Investor Presentation | July 2021

Smart Food-Tech Investments

Disclosure & 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 information regarding the portfolio companies is based on information received from each of the portfolio companies with respect to itself.

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 Business School.

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. Before establishing Millennium Food-Tech, 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 Food-Tech 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.

OREN ATTIYA, CFO

Extensive experience in accounting, finance and tax practices, working with both local and international companies. Oren has served as the CFO of several start-ups and incubators in the high-tech, life-science, and Food-Tech sectors, including the Israeli innovation arm of one of the largest foreign food corporations in the world, and Fresh-Start food-tech incubator owned by Tempo and Tnuva. Oren has extensive experience in the capital markets and has accompanied a large number of IPOs and M&As. Oren was an Audit Manager at PwC Israel and holds a BA in Accounting and Economics and is a member of the ICPA.

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).

Millennium Food -Tech Our Secret Ingredients

Proven track record

in excellent and promising Food -Tech companies

Consistent growth

the food industry is ripe for disruption, demonstrating very high growth

Hands

-on approach and unique collaborations to actively lead the companies to success

Attractive portfolio with Clear business model & relatively short time -to -market

Seasoned management with extensive network in the global Food -Tech ecosystem

Transparency & liquidity public partnership

Market Revolution Rapid Change in Demand

Food Engineering Toolbox has become obsolete

Animal protein

Flavor & taste substances

The New Industry Guidelines

Nutrition & Health Awareness

Demand for natural & nutritious ingredients
Obesity & diabetes.
Emphasis on caloric value

Sustainability

Limited resources & climate changes
Sustainable packaging solutions

Alternative Protein

Animal rights
Diseases & pandemics (COVID-19, SARS)
Livestock carbon footprint

Food –Tech

A Growing Global Industry

Since 2013

MORE THAN 1 The volume of investments increased BY X 3

The number of transactions increased

X5 BY 2.2 MORE THAN

Capital raised annually

2013-2020 (Billions)

Investor Presentation | July 2021 7

30.5

Technological Breakthroughs

Lead to significant funding that fuels continued development, production & growth

Opportunities in the Israeli Food-Tech Ecosystem

Food-Tech The Israeli Ecosystem We are the Partner of Choice

Food-Tech The Israeli Ecosystem

Press Coverage

Millennium Food-Tech A Year at a July 2021 Glance

5 th Investment – Egg'n'up (term sheet) May 2021

th Investment - TripleW

April 2021

November 2020

3 rd Investment – TIPA
SavorEat goes public

6 th Investment – Aleph Farms

July 2021

Cooperation Agreement The Kitchen Hub

2 nd Investment - Phytolon

September 2020

USD 30m + Total Capital Raised

²⁰²¹ ⁴ • Millennium Food-Tech IPO • 1 st Investment - SavorEat

July 2020

Personalized Nutrition

Protein Alternatives

Novel Ingredients & Production

AI & Big Data

Waste Reduction

Smart Packaging & Extended Shelf-Life

Our Portfolio Leading Israeli Innovation

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

Utilizes a novel, fermentationbased 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

Developed a process to upcycle food waste into high-value, lowcost biochemicals in an ecofriendly bioprocess

Develops Plant-Based egg replacement for various application in the food manufacturing processes

Developed a healthy and ethical bovine cultured meat, focusing on whole cut steaks

Sugar Substitute

Grocery Retail Tech UX

Plant-Based Dairy Substitutes

Retail Brands AI & Big Data

Smart Kitchen Appliance

& More

Partnership

With The Kitchen Hub

Cooperation agreement with TKH's follow-on investments in the best Food-Tech companies

Partnering with a market leader with extensive global network and partnerships

TKH is a leading company builder and incubator in the Food-Tech ecosystem with

20 Portfolio companies e.g.

Source - TKH website: https://www.thekitchenhub.com/

OUR PORTFOLIO

3D Printed Plant Based Meat

Protein Alternatives

portfolio

SavorEat develops 3D-printed, plantbased meat alternatives, offering personalized nutrition solutions for restaurants and food providers.

\$63 M (TASE) SVRT: TASE

Commercial Agreement 100 Branches in Israel

Technology

Digitally personalized Process

cooking

Readyto-Serve

*Source: https://www.livekindly.co/vegan-140-billion-2029/

Natural Food Colors

Novel Ingredients & Production

portfolio

Available Market \$5.6b* BY 2026

Phytolon utilizes a novel, fermentation-based technology to produce natural and healthy Betalain pigments out of yeast.

Potential Customers

Additional Investors

Technology

Plant Genes Healthy Colors

Baker's Yeast Efficient Bio-factory

*Source: https://www.marketsandmarkets.com/Market-Reports/food-colors-market-36725323.html

Compostable Packaging

Smart Packaging & Extended Shelf-Life

TIPA's fully compostable flexible packaging mimics the durability, functionality, transparency, and sealability of conventional plastic.

Customers

Investors

Reports/flexible-packaging-market-1271.html

Making Waste History

Waste Reduction

portfolio

TripleW upcycles food waste into high-value sustainable bio-materials demonstrating a pure circular economy production of Lactic Acid and PLA.

Commercial Production Facility

In collaboration with

Potential Clients

Investors

Technology

*Source: https://www.grandviewresearch.com/industryanalysis/lactic-acid-and-poly-lactic-acid-market

Delicious Egg-free Products

Protein Alternatives

Egg'n'up is a sustainable plant-based egg alternative maintaining egg's taste, texture, appearance, functionality properties and high nutritional values.