NANOLLOSE SIGNS COLLABORATION AGREEMENT WITH GLOBAL FIBRE MAKER

• Nanollose has signed a Collaboration Agreement with Grasim Industries Limited, part of the Aditya Birla Group, one of the world’s largest man-made cellulosic fibre
producers.
• The Agreement provides Nanollose with access to Grasim’s world-class expertise and facilities to further develop nullarborTM fibre towards commercialisation.
• Nanollose and Grasim to work together exclusively to commercialise Tree-Free fibres from microbial cellulose.

Nanollose Limited (ASX:NC6) (“Nanollose” or the “Company”) is pleased to announce that it has signed a Collaboration Agreement with Grasim Industries Limited (Grasim), a company
belonging to global conglomerate, Aditya Birla Group, one of the world’s largest man-made cellulosic fibre producers, to exclusively develop, and commercialise Nanollose’s Tree-Free fibres
including nullarbor™ and nufolium™.

The collaboration will provide Nanollose with a world class and globally recognised industrial partner with the ability to accelerate development and commercialisation and provide a
manufacturing foundation for future textile and clothing brands that uptake Nanollose’s Tree-Free fibres. An industrial fibre manufacturer was the last missing link needed to complete Nanollose’s waste to textile value chain.

Grasim Industries Limited, is the flagship company of US$48.3 Billion Aditya Birla Group, and ranks amongst the top publicly listed companies in India. It is a leading global producer of manmade cellulosic fibres for apparel, textiles and non-woven applications. Grasim currently creates its fibres from managed forest trees and its new sustainable processes and technology to safeguard the environment.

COLLABORATION AGREEMENT OVERVIEW:

Under the Agreement, Nanollose and Grasim will contribute in-kind materials and services, and share knowledge and IP around microbial cellulose and its conversion into fibre. The parties will
work together exclusively to further refine and develop the process to enable fibre production on Grasim’s pilot spinning line at the tonne scale. Both Nanollose and Grasim will jointly own any new IP generated in the project. Once successful pilot scale production at Grasim has been achieved, Nanollose and Grasim aim to enter into a subsequent agreement for the exclusive production of Tree-Free fibres from microbial cellulose on a commercial scale. The term of the Agreement is up to three years, with either party being able to terminate without penalty by giving six months written notice.

The combination of Nanollose’s Tree-Free cellulose fibre technology, along with Grasim’s sustainability initiatives, has the potential to make this union one of the most eco-friendly and
sustainable fibre offerings on the market.

BENEFITS OF THIS COLLABORATION

Securing Grasim as a commercial fibre manufacturer and having access to existing industrial assets and infrastructure to support development is transformative for Nanollose. The scale of
Grasim’s pilot facilities will enable trial productions of hundreds of kilograms to tonne quantities of fibre. In addition to testing and refining the technology, it is envisaged that it will provide enough nullarbor fibre for future apparel brands to create small collections of clothing. Both companies aim to work together to optimise the entire end-to-end process for optimum commercial uptake of Nanollose’s Tree-Free fibres.

Managing Director of Nanollose Alfie Germano said; “We are thrilled to have Grasim as an industrial partner. This collaboration will allow Nanollose to scale with a globally recognised fibre
maker and create a number of commercially ready sustainable fibre products that will meet the growing demand from brands seeking eco-friendly alternatives. Grasim will also bring a high level
of credibility when Nanollose begins offering textile and clothing brands with our breakthrough products. We feel this is a natural joining of forces that creates an alliance that will pioneer a new
bio-material supply chain along with ticking many large sustainability boxes and increasing market demands”