New Risk • May 31
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Negative equity (-CA$583k). Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$8.03m market cap, or US$5.83m). Announcement • May 30
Clean Seed Capital Group Ltd. announced that it has received CAD 0.605971 million in funding Clean Seed Capital Group Ltd. announced that it has completed a non-brokered private placement of 6,059,710 units at a price of CAD 0.10 per Unit, for gross proceeds of CAD 605,971 on May 29, 2026. Each Unit consists of one common share of the Company and one share purchase warrant. Each Warrant entitles the holder, on exercise, to purchase one common share for a period of 12 months following the closing date of the Offering at the exercise price of CAD 0.25 per share. There are no finder’s fees in connection with the Offering. All securities to be issued pursuant to the Offering will be subject to a regulatory hold period of four months and a day in accordance with the rules and policies of the TSX Venture Exchange and applicable Canadian securities laws, and such other further restrictions as may apply. An insider of the Company purchased an aggregate of 3,000,000 Units in the Offering. The Offering is subject to the acceptance of the TSX-V. Upon TSX-V acceptance the Company will close the Offering. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Glenn Gatcliffe was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 
