Grace Breeding Ltd.

Investor Presentation • May 9, 2023

CORPORATE Value Proposition PRESENTATION Q2 2023

Legal Disclaimer

This Presentation about Grace Breeding Ltd. (hereinafter: "the Company") includes forecasts, estimates, assessments and other information pertaining to future events and/or matters, whose materialization is uncertain and is beyond the Company's control, and which constitute forward-looking information, as defined in the Securities Law, 5728-1968. Such information may not materialize, in whole or in part, or may materialize in a manner significantly different to that forecast. Forward-looking information in the presentation is based on subjective estimates and assumptions of the management of the Company, based on facts and data regarding the current condition of the Company's business, which are uncertain by their nature, due to their dependence on the risks inherent in the Company's operations, and which are not under the Company's control, each of which, or a combination thereof, is liable to harm the results of the Company's operations and, consequentially, the realization of these estimates and outlooks, as well as by developments in the general environment, in market conditions and in external factors affecting the Company's activity which occurrence is not certain and are beyond the Company's control.

The information included in this presentation does not purport to survey or include all of the information that could be relevant for the purpose of reaching any conclusion related to investment in the securities of the Company. The Company does not undertake to update or change the information included in the presentation so that it reflects events or editing, processing or segmentation that differ from the current depiction in the presentation, or changes that take place after the date of its preparation. It is clarified that the Company's plans and strategy included in this presentation are correct as of the date of their publication and may and will change in accordance with the decisions of the Company's Board of Directors from time to time.

The presentation may include statistical data and publications that were published by third-parties, the content of which was not examined by the Company. This presentation may include information presented in a different manner than that presented in the draft prospectus published by the Company. In other words, the presentation may include data presented in a different manner and/or characterization and/or editing and/or segmentation than that presented in the Company's public reports.

This Presentation does not constitute a proposal or invitation to make an offer to purchase the Company's securities. Nothing in this presentation constitutes investment advice, nor does it contain any recommendations that would substitute for an investor's own discretion.

GRACE BREEDING

Is an AgClimateTech company providing sustainable agricultural solutions for sustainable food supply

Replace climate-harmful, synthetic products while protecting the environment

Protect crops from the effects of climate change stressors while supporting profitable crop production for

farmers

See our lab., greenhouse and field-level scientific and GTM trials

Video here

Investment Highlights

• Emerging leader in agricultural technology providing solutions to protect crops from ongoing effects of climate change
• Operating in large and growing addressable end markets
  • Biofertilizers represent a global TAM of \$45 billion with a CAGR of 10.9%
• Leading programs are two novel, patent-pending, biological environmental Biofertilizers & stress tolerance technologies (NFT & WDS)
• Reduce carbon emission, reduce reliance on synthetic fertilizers by 50% & increase yield in 20-30%
• NFT (Bio-Fertilizer) = proprietary • Powerful unit economics and economies of scale through availability to procure raw materials efficiently
• non-disruptive biofertilizer derived from • Simplified regulatory pathway, enabling the company, according to the company estimation, to launch commercially in Brazil mid-2024
• natural bacteria and biological • Strong IP protection with four separate utility patent applications
• activators • Validating strategic partnerships and close industry relationships support R&D and pre-commercial efforts
• Seasoned management team with decades of combined cumulative experience in fertilizers, plant protection, and food supply

Upstream and Downstream Solutions to Support a Crop's Sustainable Growth Lifecycle

Upstream: "NFT" (Bio-Fertilizer) Replaces climate-harmful, synthetic urea

Downstream: "WDS" (Climate Stress Solution) Improves the crop tolerance to withstand abiotic climate stress

Company At-a-Glance

Established	2015
Headquarters	R&D center located in Israel's Rehovot's science park
Employees	12
Experience	Management with years of accumulated experience in the areas of Agtech, fertilizers, plant protection and food.
IPO	Feb 2022 (TASE: GRAC) with a market CAP ~ 100 Million ILS

Management

Morris Zelkha, Chairman of the Board of Directors Founder and former CEO of LycoRed for 24 years head of new product development Negev Phosphate ICL

Moti Mordehai, CCO

Global Senior Manager at ADAMA Agricultural Solutions Ltd.; GTM expert with launch-to-commercial life cycle management experience & a deep understanding of the relationships between producers, distributors and product end-users

Assaf Dotan, CEO

Senior Manager at ADAMA Agricultural Solutions Ltd.; entrepreneur in the ag-innovative world; former CEO of Casterra Ag. Former Ag Investment Advisor for Fortissimo Capital and RDC

Amit Avidov, CTO

Innovative agronomist and senior plant breeder with more than 30 years of experience and over 600 registered plant varieties attributed to his work

Ricki Lahav, COO

governmental entities

Orly Shuster, CFO

Formerly head of budgeting and strategy at Evogene, with over 20 years of experience in sales, travel and administration at high-tech and agricultural companies

Graduate of the CPA firm EY Israel with 20 years of experience in accounting and economic services for a variety of private, public and

Professor Yoram Kapulnik,

Scientific Advisory Board - brings over 40 years experience in Life Science Innovations Industry and is a global expert in nitrogen fixation.

Valdemar Fischer,

Advisory Board – brings decades of experience in agriculture and leadership as Non-Executive Chairman at Syngenta Latin America

Shaul Friedland,

Director, Business Consultant - brings over 40 years of commercial expertise in the agriculture industry. ADAMA Agricultural Solutions Ltd. and ADAMA Americas

Our Technology: How We Are Differentiated Within the AgTech Industry

Disrupting a multi-billion-dollar industry* with solutions to fertilize sustainably and enable crop tolerance and vigor

Proprietary IP solutions that result from years of research evaluating a thousand biological molecules and their combinations with non-pathogenic bacteria

NFT (Proprietary Bio-Fertilizer) value Proposition

Bio-Fertilizer: NFT business model

NFT Benefits:

Reduce reliance on synthetic nitrogen by 50% (Corn/Maize)

Reduce carbon emissions to earn carbon credits (Corn/Maize) 2 3

Increase nutrient availability (Soybean)

Business models:

1. Direct

Product benefits Flexibility to deal directly to farmer or through a dealer

2. In-direct

Earn Carbon Credits Farmland owners potentially move to farming carbon credits

NFT: Bio-Fertilizer

Value Proposition

WDS (Proprietary Stress Tolerance Enhancer) Value Proposition

• .

Stress tolerance enhancer - WDS

WDS Benefits:

Abiotic stress tolerance (Industrial F&V)

Create market access*** by IPM** (Investment intensive F&V)

Improve plant efficiency 2 3 (Soybean & Cereals)

Business Model:

1. Direct Product benefits Flexibility to deal directly to farmer or through a dealer

* F&V – Fruits & Vegetables

** IPM - Integrated Pest Management

*** Under Development

WDS: Stress tolerance enhancer

Value Proposition

Bio-stimulant (WDS⁺), Under Development

Value Proposition

Target Market & Strategic Collaborators

Global Footprints

The company intends to start conducting field experiments and observations for marketing and sales around the world.

Brazil: Our First Strategic Market is An Agricultural Market Leader

• With 42 million Ha. of soybean and 22 million Ha. of maize (corn), Brazil is one of the largest agricultural markets in the world.
• Brazil is the largest agricultural chemical market in the world, with a turnover of 13 billion USD.
• Brazil is a major importer of fertilizers: 95% of the urea used in corn and 75% of the phosphorus used in corn and soybeans is imported.
• 23% of Brazil's annual imported fertilizers are from Russia.
• Russia is planning to impose an export tax of 23.5% on all fertilizers.
• The market of biological products grew 40% this last year in Brazil.
• Grace Breeding announced a strategic R&D collaboration with the University of Londrina (UEL), based in Paraná State, Brazil (11/2022).

Geopolitical changes - Brazil is Forecasted to Surpass the U.S. in Corn Exportation

First shipment of Brazilian corn to China occurred in November 2022, after Phytosanitary agreement signed between the countries

In the 2021-2022 marketing year, the primary destinations of Brazilian corn were Iran, Spain, Japan, Egypt & Colombia

Brazil is #1 in Biological Control Products Adoption and Bio-fertilizers Adoption

Political, Economic, Social, and Technological (PEST) analysis Brazil/NFT • There are programs that promote the substitution of imported fertilizers. • For organo-mineral fertilizers and biofertilizers there are • Agricultural GDP is 25% of total GDP. It is a strategic sector of the Brazilian economy. • The sale of fertilizers is • In the interior of the country the farmer is an important figure in society. • There is a high demand for professionals in the • Today an estimated 40% of farmers use seeding machines with in-furrow inoculation systems; • Continued growth is projected as biologicals POLITICAL ECONOMIC SOCIAL TECHNOLOGICAL

agricultural segment,

qualified in the biological

mainly for people

sector.

• A new government was elected, there could be changes in the regulatory area.

reduced taxes

• seasonal.
• The input market, mainly specialty products, is traded in local currency.
• The inflation target for 2023 is 5.8% per year.

• 95% of the machines are farmer-owned.

continue to show positive

results and regulatory

support.

Grace Breeding Products - Strengths and Weaknesses

Brazil/NFT

• Reduces the use of nitrogen fertilizer in crops
• Offers potential carbon credit business model
• Brings profitability to the input supply-chain, while the profitability of urea is very low.
• Naturally-derived, safe, low environmental impact
• Easy to apply
• Grace's management and advisors bring extensive market expertise
• Promotes plant interaction with non-pathogenic microorganisms

• Technology mode of action is still not known; this makes the sales pitch difficult
• Application volume needs to be reduced for efficient infurrow application (spray volume)
• Product shelf life is 1 year
• The technology behavior needs to be quantified in the different Brazilian soils and climates
• Lack of local validation related to the % of fertilizer that can be substituted
• On-farm production of micro-organisms

	Q1 2023	Q2 2023	Q3 2023	Q42023	Q12024	Q2 2024	Q3 2024
Choosing the Product Registration
Selecting Key Influencers
Collaborative Development
Visiting Research Institutes
Strategic Content Generation
Competitor Analysis
Set Price
Market Launch
Sales

NFT WDS

GTM

Implementing a Hybrid GTM Strategy

Market trends and benchmark M&A activities

Over the Last 20 Years the Investment in R&D Expenditure of the Conventional Crop Protection Market has Shifted

Bio-Fertilizer Approaches: Market Landscape

BioStimulants Recent global M&A Activity

Brazil – Market consolidation and M&A map

THANK YOU!