14,273 (1,188) N/A Interest Income/Expense Net Profit/(Loss) before tax Income tax (245) (56) (336%) (430) (131) (228%) 10,441 (461) N/A 13,843 (1,319) N/A (816) (188) (335%) (1,186) (219) (443%) Net Profit / (Loss) (1) Non GAAP measure (2) Included in General and Administrative expenses in financial statements 9,625 273 3432% 12,657 (1,538) N/A (3) - Please see Income Tax notes VERDE AGRITECH#88 Operational Summary All amounts in CAD, except percentages Q2 2022 Q2 2021 YOY 2022 YTD 2021 YTD YOY Tonnes sold '000 202 96 112% 314 113 178% Revenue per tonne sold $ 123 56 118% 115 55 110% Production cost per tonne sold $ (26) (16) 68% (25) (18) 45% Gross Profit per tonne sold $ 97 40 144% 90 37 141% Gross Margin 79% 72% N/A 78% 68% N/A Operational Summary - Excluding freight revenue YOY 2022 YTD 2021 YTD YOY 88 37 137% 83 37 127% (26) (16) 68% (25) (18) 45% 62 21 187% 58 19 202% 70% 58% N/A 69% 52% N/A All amounts in CAD, except percentages Q2 2022 Q2 2021 Revenue per tonne sold $ Production cost per tonne sold $ Gross Profit per tonne sold $ Gross Margin Excluding revenue with freight, the revenue per tonne and gross margin still improved in the quarter. VERDE AGRITECH#99 Key Metrics Quarterly 250000 200000 Sales (Tonnes) 202,255 30000 25000 20000 Revenue ('000 CAD) 24,861 150000 111,667 100000 96,233 71,183 62,895 50000 16,558 23,600 153,674 134,350 15000 105,769 11,304 10000 56,585 5000 32,221 20,641 10,651 10,851 5,37 2,492 3,956 3,055 10,170 9,007 510 831 1,329 1,491209 692 1,093 154 666 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2018 N/A N/A 9,007 20,641 2018 N/A N/A 666 692 2019 1,093 23,600 62,895 32,221 2019 154 1,329 3,055 1,491 2020 10,170 71,183 105,769 56,585 2020 510 2,492 3,956 2,209 2021 16,558 96,233 153,674 134,350 2021 831 5,376 10,651 10,851 2022 111,667 202,255 TBD TBD 2022 11,304 24,861 TBD TBD 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 VERDE AGRITECH#1010 Key Metrics Yearly 1,200,000 1,000,000 800,000 600,000 400,000 200,000 Sales (Tonnes) 29,648 119,809 243,707 1 1,000,000 120,000 100,000 80,000 Original Guidance 700,000 60,000 400,133 2018 2019 2020 2021 2022 Revenue ('000 CAD) Original Guidance 72,263 109,097 ¹ 1 40,000 Q2 Q2 27,710 20,000 9,167 Q1 6,029 Q1 1,358 2018 2019 2020 2021 2022 1 - Targeted sales volume and revenue based on FY 2022 guidance, updated on May 03, 2022. Average currency exchange rate: C$1.00 = R$4.40. See press release: https://investor.verde.ag/verdes-2022-guidance-and-two-year- outlook-revised-upwards/ VERDE AGRITECH#1111 Sales, General and Administrative Expenses All amounts in CAD $'000, except Q2 2022 Q2 2021 YOY 2022 YTD 2021 YTD YOY percentages Sales Expenses Sales and marketing expenses (711) (348) 104% (1,533) (641) 139% Fees paid to sales agents (359) (63) 474% (495) (71) 593% Product delivery freight expenses (7,040) (1,826) 286% (10,013) (2,055) 387% Total sales expenses (8,110) (2,236) 263% (12,041) (2,767) 335% General expenses General administrative expenses (389) (240) 62% (799) (718) 11% Legal, professional, consultancy and audit (77) (106) (28%) (488) (265) 84% costs IT/Software expenses (185) (70) 166% (390) (122) 219% Taxes and licenses fees (4) (6) 40% (19) (14) 34% Total General expenses (655) (422) 55% (1,696) (1,119) 52% Fees paid to independent sales agents increased by 470% in Q2 2022, to $359,000 compared to $63,000 in Q2 2021, due to sales price and volume increase. VERDE AGRITECH#12Other Highlights FOB vs CIF (tonnes) General Expenses (C$'000) 250,000 50 -50 202,255 200,000 -150 -250 -4 -6 -77 -70 -106 -185 -240 150,000 137,533 -350 -450 -389 -422 95,551 100,000 64,722 50,000 -550 54,464 41,087 -650 -655 -750 0 Q2 2022 Q2 2021 FOB CIF Total General Legal, administrative professional, expenses consultancy and audit costs IT/Software expenses Taxes and licenses fees Total General expenses ■Q2 2022 ■ Q2 2021 Sales Q2 2022 Q2 2021 YOY Sales (tonnes) Q2 2022 Q2 2021 YOY FOB 64,722 54,464 19% General administrative expenses (389) (240) (62%) CIF Total 137,533 41,087 235% Fees paid to sales agents (359) (63) (474%) 202,255 95,551 112% Sales and marketing expenses (711) (347) (104%) The Company has significantly increased the volume sold as CIF, from 43% of total sales in Q2 2021 to 68% in Q2 2022. VERDE AGRITECH#13Sales Channels Sales channels (% of total sales) Sales channels (% of total sales) 70% 70% 63% 63% 59% 60% 60% 54% 50% 50% 46% 41% 40% 37% 40% 37% 30% 30% 20% 20% 10% 0% 10% 0% Q2 2022 Direct Sales Q2 2021 Indirect Sales YTD 2022 Direct Sales YTD 2021 Indirect Sales Fees paid to Sales Agents and sales discounts applied to Distributors increased in Q2 2022 due to the increase in volume sold through Distributors and Sales Agents, compared to the same period in 2021. The volume sold through Distributors and Sales Agents also increased YTD 2022, compared to YTD 2021. VERDE AGRITECH#1414 Summary of Interest-Bearing Loans and Borrowings Part 1: Grace period Term Loan value Balance at Jun 30, Total interest Lender Loan start date Purpose Repayable by (months) (months) (R$'000) 2022 (C$'000) payable* BDMG Apr, 2022 Working capital 24 72 3,000 1,062 Mar, 2030 ***TJLP + 5,00% Santander Feb, 2022 Equipment 03 36 260 66 Feb, 2025 * CDI + 4,60% Santander Feb, 2022 Equipment 03 36 888 243 Feb, 2025 * CDI + 4,60% Santander Feb, 2022 Equipment 03 36 1,340 340 Feb, 2025 * CDI + 4,60% Santander Feb, 2022 Equipment 03 36 2,169 550 Jan, 2025 * CDI + 4,60% Santander Feb, 2022 Equipment 03 36 888 225 Jan, 2025 * Brazil Jan, 2022 Working capital 06 36 5,000 1,307 Dec, 2024 Brazil Dec, 2021 Working capital 06 36 5,000 1,317 Dec, 2024 * CDI + 4,60% CDI+2,92% CDI + 2.92% Santander Oct, 2021 Working capital 01 24 5,000 1,201 Sept, 2023 13,45% ABC Brazil Bradesco Santander Sept, 2021 Working capital 01 06 2,000 464 Mar, 2022 10.46% Mar, 2021 Vehicle 01 36 168 27 Feb, 2024 10.95% Oct, 2020 Equipment and 01 36 2,000 301 Oct, 2023 *CDI + 7,53% working capital - CDi (Certificado de Depósito Interbancário) is the average of interbank overnight rates in Brazil. As at June 30, 2022, the 12 months cumulative rate was 8.64%. *** - TJLP (Taxa de Juros de Longo Prazo) is the long term interest rate in Brazil. As at June 30, 2022, the 12 months cumulative rate was 7.01%. VERDE AGRITECH#1515 Summary of Interest-Bearing Loans and Borrowings Part 2: Grace period Term Loan value Balance at Jun 30, Total interest Lender Loan start date Purpose Repayable by (months) (months) (R$'000) 2022 (C$'000) payable* ABC Brazil Aug, 2020 Equipment and 01 42 2,000 395 Mar, 2024 IPCA + 8,46% working capital Santander Bradesco July, 2020 July, 2020 Equipment Equipment and 06 18 359 32 July, 2022 10.95% 06 60 5,000 1,181 July, 2025 12.49% working capital Bradesco Mar, 2020 Vehicle T☺ 01 48 119 16 Apr, 2024 **IPCA + 7,12% Santander Jan, 2020 Equipment 06 36 364 38 June, 2023 11.98% Bradesco Jan, 2020 Equipment 00 48 450 60 Feb, 2024 **IPCA +7,12% Santander Apr, 2019 Equipment 01 36 73 3 Oct, 2022 **IPCA +7,12% Santander Apr, 2019 Equipment 01 36 150 7 Oct, 2022 IPCA +7,05% Santander May, 2018 Equipment 12 60 1,040 76 May, 2023 * CDI + 4,60% Total 8,911 ** Inc Variable interest (IPCA) - Broad Consumer Price Index, a measure of the average price needed to buy consumer goods and services. As at June 30, 2022 the 6 months cumulative rate was 11.89%. VERDE AGRITECH#1616 2022 guidance On May 03, 2022, Verde announced an increase in its 2022 and 2023 guidance, previously published on Jan 10, 2022. The Company's original and revised targets are detailed on a quarterly basis, to reflect the market demand's seasonality, as follows: Period Guidance Q1 2022 Original Achieved Q2 2022 Original Revised Q3 2022 Q4 2022 FY 2022 Achieved Original Revised Original Revised Original Revised Jan 2022 in Q1 2022 Jan 2022 May 2022 in Q2 2022 Jan 2022 May 2022 Jan 2022 May 2022 Jan 2022 May 2022 EPS (C$) EBITDA (C$'000)¹ Revenue (C$'000) 0.02 1,358 0.06 3,678 0.18 0.21 0.19 0.25 10,155 10,070 11,304 21,954 11,808 22,902 10,765 24,861 13,414 0.35 0.06 0.25 19,259 3,506 14,319 27,228 40,121 13,011 34,769 0.50 0.87 28,434 49,065 72,263 109,097 Sales target 115,000 111,667 200,000 200,000 202,255 250,000 353,718 135,000 334,615 700,000 1,000,000 (tonnes) The 2022 guidance is underpinned by the following assumptions: Average Brazilian Real ("R$") to Canadian Dollar exchange rate: C$1.00 = R$4.40 Verde's Product CIF and FOB average price for the full year, including delivered orders, committed orders and projected orders: C$109 per tonne Sales Incoterms: 50% CIF and 50% FOB Sales channels: 40% direct sales and 60% indirect sales 1- Before non-cash events. VERDE AGRITECH#1717 2022 guidance The revised guidance already contemplated a 55% increase in diesel prices. However, during Q2 2022, the real average diesel price increased by an additional 23%, for a total of 78% year-on-year increase. This negatively impacted Verde's EBITDA and EPS as compared to the revised guidance. Q2 2022 revenue and sales were, however, higher than expected for the period. For Q3 and Q4 2022, the Company expects it will meet the overall revised guidance for the year 2023 guidance For 2023, Verde's updated sales volume target is 2,000,000 tonnes. This target represents a potential 100% growth Year-on-Year ("YoY”). Period Guidance Sales target (tonnes) FY 2023 Original Jan 2022 1,400,000 Revised May 2022 2,000,000 The original sales volume target for 2023 was for sales of 1,400,000 tonnes. For 2023, Verde's updated target is 2,000,000 tonnes, which represents a potential 100% growth Year-on-Year. VERDE AGRITECH#1818 Source: https://www.bcb.gov.br/estabilidadefinanceira/historicocotacoes Brazilian Real versus Canadian Dollar 4.60 4.45 4.40 From January to March 2022, the Brazilian Real 4.20 valued by 11% in relation to Canadian Dollar, compared to the same period of 2021. 4.00 3.80 As of August 12, 2022, C$1.00 = R$3.97 3.60 3.40 Brazilian Economic Scenario 5.80 5.56 5.60 5.40 5,16 Brazilian Real versus US Dollar 5.20 5.00 From January to March 2022, the Brazilian Real 4.80 valued by 7% in relation to US Dollar, compared to the same period of 2020. 4.60 4.40 4.20 As of August 12, 2022, US$1.00 = R$5.07 Apr/21 5,25 May/21 Jun/21 4.36 Jul/21 Ago/21 Apr/21 4.12 Sep/21 VERDE AGRITECH May/21 Jun/21 out/21 nov/21 Jul 21 Aug/21 Sep/21 Out/21 Nov/21 Dec/21 jan/22 fev/22 mar/22 apr/22 3.94 3.86 3.77 may/22 jun/22 juk/22 aug/22 CAD/BRL Exchange Rate USD/BRL Exchange Rate Dec/21 jan/22 fev/22 mar/22 apr/22 may/22 5.04 4.96 4.76 jun/22 jul/22 aug/22#1919 Potassium Chloride Price Fluctuations in potassium chloride CIF (Minas Gerais) prices 1400 CIF MG (USD) 1200 Lowest Price KCI CIF (Minas Gerais) KCI CIF (Minas Gerais) 1000 Highest Price 800 Q2 2022 US$1,040 600 Q2 2021 US$1,270 400 US$395 % US$555 200 163% 0 128% Diesel and Crude Oil Prices Source: 1-Acerto Limited Report, Agribusiness Intelligence for Latin America 2- https://tradingeconomics.com/commodity/crude-oil/ https://setcemg.org.br/reajuste-de-preco-de-diesel/ R$ 6.0 US$150 Diesel price sold by distributors in Brazil increased by 89% from March 2021 to August 2022. Crude Oil international price increased by 56% in the same period. US$99 US$103 US$92 R$ 4.0 US$73 US$75 US$75 US$100 US$59 R$ 5.6 R$ 5.2 In August 2022 Diesel price decreased by 7% compared to July 2022. R$ 2.0 R$ 4.5 US$50 R$ 2.8 R$ 2.7 R$ 3.1 R$ 3.3 R$ - US$- Q1 2021 Q2 2021 Q3 2021 Q4 2021 Distributor Price (BRL/Litre) Q1 2022 Q2 2022 -Crude Oil (USD) Aug 2022 Apr/21 May/21 Jun/21 Jul 21 Aug/21 Sep/21 Oct/21 Nov/21 Dec/21 Low High Diesel and Crude Oil Prices (BRL and USD) jan/22 fev/22 mar/22 apr/22 may/22 jun/22 jul/22 aug/22 VERDE AGRITECH#2020 20 Appendix#2121 Earned Growth Rate Earned Growth Rate ("EGR") is an accounting-based methodology that provides companies with an objective, data-driven connection between customer success, repeat and expanded purchases, word-of-mouth recommendations, a positive company culture, and business results. It gauges customer loyalty through the lens of revenue growth, identifying which revenue streams come from existing customers doing more business with a company and which ones come from referrals. The EGR measures the sales growth by volume generated by returning customers and new client purchases made by existing clients' referrals.1 Year Earned Growth Rate Number of clients per year Year Number of total clients 2019 Not Registered 2020 61% 2021 165% 2017 2018 2019 2020 2021 28 136 355 787 1,352 1 - For a summarized definition of EGR, see article: F. Reichheld, D. Darnell and M. Burns, Net Promoter 3.0, Harvard Business Review, November 2021, available at: https://hbr.org/2021/11/net-promoter-3-02 VERDE AGRITECH#22222 Environmental Verde's production process is sustainable. The processing does not require tailings dams, nor does it generate any waste by products. In sum, the ore recovery rate is 100%. The mined area is mainly composed of degraded pasturelands that, once mined, Verde transforms into tropical forest. To that end, the Company planted 4,300 trees in 2019, 5,000 trees in 2020, and 9,888 trees in 2021. All planted species are originally native to the region, many of which are today deemed endangered species. VERDE AGRITECH#23233 Potassium Chloride Replacement Potassium salt fertilizers are soil biodiversity's number 1 enemy. The average farmer applies 200 kg of potassium chloride to the soil per hectare per year. This is equivalent to the application of 1,600 litres of bleach as far as killing soil biodiversity.' The world currently uses 61.5 million tonnes of potassium chloride for agriculture per year², the equivalent to more than 460 billion liters of bleach killing soil biodiversity yearly. Verde's Product eliminates the need for potassium chloride. Period In Q2 2021 Since production started Bleach equivalent amount that has not been applied to agricultural soils 254.8M litres 1.3B litres Over the next 36 years³, the Company intends to have prevented at least 957.8 billion liters of bleach from being applied to soils in the guise of potassium chloride. 1 Effects of Some Synthetic Fertilizers on the Soil Ecosystem (HEIDE HERMARY, 2007)/2 - FAOSTAT, Agricultural use of nutrient potash, 2018. http://www.fao.org/faostat/en/#data/RFN 3 Based on NI 43-101 Production Schedule. See Pre-Feasibility Technical Report Cerrado Verde Project, MG, Brazil, page 141. VERDE AGRITECH#24244 Cultivando Amor Project Cultivando Amor is an initiative from Verde, in which there is a partner charity institution for each of the project's member cities. For each hectare in the region that is cultivated with BAKSⓇ or K Forte®, Verde donates part of the sales' profits to the partner institution of that city. The initiative has the support of the cities' Rural Union of Farmers (Sindicato Dos Produtores Rurais). In 2020, Cultivando Amor's pilot project was conducted in the city of Patrocínio, where the program's funds contributed to the Cancer Hospital of Patrocínio, a regional reference in cancer treatment. In 2021, Verde raised over R$270,000 for charities across 16 cities in Brazil. Cultivando Amor's goal for 2022 is to magnify its impacts to 100 cities. VERDE AGRITECH#25Permit Status - Last 12 months Mine Pit Date Category Status Event 2 February 10, 2022 Mining Granted 2,500,000 tpy Mining Concession 255 VERDE AGRITECH#26266 Permit Summary Under Brazilian law, a pit is fully permitted to mine when the Group holds both a Mining Concession/Permit and Environmental License for that area. Verde is fully permitted to mine 2,833,000 tpy and has submitted concurrent mining and environmental applications for an additional 2,500,000 tpy, still pending approval. The Group has 3 different mine pits, each at different permitting stages and targeting different volumes, as summarized in the table below. Mining (tpy) Environmental (tpy) Mine Pit Fully Permitted (tpy) Granted Pending Granted Pending 1 233,000 233,000 0 233,000 0 2 2,600,000 2,600,000 22,500,000 2,600,000 0 3 0 49,800 2,500,000 Total 2,833,000 2,882,800 25,000,000 2,833,000 0 2,500,000 2,500,000 The Group is fully permitted to achieve both its 2022 and 2023 targets. VERDE AGRITECH#2727 со verde AGRITECH TSX: NPK investor.verde.ag