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AgronomicsAnnouncement

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RNS Number : 2895B  Agronomics Limited  30 September 2025

Agronomics (https://agronomics.im/) Limited

("Agronomics" or the "Company")

Clean Food Group acquires the assets of Algal Omega 3

Agronomics (LSE: ANIC), a leading company in the field of clean food, reports
that its portfolio company, Clean Food Group Limited ("CFG"), a pioneering UK
food tech business in the manufacture of sustainable oils and fats through
fermentation, has announced that it has acquired the assets of Algal Omega 3
Ltd ("AO3").

The acquisition provides CFG with immediate access to one million litres of
fermentation capacity, positioning the Group as one of the world's largest
manufacturers of yeast fermentation-derived sustainable oils and fats. The
12-acre site in Liverpool, already recognised as a centre of biotech
excellence, includes extensive R&D facilities and significant opportunity
for future expansion.

 

With this acquisition, CFG is uniquely positioned to produce microbial oils at
commercial scale, significantly reducing the capex required to supply
sustainable oils and fats at competitive price points to agricultural
equivalents across food, cosmetics and pet food markets. CFG announced earlier
this month that it had received regulatory approval for its CLEAN Oil™ 25
product to be used as a cosmetic ingredient in the United Kingdom, Europe, and
the United States.

 

Commenting on the announcement, Jim Mellon, Executive Chair of Agronomics,
said: "We are on the brink of a technological revolution in food, one which
can shorten supply chains and bolster food security, while meeting consumer
demand for more sustainable and affordable options. In the near future, brands
and manufacturers will no longer need to rely on large global supply chains
for in-demand ingredients such as oils and fats, and will instead be able to
source them directly from facilities such as this one in Liverpool. We are
proud to support Clean Food Group as it scales and demonstrates how
biotechnology can drive economic growth across Britain."

 

To date, Agronomics has invested a total of £1.6 million in CFG which,
subject to audit, is currently carried at £6.9 million. This position
represents c.4.8% of Agronomics' last stated Net Asset Value as of 30 June
2025.

The full announcement is set out below without any material changes:

 

Clean Food Group

('CFG' or the 'Group')

 

Transformational acquisition of one million litre fermentation facility
 
Fast-tracked commercialisation process and
CFG now uniquely positioned to address US$20 billion market

 

Clean Food Group, a leading UK food tech business pioneering the manufacture
of sustainable oils and fats through fermentation, today announced that it has
acquired the assets of Algal Omega 3 Ltd (AO3').

 

This transformational acquisition provides CFG with immediate access to one
million litres of fermentation capacity, positioning the Group as the world's
largest manufacturer of yeast fermentation-derived sustainable oils and fats.
The 12-acre site in Liverpool, already recognised as a centre of biotech
excellence, includes extensive R&D facilities and significant opportunity
for future expansion.

 

CFG has already validated commercial-scale production at the facility,
manufacturing two tons of oil in a recent fermentation run. This milestone
materially de-risks the acquisition, demonstrating the robustness of CFG's
proprietary technology platform, and proving its ability to scale in existing
manufacturing facilities without costly new-build infrastructure.

 

With this acquisition, CFG is uniquely positioned to produce microbial oils at
commercial scale, significantly reducing the capex required to supply
sustainable oils and fats at competitive price points to agricultural
equivalents across food, cosmetics and pet food markets. CFG announced last
week that it had received regulatory approval for its CLEAN Oil™ 25 product
to be used as a cosmetic ingredient in the United Kingdom, Europe, and the
United States.

 

Food manufacturing veteran Bill Thurston, former Managing Director of Dawn
Foods, CSM Bakery and CFG NED, has been appointed Managing Director of the
Liverpool facility. Bill has extensive oils and fats experience, having led
the acquisition of Unilever's edible oils and fats business as CEO of CSM, and
served as MD of Arkady CraigMillar. Bill will lead a senior manufacturing team
on-site to oversee operations and integration with immediate effect.

 

Alex Neves, CEO of CFG, said: "With this acquisition, we have fast-tracked our
route to market, leapfrogging the traditional, capital-intensive path from
pilot to demo to new build commercial plant, which can take years and cost
upwards of US$100 million. With commercial-scale validation already
established at our new Liverpool facility, Clean Food Group is ready to
capitalise on the US$20 billion market opportunity ahead, and to advance its
planned Series A funding round, now expected for H1 2026.

 

"This is not just the opening of a fermentation plant, it is the dawn of a new
era in UK biotechnology, one that places Liverpool at the beating heart of the
new Bio-Industrial Revolution."

 

Bill Thurston, Managing Director, added: "I am very pleased to be joining the
executive management team of Clean Food Group at such a transformational time
for the business. With my 30 years of experience in commercial and food
manufacturing, I look forward to rapidly establishing this site as a global
leader in sustainable alternatives to tropical oils."

 

Regional support and sectoral impact

 

Knowsley Council welcomed CFG's investment, commenting: "Clean Food Group's
decision to establish their new biotech manufacturing facility here is
testament to the strength of our local skills base and the supportive business
environment we have built. This acquisition will not only create high-value
jobs but also positions our area at the forefront of biotech innovation in the
UK."

 

- Ends -

Notes to Editors:

 

About Clean Food Group

CFG is a leading UK food tech manufacturer of sustainable oils and fats for
the global food, cosmetic and pet food industries. Through its proprietary
CLEAN OilCell™ technology platform, CFG delivers functional oils (CLEAN
Oil™) and fats (CLEAN Fat™) at price parity to agriculture alternatives,
whilst meeting the growing need for local and sustainable production.

 

Founded in 2022 after eight years of pioneering research, CFG manufactures its
oils and fats from food waste, leveraging scalable yeast strains and
fermentation technology to deliver sustainable alternatives to traditional oil
and fat ingredients. With the manufacturing process now validated at scale,
CFG has strategic and industrial collaborations in place with leading global
FMCG and ingredients manufacturers and has a strong demand pipeline for its
products.

 

CFG has an extremely experienced management team with a successful track
record in scaling businesses in high growth regulated industries. For more
information on CFG, please visit cleanfood.group (http://www.cleanfood.group/)
.

 

About Agronomics

Agronomics is a leading London-listed company focusing on investment
opportunities within the field of clean food. The Company has established a
portfolio of over 20 companies in this rapidly advancing sector. It seeks to
invest in companies owning technologies with defensible intellectual property
that offer new ways of producing food and materials with a focus on products
historically derived from animals.

These technologies are driving a major disruption in agriculture, offering
solutions to improve sustainability, as well as addressing human health,
animal welfare and environmental damage. This disruption will decouple supply
chains from the environment and animals and improve food security for the
world's expanding population. A full list of Agronomics' portfolio companies
is available at (https://agronomics.im/) https://agronomics.im/
(https://agronomics.im/) .

For further information, please contact:

 Agronomics Limited   Beaumont              Canaccord Genuity     Cavendish Capital     Peterhouse            33Seconds

                      Cornish Limited       Limited               Markets               Capital               Limited

                                                                  Limited               Limited
 The Company          Nomad                 Joint Broker          Joint Broker          Joint Broker          Public Relations
 Jim Mellon           Roland Cornish        Andrew Potts          Giles Balleny         Lucy Williams         Jack Ferris

 Denham Eke           James Biddle          Harry Pardoe          Michael Johnson       Charles Goodfellow    Calum Warren-Piper

 +44 (0) 1624 639396  +44 (0) 207 628 3396  +44 (0) 207 523 8000  +44 (0) 207 397 8900  +44 (0) 207 469 0936  agronomics@33seconds.co

 info@agronomics.im

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