8 November 2021

S-VENTURES PLC

("S-Ventures" or the "Company")

New Adviser to the Board

S-ventures plc are delighted to welcome Julien Machot as an advisor to the board.

Julien Machot is the Managing Partner of VERSO Capital, an asset manager focused on alternative assets, including private equity, venture capital especially in foodtech and agritech, and real estate.

Julien started his career as an entrepreneur in the field of management education, building a successful company across 14 European countries. In 2012, Julien sold his company and started his career in Private Banking in Switzerland where he worked for Mirabaud and for EFG Bank. Since 2017, following the launch of VERSO Capital, he has invested in high-profile foodtech companies including Impossible Foods, EAT Just, and TurtleTree Labs.

To date, Julien Machot has invested over USD 400 million while expanding VERSO Capital operations in Switzerland, Liechtenstein, the United Arab Emirates and offshore in the British Virgin Islands with its own regulated professional mutual fund.

Scott Livingston commented:

"Julien is an extremely well-established food tech investor and has worked with some of the most impressive food and consumer businesses in the last few years. I firmly believe Julien will add massive value to our business as we look to expand in food tech and healthy snacking"

Julien Machot commented:

"The S Ventures model is unique in the European landscape; there is an unprecedented market opportunity to acquire foodtech and CPG companies and optimize operations, resources, and distribution all under the same roof. I intend to contribute with my private equity and foodtech experience to Scott Livingston and his team."

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