On November 17, 2021, Ancora Advisors, LLC has engaged in, and expect to continue to engage in, discussions with Green Plains Inc's management team and Board of Directors regarding, among other things, the Company's corporate governance practices and the composition of the Board. Ancora Advisors encouraged by the Company's recent efforts to improve its corporate governance and refresh its Board, which Ancora Advisors view as a step in the right direction, however, Ancora Advisors believe these actions only address a portion of the myriad of corporate governance issues plaguing the Company. Ancora Advisors belief that the Board, as presently constituted, may not possess the requisite experience and skill sets necessary to lead the Company at this critical juncture and successfully implement its transformation strategy; (ii) its belief that the interests of the Board may not be appropriately aligned with the interests of stockholders, particularly in light of the Company's recent capital raise and ongoing capital investment strategy, and given the recent and significant sales by insiders and the lack of stockholder representation on the Board; and (iii) its belief that the recent, long overdue corporate governance changes appear reactionary in nature and, importantly, fail to address certain key items such as the classification of the Board and the lack of an independent Chairman.

In addition, Ancora Advisors considering certain alternatives, including seeking Board representation and/or submitting a shareholder proposal for consideration by stockholders at the Issuer's 2022 Annual Meeting.