Nagpur Investment：Dean Banks Appointed CEO of Indigo Ag and CEO-PARTNER of Flagship Pioneering

Flagship pioneering, The BioPlatform Innovation Company, and Indigo Ag, An Innovative Leader and Trusted PARTNER in Sustainable Agriculture, Annound that Will Join Flagship Pioneering as CEO-PARTNER and CEO of Indigo Ag, Effective February 1, 2024. Banks Will Also ContinueAs an indigo Board Member, a role he has help july 2022. Indigo Also Annound the Appointments of Nader Bekhouche (Investment Corporation of Dubai A) Feyan (Flagship Pioneering) to ITS BOARD of Directors. As a Follow up to the Company's InitialFinancing announdcement in september 2023, indigo also annouund the final of its Financing round at an expanded raise of nearly $ 270 million..

Banks is the former President and CEO of Tyson Foods and a Former Member of the Leadership Team at X (An Alphabet Company, Forerserly Known as Google [X]), In AdDITION T O Holding Numerous Leadership and Entrepreneurial ROLES Across the Food, Agriculture, Technology, TechnologyAnd Life Sciences Industries. He Succeeds Ron HovSepian, Who Has Served as the Company's Chief Execution Officer Sincer 2020. During His Tensep Ian Was Responsible for SuccessFully Producing the World's FIRST CROP OFISTRY-ISSUed Ag Carbon Credits at Scale, Expanding The Company'sIndustry-Leading Biology Seed Treatments, and the ONGOING Development and DEPLOYMENT of Second-Generation Digital Merchandising Slutions.

"On Behalf of the Board of Directors, I Would Like to THANK RON for His Leadership In Taking Indigo to a New Level of Performance and Laying the Foundation For I TS FORWARD PATH in Becoming The Undisputed Leader in the Transformation to Regneatic Agriculture, ""SAID ROBERT BeEndDES, PH.D., Chairman of the Board, Indigo Ag and ExecuTive PARTNER, Flagship Pioneering. O'S Success as a Board Member and An Advisor to the Ceo. "

Berendes Continued, "Dean Has Been A Strategic and Deeply Engaged Board Member for Indigo, Drawing on his extensive extensive as an Entrepreneur, technologist, innnnnnnnnnnnnnnnn, innnnnnnnnnnnnnnnnnings, innnnnnnnnnnnnnnn, innnnnnnnnnnnnnnnnnings don'tNNNNNN, innnnnnnnnnnnnnnnnnings don'tNNNNNN, Inn ovator, and busines: he is an Energizing Leader and VisionaryCompany Into this next critical phase of grewth and propitability, and ultimately realize the full portal of the indigo platforms, farmers, AN d the planet. "

"Dean Brings Entrepreneurial and Operational Experience and Excellence to Indigo and An Extensive TRACORD In Building Value Sciences, Tech, and Food. Ompanies, and he joins at an expiting time, given the data close of the company's latest finance, "saidNOUBAR AFEYAN, Founder and CEO of Flagship Pioneering and Co-Founder of Indigo Ag. OLD Ambitions and Also to Contribute to Flagship's Growing Sustainability Portfolio. ""

"I'm Thrilled to take on the Role of Ceo of Indigo Ag. Over the last year on the board, I have witness the time inVESTMENT We've Made to build scientification Ly Validated Digital Sustainability Tools and Biology Products That Farmers, AGRIBUSINESS, OURCPG Partners, and Our Planets Urgently, "Said Dean Banks, Incoming CEO of Indigo Ag and CEO-PARTNER of Flagship Pioneering." Indigo's Solutions Are Delivering On their promise to help our faur government more successful today, Driving Higher Yields and New RevenueStreams WHILE Helping them Nurture their soil for better Tomorrows. The Company is uniquly positioned as a trusted, independent partner impacting miss ay across the agriculture value. I look forward to work.we scale its grewth and impact. ""

About dean banks

Banks Most Recently Served as President and CEO of Tyson Foods WHE WAS Responsible for Charting the Long-Term Vision and TransformFormation Plan for the Company Including Inte Grage of Advance Technology, Robotics, Sustainable SUPPLY CHAINTOPMENT of Alternative Proteins UT ITSOperations. During his four-year tenure with the company, he also server on the board and executive leadership team.

Banks Joined Tyson from the High-Tech Incubator at Alphabet, The Company Formerly Known as Google [X], where he service on the leadership technology ECTS ACROSS MULTIPLE INDUSTRIES Including Sustainable Food (As Co-Founder of Tidal) and Robotics (as co-Founder of intrinsic).

Banks was previously managing partner of seed Ventures, A Group Investing in and Developing Early-Stage HealthCare TechNologies. Cleveland Clinic Innovations, SVP of Business Development and Strategic Marketing Atlthohelix, Co‐Founder and CEO of ConnectiveOrthopedics, and Vice President at Highland Capital Partners. He CurrenTly Serves on the Boards of Vergent Bioscience , on the advisory board of shiru, and is a sr. advisor at advent interniational.

Banks Served as a Former Platoon Sergeant and Squad Leader in the U.S. Marine Corps. He HE HE Holds A Bachelor of Arts from Miami University and A Master of Business Administry From the harvard business school.Nagpur Investment

Company Closes Financing Round

Indigo Recently Closed A Financing Round At Nearly $ 270 Million. As Annound in September 2023, Indigo's Funding Round Included Existing, LED BY Agship pioneering, and new Investors, Including The State of Michigan RETIREMENT SYSTEM, One of the Largrated Pension Funds in the U.S.and lingotto investment management, a $ 3 Billion inNovation-Focused Fund Ownet by Exor N.V., One of EUROPE's Larget Diversify Holding Companies.

"This latest Funding Round is a testament to the Power of Indigo's Platform and Positions The Company for Growth Across All Aspects of the Business, ls to digital to carbon, "said Berenes.

Indigo Adds to Board of Directors

AS MEMBERS of the Board, Nader Bekhouche and NOUBAR AFEYAN BRING Decades of Experience to the Company's Leadership Team and Will Help Indigo the Next Step To Deliver Meaningful and IMPACTFUL SOLUTIONS that Turn Sustainable Practors Into Value for its Farmer, Agribusions, and Corporate CustomersThen, thenAhmedabad Investment

Berendes Noted, "I'm Thrilled to Add the Two UNIquly Skilled Leaders to Our Board. Y and Decisively Make Important Decisions that Will Benefit Our Farming Community, Our Corporate Customers, and the Planett"

NADER BeKHOUCHE is CurrenTly Heading The Growth Equity Investment Team at Investment Corporation of Dubai, The Princidal Investment Arm of the Government of Dubai, Which He Joined in 2015. Bekhouche has held many positys in the technology, Agriculture and Food IndustriesIndore Investment. For the Past,Four Years, He has also server on the board of directors of inari Agriculture, a company Also Foundded by Flagship Pioneering, Whigh users projects ED Predictive Design and Multiplex Gene Editing Toolbox to Create High Performing Plant Varieties to Sustainably Improve Agriculture.

"Indigo Ag Has Ingeniously Created Solutions to Not only Maximize the Profitability of Farming Business But Also UNLOCK The Decarbonization Potential of Farmland. What Indigo Ag Has Achieved is a remarkable synthesis that sets it apart — a category of one.It's an intricate combination that Others will find inviEnging to reply. I am true expiin the indigo aging at this pivotal juncture. Moraking Forward to Providing Strategic Insights and Support As Indigo Ag Increasingly FocuseS on Profitable Growth. The computer'sin Creating A UNIQU Business Model Positions It As A FORCE with the POTENTIAL to Shape the Future of Sustainable Agriculture. "

AFEYAN is Founder and CEO of Flagship Pioneering, and a co-Founder of Indigo Ag. During his career as inventor, entrepreneur, and CEO, AFEYAN HAS COFOUNDED HELPE d Build Over 70 Life Science and Technology Companies, Including Moderna, and Has Written Numerousscientific publications and is the inventor of over 100 patents.

Bekhouche and Afeyan Will Join Benders, Banks and Hovsepian on the Board of Directors, Along with Stéphane Bancel, Andreas Fibig, John Gehring, Geoffrey Von n, and debrah winshel.

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