Floridienne S A : announces its subsidiary Biobest’s participation in Arugga AI Farming’s latest financing round as well as the signature of an exclusive distribution agreement for the USA and Canada.

Floridienne Group - Press release - Embargo 3 June 2021 5.40 pm - Transmitted 3 June 2021 5.40 pm

PRESS RELEASE

Floridienne announces its subsidiary Biobest's participation in Arugga AI Farming's latest

financing round as well as the signature of an exclusive distribution agreement for the USA and

Canada.

Arugga AI Farming is an Israel-basedstart-up company, founded in 2017 and developing robotic solutions for greenhouse farming. The company has focused its early product development on robotic tomato pollination as an alternative to bumblebees and manual methods. Iddo Geltner, Arugga's CEO says: "We have tested our pollination robots in tomato greenhouses and obtained impressive results. We observed up to 5% added yield versus bees and manual pollination. Simultaneously our robots address other bottlenecks in the tomato crop. We are now ready to initiate the commercialization stage and have already taken significant steps to start deployment of our technology in the USA and Canada. Over the past couple of years, we got to know the Biobest team and we appreciate their passion and knowledge of markets in horticulture. Our agreements with Biobest, a company that is well known and respected by tomato growers worldwide, is a strong vote of confidence in the potential of our technology and provides us with broad and fast-track market access."

Biobest provides growers across the globe with a wide range of solutions for biological control and pollination. "We are very pleased to enter this collaboration with Arugga", says Jean-Marc Vandoorne, CEO of Biobest. "We have been impressed by their entrepreneurship and the results from their initial robotic pollination trials show great promise for the future. Now more than 30 years ago, Biobest was the first to start commercial production of bumblebees and this was a true revolution for tomato farmers. We are committed to provide our growers across the world, each in their own specific context, with the very best solutions for pollination and biological control. We believe the high-tech tomato production in North America is likely to be one of the first markets in which the Arugga technology will gain traction and we want to be with Arugga at the forefront of innovation in pollination. We are already working together conducting commercial trials with leading growers and have ambitious plans for a joint commercial roll- out."

Both companies also refer to the broader transformation of greenhouse horticulture and point out how rapid digitalisation will go hand in hand with major sustainability gains. The Arugga team explains that it is already working on additional modules which will enhance the range of functionalities of its robotic platform. Biobest believes that robotization, artificial intelligence and digitalisation will shape the future of greenhouse farming. The collaboration with Arugga demonstrates Biobest's determination to remain the grower's most reliable provider of solutions in pollination and biological control in a world characterized by breakthrough innovation.

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Contacts: Marc Blanpain, Chairman, and Gaëtan Waucquez, CEO

FLORIDIENNE is a Belgian industrial group listed on the Euronext Brussels stock market that ranks among the European or world leaders in market niches or niche markets. Its activities focus on three sectors: Gourmet Food, Life Sciences and Chemicals.

Drève Richelle 161 P, box 4, 1410 Waterloo

Tel.: + 32 2 353 00 28 - Fax: + 32 2 353 05 81 - [e-mail]- www.floridienne.be

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