Millennium Food-Tech-Limited

Investor Presentation • Dec 2, 2020

Smart Food-Tech Investments

DISCLOSURE AND FORWARD-LOOKING INFORMATION

This presentation was prepared by Millennium Food-Tech - Limited Partnership (the "Partnership") as a general presentation about the Partnership. As such, the information it includes is only an extract, and does not cover all of the information abut the Partnership and its operations. Therefore, this presentation does not describe the Partnership's operations fully and in detail, and it is not intended to replace the need to review the Partnership's reports to the public, including the supplementary prospectus and the shelf prospectus of the Partnership (the "Prospectus"), which should be read together with the reports published by the Partnership by law. 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 Partnership.

The Partnership is also not obligated 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.

This presentation includes forward-looking information, as defined in the Securities Law - 1968, including outlooks, evaluations, estimates and other information related to the events and matters that will take place or may take place in the future, including with regard to the outlook on income and profitability, whose occurrence is not certain and is not under the exclusive control of the Partnership.

Forward-looking information in the presentation is based on estimates and assumptions of the management of the Partnership as of the date that the presentation was prepared, which are uncertain by their nature, due to their dependence on the risks inherent in the Partnership's operations, and which are not under the Partnership's control, each of which, or a combination thereof, is liable to harm the results of the Partnership's operations and, consequentially, the realization of these estimates and outlooks.

The presentation includes statistical data and publications that were published by third-parties, the content of which was not examined by the Partnership, and the Partnership is not responsible for their validity.

The information included in the presentation does not constitute a proposal or invitation to make an offer to purchase the Partnership's securities.

Management Team

EXPERIENCED IN ESTABLISHING, MANAGING AND INVESTING IN STARTUP COMPANIES IN THE FIELD OF FOOD-TECH AND RELATED SECTORS.

GUY ROSEN, CHAIRMAN

Vice Chairman and representative of the kibbutzim at Tnuva, Israel's largest food company. Board member at Albaad and Altitude. Guy, an attorney by profession, has a Bachelor of Laws (LL.B.) from Tel Aviv University, a Master of Business Administration (MBA) from IDC Herzliya and is a graduate of the Advanced Management Program at Harvard University.

Guy has extensive experience as a chairman and board member of public and private companies, including Isramco, IsraAir and Beit Shemesh Engines, as well as in the venture capital sphere as Chairman at Maayan Ventures and an active board member at Infinity I-China.

CHANAN SCHNEIDER, CEO

Entrepreneur, CEO, and experienced investor in startup companies. Over the past two years, he initiated, established and managed the food-tech incubator in Kiryat Shmona, partnering with Tempo, Tnuva, OurCrowd, and American VC fund Finistere. Chanan founded IndaMed, and managed start-up companies such as Beta-o2, Nitiloop and others, from initiation to market penetration. As CEO of these companies, he raised significant amounts from VC funds and strategic partners in Israel and abroad. In addition, Chanan was a managing partner at Agate VC fund.

Management Team - Continued

NILI ZUR, Director

Experienced manager with extensive knowledge in the food and beverages sector. Nili has led several businesses in Israel and abroad toward profitability and growth, specializing in foodtech and implementing penetration strategies for innovation in traditional markets. In her various positions, she has managed several business divisions at Osem-Nestle in Israel and abroad, as well as managing the Wissotzky Group.

YOSSI HALEVY, VP BizDev

Experienced in business development and investment strategy with a deep passion for the food-tech sector. Yossi has extensive knowledge of the Israeli food-tech ecosystem and has spearheaded several initiatives in this field.

Yossi has previously worked as a Senior Analyst at EY's Transaction Advisory Services department and holds a CPA degree (Israel).

OREN ATTIYA, CFO

Extensive experience in accounting and finance services for local and global companies. Oren has served as the CFO of several start-ups and incubators in the high-tech, life-science and food-tech sectors, managing all aspects of finance, from bootstrapping to maturity. Oren has vast experience in M&As, fundraising, taxation, budgeting and day-to-day financial management. Oren has served as Audit Manager at PwC Israel, where he provided financing and accounting services to a variety of public, private, and international companies and incubators. Oren holds a BA in Accounting and Economics and is a member of the ICPA.

Market Revolution (Disruption)

Until recently, the food engineer's toolbox included:

Red?

Sugar

Animal protein Flavor and taste substances

The Food-Tech World is Changing

The second food revolution is underway

and will reach its peak within 15 years*, when we will consume more protein and food alternatives that are man-made, rather than from animal sources.

The ability to create pure and stable protein substitutions that replace meat, milk and eggs will inevitably shrink the meat, dairy, and egg industries.

SARS, COVID-19, and other pandemics distance consumers from animal protein.

The dairy industry is already undergoing a revolution and suffering from very low profit margins. The milk from artificial protein will cause a dramatic upheaval over the next few years**

New developments are replacing less healthy ingredients, such as food colorings and new flavors. Emphasis is being placed on caloric value, obesity and diabetes.

Sustainability:

Man-made solutions for limited resources (meat, fish, and dairy) as well as solutions addressing environmental and climate risks.

* According to the research company RethinkX, by 2035, animal-based meat and dairy industries in the US will shrink by 80-90 percent.

** In the US, about 37% of households do not drink animal-based milk, and the decrease in milk consumption led to the closure of many dairies. (Source: Livekindly)

Food-Tech - A Growing Global Industry

Since 2013

The volume of investments increased

MORE THAN 8X BY

The number of transactions increased MORE THAN 5X BY

Capital raised annually | 2013-2019 (Billions)

Source: Agfunder report 2019

Accelerated Technological Breakthroughs Lead To Significant Funding That Fuels Continued Development

Opportunities in the Israeli Food-Tech Ecosystem

Food-Tech – The Israeli Ecosystem

Dollars 135 Million

Dollars

SIGNIFICANT INCREASE IN INVESTMENTS

in 2013 in 2019

52 Million

From To

The fast pace of growth in inventions and start-ups is greater than the rate of growth of the funds available in this sector (VC funds, angels, etc.)

Multinational companies have opened centers for scouting companies and developing new technologies, including: Danone, Nestle, AB-InBev, PepsiCo

Estimation from the Israel Innovation ACTIVE COMPANIES Authority ABOUT 250

To date, there are two active incubators dedicated to food-tech, in contrast to a lack of VCs dedicated to food-tech investments

Increasing interest from foreign investors (funds from Singapore, USA, etc.) in Israeli companies

Food Food--Tech -- Areas of Investment Areas of Investment

Personalized Nutrition

AI and Big Data

Novel Ingredients

and Production

Our Portfolio

Developed a 3D printing technology combining personalization of nutrient ingredients and plant-based protein. The first product is a "cooking while printing" burger.

Utilizes a novel, fermentation-based technology to produce natural betalain (purple to yellow) colors from yeast.

Develops, produces, and sells fully compostable flexible packaging and films for the food industry

Personalized, tasty high quality plant-based product at the click of a button

First Portfolio Company - SavorEat

Investment Value of SavorEat

Millennium Food-Tech: Value Creation

About SavorEat

A SOLUTION THAT INTEGRATES TWO INTERNATIONAL TRENDS

Meat alternatives - the leading trend in the food-tech world and in the world in general

Personalized diet: Different people will eat different hamburgers. Different ingredients and nutrition on the inside but similar in taste and texture (meeting different needs of children, athletes, adults)

The company has a prototype that prints a tasty and healthy burger, and has signed a commercial agreement to place its 3D printers in the "BBB" chain which has about 100 branches in Israel.

The company is not a "me too" and is innovative in the content of its hamburger and the market that it targets. (Does not compete for shelf space of retailers with existing, established alternatives.)

The future lies in food personalization

		Customized Nutrition is the Future
Source	Plant-based	Plant-based	Plant-based	Plant-based
No Genetic Modification
Nutritious
Cooking Options
Customized				?

SavorEat has the possibility of cooking parallel to producing without human touch and without requiring separate external cooking of the product.

The Future of Meat Alternatives

Meat alternatives will

140 Billion Dollars BY 2029

of the world meat market will 10%

be alternative, a trend that will continue to grow over time

Source

https://www.investmentbank.barclays.com/our-insights/carving-up-thealternative-meat-market.html

Phytolon – Natural Colors Company

Investment of \$1.8M in SAFE mechanism with a 20% discount of the share price in the next financing round, capped.

Additional investors:

EIT-Food, Vincent Tchenguiz, and Arkin Group, Yossi Akerman

2019 Food Color Market - \$2.85** B **

	% of total	CAGR
Synthetic	31%	-0.4%
Natural	69%	5.8%

Future Applications of the Company's Products

Develops, produces, and sells fully compostable flexible packaging that delivers the durability, functionality, transparency, and sealability of conventional plastic

Millennium invested \$4Min SAFE with a 20% discount in the next round, capped

TIPA

Look and feel similar to conventional plastic

Properties and functionality designed to address the high-end markets of flexible packaging

TIPA

Flexible packaging addresses a \$ 102B market but NO viable end-of-life solutions are available

400+ companies have announced that 100% of their plastic packaging will be recycled or compostable by 2025

Segments & Applications TIPA G-1 TIPA G-2 Fresh Produce Dry Food Snacks v v v v Bars v v v

Current Customers

Advantages of Investing in the Partnership

The Partnership investing in foodtech companies with a clear B2B or B2C business model with a relatively short time-to-market

Current regulation enables fund raising as necessary for the purpose of encouraging investment and innovation

A public R&D partnership provides investors with the opportunity to invest in a developing industry in amounts suitable for either short or long-term investments

Difficulty obtaining financing for start-up companies potentially gives investors preferable investment opportunities.

Hands-on approach by the management team. The managers will contribute their experience to promote the success of the companies.

Advantages of the Public Partnership

For Companies For Investors

• Transparency: The institutional investors and the public have an opportunity to invest in start-ups at a level of transparency that is not available with VC and private investment funds.
• Liquidity: Realization at any given moment. Investment in a public vehicle at the pricing of private market companies. (Over time the pricing may be equal.)
• Exposure to the world of food-tech, which affects each and every one of us and impacts our way of life.
• Investment diversification stemming from the nature of the instrument.

Exposure to the capital markets, benefiting future attempts to raise capital. The market becomes "familiar" with the companies even before they become public.

Media exposure for customers, investors, and strategic partners.

A range of investment possibilities (capital, debt, or integrated).

Key Investment Considerations

• The only listed partnership specialized in food-tech
• Investment in a sector with accelerated growth and potential high returns
• Proven track record in identifying and improving investments
• Seasoned management team with a significant contribution to portfolio companies
• Transparency and liquidity for investors

As of the end of November 2020, the partnership is in advanced stages of due diligence in 4 additional companies.

Chanan Schneider, CEO Mobile: +972-54-664-5494 Chanan@millennium-ft.com www.Millennium-ft.com