28 May 2026

BSF Enterprise PLC

Auction Update - May 2026

BSF Enterprise PLC ("BSF" or the "Company"), a biotech platform company driving a bio-sustainable future, announces updates to the planned auction of Lab-Grown Leather Ltd (BSF's wholly owned subsidiary) unique T-rex leather handbag.

Publication of Drouot Auction Catalogue

Lab-Grown Leather Ltd (LGL) flagship bio-engineered T-rex leather handbag has been officially featured in the upcoming auction catalogue by the prestigious Paris-based auction house, Hôtel Drouot.

Following a rigorous appraisal process, Drouot has set an official estimate of €500,000 for this world-first luxury asset.

The auction is scheduled to take place on June 11th, 2026 online and in person, details can be found in the link below. Please also note that there can be no guarantee that the auction will result in a sale.

https://drouot.com/en/v/177615-tentationdeg4

Commercial Progress & Strategic Pipeline

Following the highly successful global reveal and public exhibition of the T-rex leather handbag in Amsterdam, the Company has experienced a significant increase in inbound commercial interest. LGL is currently in preliminary discussions with several global Tier-1 brands across luxury, sportswear and automotive sectors.

To preserve the extreme exclusivity and value of the Company's initial bio-material yields, these conversations are strictly focused on highly limited, bespoke collaborations and long-term future material development, rather than mass-market commercialisation.

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https://bsfenterprise.com/link/rJKmpP

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About BSF Enterprise PLC

BSF Enterprise PLC (LSE:BSFA; OTCQB: BSFAF) develops and commercialises cutting-edge tissue-engineered solutions, including lab-grown leather (via LGL), cultivated meat, and corneal repair technologies. By leveraging its proprietary scaffold-free ATEP™ platform, BSF delivers sustainable, high-performance alternatives to conventional materials, targeting global markets where provenance, ethics, and performance are increasingly prized by consumers and brands alike.