Chicago – March 21st, 2023

Blommer strengthens efforts to protect andrestore forests in our cocoa supply chain.
Deforestation is a global challenge and a major threat to the environment and communities that depend on forests
for their livelihoods. Particularly in the two major cocoa-producing countries of Côte d'Ivoire and Ghana wheresignificant deforestation has taken place since the early 2010s, largely driven by the expansion of agriculturalcommodities, including cocoa.
To address deforestation and promote sustainable cocoa production, Fuji and Blommer are proud to announce
two exciting new sustainability partnerships.
These two new initiatives will strengthen the Fuji Group's efforts to eradicate deforestation risk from their cocoa
supply chain and promote reforestation with a primary focus on Blommer's direct cocoa farming network. Theseactions are aligned with the Cocoa and Forest Initiative (CFI), a multi-stakeholder platform that aims to end
deforestation and restore forests in the cocoa sector.

Fuji and Blommer partner with Satelligence to fight deforestation in its global cocoa supply
chain with cutting edge technology
Fuji and Blommer have teamed up with Satelligence, the world leader in geospatial forest monitoring, to assess andaddress deforestation risk in Côte d'Ivoire, Ghana, and Ecuador.
To provide Blommer with the data needed to carry out their monitoring and assessments, Satelligence combines
satellite imagery, AI-driven algorithms, and ancillary data on cocoa farm locations using a thorough methodology,
verified by E&Y.
The picture that emerges will bolster Blommer’s sustainability strategy with landscape and farm level insights that
include canopy cover change, carbon loss/gain on and around cocoa farms, risk assessments, identification of shadecocoa areas, and carbon sequestration monitoring.
A real-time risk alerting system is also being
implemented to enhance Blommer’s capacity
to swiftly address the drivers of deforestationand forest degradation. For Blommer, thepartnership with Satelligence is also an
important milestone to ensure compliancewith upcoming legislations.
Satelligence’s initial assessment covers
around 50,000km² across Côte d’Ivoire,Ghana, and Ecuador. The first report that
focused on land cover change between 2001
and 2021, as well as a Forest Loss Risk Index(FLRI) concluded that “no clear trends arevisible from year to year for deforestation” inBlommer’s cocoa supply chains.
The fact that deforestation has remained consistently low in their supply chains, reflects on Blommer’s continuous
efforts to fight deforestation, and deliver sustainable cocoa to its customers. This is encouraging and reinforces theimportance of having a robust strategy for monitoring environmental risk in global supply chains, supported by stateof-the-art monitoring tools.

Fuji and Blommer partner with AgroMap to contribute to the reconstitution of the Ivorianforest coverFuji and Blommer have also recently partnered with AgroMap, an Ivorian company specializing in nature-based
solutions, to progress on their commitment to plant 1 million trees in cocoa producing origins affected bydeforestation by 2030. Through this partnership, Fuji and Blommer will plant about 300,000 multipurpose forest andfruit trees in Côte d’Ivoire between 2023 and 2025 and promote cocoa agroforestry and community reforestation in
their supply chain.

The project also targets to diversify the income of cocoa farming households through promoting Income Generating
Activities and distribute multipurpose trees with a focus on improving soil health. Through this project, Fuji andBlommer aim to strengthen the resilience of producers and communities affected by climate change and contributeto carbon sequestration. In addition, the trees will provide vital habitat for local wildlife and participate in protecting
biodiversity.
Fuji and Blommer understand the importance of making a positive impact on the communities and ecosystems
where they operate, through nature-based solutions. “Our commitment to sustainability and responsible production
is an integral part of our mission, and we are proud to be taking these steps to deliver impact in major cocoa origins.”
Said Andrew Harner, Vice President of Sustainability at Blommer. Fuji and Blommer believe these initiatives willcontinue to support providing their customers with high-quality, sustainably made products that they can feel goodabout supporting.

See Fuji Oil Holdings press release here: https://www.fujioilholdings.com/en/assets/20230320_news_e.pdf
About Satelligence
Satelligence is a geospatial sustainability company. Their curated and E&Y verified insights on deforestation, supply
chains, land degradation, and downstream scope 3 emissions make product journeys and investment portfolios
sustainable, from tree to shelf. For more information, please visit their website, or their LinkedIn page.
About AgroMap
Agro-Map is an Ivorian company founded in 2018 whose mission is to promote sustainable agricultural practices
that combat climate change. Environmental and social issues are at the heart of their approach. Agro-Map's corecompetency lies in their community-based approach to agroforestry and reforestation. They also intervene in therealization of feasibility studies and the implementation of carbon credit projects. Their objective is to reconcile
agriculture and forest in order to maintain a microclimate that ensures a better balance of the ecosystem inagricultural production areas. To do this, Agro-Map uses satellite and GIS technology to identify land use inintervention areas and develops land management action plans with stakeholders. For better monitoring of planted
trees, AGRO-MAP has developed a web and mobile application called "AKIDOM".