BONUMOSE'S LOW-COST TAGATOSE
PROCESS RECEIVES KEY HEALTH AGENCYAPPROVALS, CONSTRUCTION OF FIRSTPRODUCTION FACILITY ON SCHEDULE FORSPRING 2022 OPENINGASR Group - exclusive sales and distribution partner - reports strong customer
demand for the unique, rare sugar, accelerating the timeline for a second production
plant.

NEWS PROVIDED BY
Bonumose, Inc.; ASR Group Dec 13, 2021, 11:24 ET

CHARLOTTESVILLE, Va., Dec. 13, 2021 /PRNewswire/ -- Bonumose, Inc. announces theachievement of regulatory and food application milestones in the United States and Canadafor the low-glycemic, rare sugar tagatose, as the company progresses on time and on schedule
for the opening of its first commercial production facility in Spring 2022.

"A low-cost tagatose supply is highly sought after by leading, global food companies for a wide
variety of applications that meet sugar-reduction targets in confectionery, ready-to-eat cereal,
ice cream, yogurt, beverages, meal replacement drinks, cookies, bars and other popular
categories," said Ed Rogers, CEO of Bonumose. "Tagatose's unique features enable it to meetcalorie-reduction targets without compromising taste or texture while working withincompanies' existing food production lines."

Tagatose – a rare sugar that occurs in tiny quantities in some fruits and grains as well as in thecocoa tree – is 92% as sweet as sugar, maintains a clean, no-aftertaste flavor profile as well as
provides critical functionality such as bulking, mouthfeel, caramelization, freezing-pointdepression and low hygroscopicity. Tagatose has a negligible glycemic index (3), 60 percent
fewer calories than sucrose and prebiotic, fiber-like benefits by feeding healthy probiotics inthe gut.

To date, the obstacle limiting widespread use of tagatose has been its high cost. Bonumose
solves the issue through a lower-cost method using non-dairy, plant-based starch, enzymes
and a streamlined process that eliminates several complicated steps that inflate the cost oftagatose and allulose for other producers.

The U.S. Food and Drug Administration (FDA) recently approved Bonumose's unique method.
Additionally, Health Canada approved Bonumose's process, marking the first time tagatose has
been approved for sale in Canada. Regulatory submissions are underway and planned in all
major markets worldwide.

Bonumose will launch tagatose production and sales in the first half 2022 with ASR Group, theworld's largest cane sugar refiner and marketer. ASR Group is Bonumose's exclusive distribution partner in the United States, Canada, Mexico and Western Europe. ASR Group's customers
have successfully tested tagatose in formulations to meet reduction targets without sacrificing
taste or function.

"Tagatose has performed extremely well for our customers across a wide variety of applications,and they are enthusiastic about having an affordable supply of tagatose available to themsoon," said Jim Kappas, ASR Group's Vice President of Specialty Ingredients. "Using theseinsights, we forecast demand may already outstrip the production capacity at Bonumose's first
production plant, and we will likely need to scale up as soon as possible."

About Bonumose, Inc.
Bonumose, Inc. (www.bonumose.com) is an early-stage food ingredient and enzyme innovationcompany based in Albemarle County, Virginia. Bonumose is supported by global strategic
investors and "food for health"-focused institutional investors, and an expanding network ofglobal collaboration partners across the value chain. Bonumose developed and patented themethods for continuous production of high-purity rare sugars – such as Tagatose and Allulose –from low-cost, plant-based starch. Bonumose's cost-advantaged processes make possible theglobal mass-market adoption of healthy, great-tasting, fully-functional rare sugars. Bonumose

also can upcycle by-product/sidestream starch left over from its supply chain partners' foodproduction. Beyond food ingredients, Bonumose also is developing enzyme solutions for
dietary supplements, crop protection, animal nutrition, and other globally-significantindustries. Bonumose operates with a philosophy of Business as a Moral Imperative.

About ASR GroupASR Group is the world's largest refiner and marketer of cane sugar, with an annual production
capacity of more than 6 million tons of sugar. The company produces a full line of grocery,industrial, foodservice and specialty sweetener products. Across North America, ASR Groupowns and operates six sugar refineries, located in New York, California, Maryland, Louisiana,Canada and Mexico. In Europe, the company owns and operates sugar refineries in the United
Kingdom, Portugal, and, with a joint venture partner, Italy. ASR Group also farms sugarcane andowns sugar mills in Mexico and Belize. The company's portfolio includes the leading brands
Domino®, C&H®, Florida Crystals®, Redpath®, Tate & Lyle®, Lyle's® and Sidul®. ASR Group isowned by Florida-based cane sugar producers Florida Crystals Corporation and Sugar Cane
Growers Cooperative of Florida. ASR Group and its parent companies jointly own Tellus
Products, LLC, a maker of compostable tableware and foodservice products from sugarcaneand other plant fibers. For more information, visit www.ASR-Group.com.

SOURCE Bonumose, Inc.; ASR Group