Veganz Group and Jindilli Beverages Join Forces in Bringing Flat Milk Based on Mililk® Technology to North America Oakbrook Terrace (USA) and Ludwigsfelde (Germany), May 22, 2025 – Further to the ad hoc announcement of May 14, 2025, Veganz Group AG (WKN: A3E5ED / symbol: VEZ), a leading innovator in plant-based food technologies, publishes further information on the partnership with Jindilli Beverages Inc. (“Jindilli”). The Veganz Group and Jindilli have signed a long-term framework agreement for the production, export and distribution of their innovative products based on Mililk® technology. Shipments to the US and Canada will start in the next few weeks as a white label product under the milkadamia brand for oat and almond Mililk® in 1-liter packs for retail outlets and 5-liter packs for food service clients. Initially, production will be done in Germany at the Ludwigsfelde site. 40″ sea freight containers will be shipped to the US East Coast. One container can hold approximately 300,000 liters of Mililk® products. Jindilli is an owner-managed company founded in 2014 and based in Oakbrook Terrace, Illinois, USA, that belongs to Creata group of companies. Jindilli is best known for its milkadamia brand in North America, under which plant-based milk alternatives made from macadamia nuts have been sold for 11 years. The products of the milkadamia brand (www.milkadamia.com) are supplied to customers in the food service industry, such as McDonald’s, Starbucks and Dunkin’ Donuts. Moreover, they are available in over 13,000 retail outlets in the USA. These include Costco, Whole Foods Market, Sprouts, Kroger, Albertsons, Target and online sales via Amazon. Jindilli is part of the Australian company Creata, a global brand strategy and activation agency that specializes in creating emotional connections between brands and people through playful experiences. With over 50 years of experience, Creata develops innovative solutions in the areas of product design, digital applications, promotions and market research. Its long-standing clients include global brands such as McDonald’s, Coca-Cola, Kellogg’s and Nestlé. For more than 35 years, Creata (www.creata.com) has been the exclusive global partner of McDonald’s and has created and rolled out the Happy Meal as well as many innovative concepts, such as the Monopoly promotions. The current tariff policy of the USA has led to both parties immediately starting to plan the construction of a joint production plant based on the innovative Mililk® technology during the contract negotiations, which has been contractually agreed. This US plant with a production capacity of 200,000 liters per day is scheduled to go into operation at the beginning of 2026 to supply the Canadian and US markets. The analysts at Persistance Market Research assume that the North American market for plant-based milk will grow from 19.5 billion USD in 2024 to 33.1 billion USD in 2031, driven by health trends. This corresponds to an average growth rate of 7.8 percent per year (CAGR). According to experts at STATISTA, sales of dairy substitutes in Australia and Oceania are expected to reach 232.50 million USD in 2025. Sales are expected to grow at a compound annual growth rate (CAGR 2025-2029) of 11.42 percent, resulting in a projected market volume of 358.38 million USD by 2029. Preparations for this cooperation have been underway for almost 12 months. During this time, Jindilli has presented the Mililk®️ products under its milkadamia brand at four major tradeshows, which has been met with great interest from its customers and triggered high demand. In this respect, the management of Veganz has already prepared the start of Mililk® production under the milkadamia brand in the current quarter. Anja Brachmueller, COO of Veganz, said: “That’s the next important step to approach full capacities of the current equipment. We are also investing in new machinery and automation at the Ludwigsfelde site and are already examining ways to expand capacity as well as optimize production processes. The initial focus of the collaboration is on the USA and Canada. Market entry in Australia and New Zealand will take place at a later date.” Smart Innovation for the North American Market Flat Pack Organic Oat Milk would be the first and only flat-packed milk in the U.S. to combine innovation and sustainability through a 2D printing process, producing oat milk sheets that reduce packaging waste by 94 percent and weight by 85 percent. Each package contains eight sheets that yield a half-gallon of creamy oat milk, giving consumers the ability to make their oat milk from scratch, always fresh and in customized portions. “With the planned launch of our flat-pack line based on Veganz technology, we are redefining innovation in the industry by significantly reducing packaging waste and carbon emissions, aligning with our commitment to responsible environmental stewardship,” said Jim Richards, CEO of Jindilli. Jan Bredack, CEO of Veganz, said: “This long-term cooperation with a strong and established distribution partner in the USA and the ANZ region marks an important milestone for the international expansion of Veganz and underlines the enormous advantages of our innovative Mililk® technology. We expect the first earnings contributions from this cooperation as early as the third quarter of 2025. This is not included in our current sales forecast. The planned construction of a production facility in the USA would significantly accelerate our growth.” source: www.persistencemarketresearch.com/market-research/north-america-plant-based-milk-market.asp / www.statista.com/outlook/emo/food/dairy-products-eggs/milk-substitutes/australia-oceania About milkadamia milkadamia has its roots in family-run, regenerative farms and sources its raw materials mainly from Australia and South Africa. In addition, Jindilli is exploring new ways to fulfill its promise of a “ticket to a better future” with new products based on Veganz’s innovative Mililk® technology. For more information, please visit www.milkadamia.com. About Veganz Group AG Founded in Berlin in 2011, the Veganz Group is an innovative producer of plant-based foods. The Veganz brands also include Happy Cheeze, Mililk®, Peas on Earth and OrbiFarm. Originally launched as a European vegan supermarket chain, Veganz succeeded in breaking into this new growth market with a sustainable corporate philosophy and establishing the plant-based nutrition trend in the German-speaking region. The current product portfolio includes confectionery, snacks, dairy, cheese and meat alternatives. The products are available in Germany, Austria and Switzerland not only in the company’s own online store, but also in wholesale and retail outlets across the country, including Edeka, Rewe, Spar International, Rossmann, dm Germany and Transgourmet. The Veganz range is being successively optimized with high-quality and innovative articles, while the sustainable value chain is being continuously improved at the same time. Veganz has been awarded the B Corp certificate for its social and ecological impact, compares the environmental balance of all its own products with all food products in German-speaking countries and regularly sets new benchmarks for a sustainable food industry. Contact Veganz: Massimo Garau Chief Financial Officer Phone: +49 (0)151 46569362 E-Mail: ir@veganz.de Website: Contact Jindilli Jess WindellFounder // Chief Maven Call/Text: (858) 208-3458 www.mavenconsultingco.com