BlueNalu Welcomes Prince Khaled bin Alwaleed to Its Corporate Advisory Board

BlueNalu, a global leader in the development of cell-cultured seafood announced today the addition of His Royal Highness Prince Khaled bin Alwaleed bin Talal Al Saud to its esteemed corporate advisory board during the 28^th meeting of the Conference of the Parties (COP 28) in Dubai, UAE. His commitment to sustainable development, food security and resilience, and the humane treatment of animals aligns with BlueNalu's mission to provide healthy, humane, and restorative seafood to meet the world's growing demand.

The news was announced during COP 28 where Prince Khaled and BlueNalu CEO, Lou Cooperhouse were both speakers at the Abu Dhabi Sustainability Week Summit on Climate Action. The Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) is an international climate summit in which world leaders gather to work together on solutions to tackle climate change.

Prince Khaled is the founder and CEO of KBW Ventures, a venture fund focused on the intersection of innovation and economic growth, which has participated in three of BlueNalu's financing rounds over the past five years. With holdings in three continents, Prince Khaled brings a global perspective, invaluable insights and relationships, which will make him a key asset in supporting BlueNalu's goal to commercialize its premium cell-cultured seafood products over the coming years.

In 2019, BlueNalu established its corporate advisory board, which consists of influential leaders who have been instrumental in supporting the company's strategic objectives. The now eleven-member advisory board represents a diverse range of experts, contributing strategic guidance in the areas of business development, culinary arts, science and technology, operations, regulatory affairs, marketing, nutrition, and sustainability. In 2022, BlueNalu also established a four-member scientific advisory board, with expertise in innovation, product development, bioprocessing, engineering, sensory science and systems biology.

"I am excited to join forces with BlueNalu and its distinguished corporate advisory board to further its mission to bring ethical cell-cultured seafood to global markets," said Prince Khaled. "The potential to transform today's food industry to one that is resilient and food secure is essential, and I believe that can only be accomplished through innovative leaders like BlueNalu."

BlueNalu's platform technology is designed to produce seafood directly from fish cells in order to address the challenges of declining marine species populations and the increasing global demand for seafood. Approximately 3 billion people worldwide rely on seafood for nutritious protein, for which consumption has increased faster than any other animal-sourced food over the last 60 years with demand at an all-time high. By 2050, the global supply chain gap is expected to reach 50 million tons. The company aims to complement traditional fishing methods and provide a responsible alternative that is healthy for people, humane for animals, and sustainable for the planet.

"We are delighted to welcome Prince Khaled to our advisory board, leveraging his extensive global expertise for our plans to commercialize our business over the coming years," said Lou Cooperhouse, founder, president, and CEO of BlueNalu. "It is through the support and strategic involvement of visionary leaders like Prince Khaled that BlueNalu can strengthen our commitment to food secure solutions for communities worldwide."

About BlueNalu

BlueNalu's mission is to develop great-tasting, healthy, safe and trusted cell-cultured seafood products that support the sustainability and diversity of our ocean. BlueNalu is a member of the United Nations Global Compact and aligned with the UN Sustainable Development Goals, a blueprint to achieve a better and more resilient future for our planet. BlueNalu began its operations in 2018 and is based in San Diego, California.

For more information about BlueNalu's corporate and scientific advisory boards please visit https://www.bluenalu.com/advisory-board.

Forward looking statement

This press release contains forward-looking statements including, but not limited to, statements related to the scalability of BlueNalu's products, the development and commercialization of BlueNalu's products and the benefits of BlueNalu's corporate and scientific advisory boards and board members. These forward-looking statements are based on BlueNalu's current expectations and inherently involve significant risks and uncertainties. BlueNalu undertakes no duty or obligation to update any forward-looking statements contained in this press release as a result of new information.