Update on Proposed Schemes of Arrangement

The following update is provided in relation to the proposed acquisition by Elixinol Wellness Limited (Elixinol Wellness or the Company) (ASX:EXL) of The Sustainable Nutrition Group Ltd (ASX:TSN) (TSN), by way of a scheme of arrangement (Share Scheme), pursuant to a binding scheme implementation deed (Scheme Implementation Deed), announced to the ASX on 29 November 2022 (as varied). Originating pr