Kate Farms Expands Access with Launch of High Protein Nutrition Shakes at Select Walmart Stores:

GOLETA, Calif., Nov. 10, 2025... The #1 doctor-recommended plant-based brand* is proud to announce that they've expanded their retail footprint for their newest product, High Protein Nutrition Shake, which is now available on shelves in select Walmart stores and on walmart.com. With 90% of Americans living within 10 miles of a store, Walmart's scale makes Kate Farms' high-quality, plant-based nutrition accessible to more people nationwide. This news follows Kate Farms' recent launch of its Kids Nutrition shake at Walmart last month, further expanding access to clinically designed, plant-based nutrition for the whole family.

"We're excited to bring our High Protein Nutrition Shakes to Walmart and make high-quality, plant-based nutrition even more accessible," said Tom Beecher, President of Kate Farms. "In 2024, the U.S. retail plant-based food market reached $8.1 billion, reflecting how more families are embracing plant-based options in their daily lives. We're proud to offer them trusted, clinically backed nutrition where they already shop."

Kate Farms High Protein Nutrition Shake is an excellent source of protein designed to give people the nutritional support they need for muscle health, during weight loss, or everyday enjoyment. Each carton delivers 160 calories, 25 grams of protein, and 6 grams of fiber. It's a convenient choice for anyone seeking high-quality, plant-based protein and essential nutrients—all in one easy shake— but it is also designed to support nutrition during GLP-1 use when their appetite may be reduced.

"High Protein Nutrition Shake was thoughtfully developed with health goals in mind," said Dr. Christina J. Valentine, MD, RDN, Chief Medical Officer at Kate Farms. "Making sure GLP-1 users are getting enough high-quality nutrition, including vitamins and minerals, phytonutrients, protein, and fiber, is all important. We made this product to help people get the nutrients they need to live their best lives."

Kate Farms is committed to helping people access high-quality nutrition. Visit katefarms.com to see if High Protein Nutrition Shake or Kids Nutrition is available at your local Walmart store.

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements concerning Danone that are subject to risks and uncertainties. Generally, you can identify these forward-looking statements by forward-looking words, such as “estimate”, “expect”, “anticipate”, “project”, “plan”, “intend”, “objective”, “believe”, “forecast”, “guidance”, “foresee”, “likely”, “may”, “should”, “goal”, “target”, “might”, “will”, “could”, “predict”, “continue”, “convinced” and “confident,” the negative or plural of these words and other comparable terminology or by using future dates. Forward-looking statements in this press release include, but are not limited to: statements regarding Danone’s operation of the Kate Farms business following completion of the contemplated transaction; the expected benefits of the transaction; and the future operation, direction and success of the Kate Farms business. These forward-looking statements are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those anticipated in these forward-looking statements. These risks and uncertainties include, but are not limited to: the ability of the parties to consummate the proposed transaction on a timely basis or at all, and the risk of any unexpected costs or expenses resulting from the proposed transaction. For a detailed description of risks and uncertainties, please refer to the “Risk Factor” section of Danone’s Universal Registration Document (the current version of which is available at www.danone.com).

Subject to regulatory requirements, Danone does not undertake to publicly update or revise any of these forward-looking statements. This document does not constitute an offer to sell or a solicitation of an offer to buy Danone securities.

About Danone (www.danone.com) Danone is a leading global food and beverage company operating in three health-focused, fast-growing and on-trend Categories: Essential Dairy & Plant-Based products, Waters and Specialized Nutrition. With a long-standing mission of bringing health through food to as many people as possible, Danone aims to inspire healthier and more sustainable eating and drinking practices while committing to achieve measurable nutritional, social, societal and environment impact. Danone has defined its Renew strategy to restore growth, competitiveness, and value creation for the long-term. With over 90,000 employees, and products sold in over 120 markets, Danone generated €27.4 billion in sales in 2024. Danone’s portfolio includes leading international brands (Actimel, Activia, Alpro, Aptamil, Danette, Danio, Danonino, evian, Nutricia, Nutrilon, Volvic, among others) as well as strong local and regional brands (including AQUA, Blédina, Bonafont, Cow & Gate, Mizone, Oikos and Silk). Listed on Euronext Paris and present on the OTCQX platform via an ADR (American Depositary Receipt) program, Danone is a component stock of leading sustainability indexes including the ones managed by Moody’s and Sustainalytics, as well as MSCI ESG Indexes, FTSE4Good Index Series, Bloomberg Gender Equality Index, and Access to Nutrition Index. Danone’s ambition is to be B CorpTM certified at global level in 2025.

About Kate Farms (www.katefarms.com) Kate Farms was founded when a little girl named Kate was failing to thrive because she couldn't tolerate any of the available tube feeding formulas. Her determined parents, Richard and Michelle, had the transformative idea to develop a formula using high-quality, organic, and plant-based ingredients without the common allergens and ingredients often found in traditional formulas. In 2015, Brett Matthews partnered with Richard and Michelle and became Chairman and CEO to build a great team of people and bring Kate Farms into healthcare to help people with health conditions.

Kate Farms provides nutritional formulas and shakes for children and adults, intended for both oral and tube feeding, whether as sole-source or supplemental nutrition. They are available nationally and eligible for insurance coverage with Medicare, Medicaid, private insurance, and in 33+ states for WIC†. All formulas and shakes are made with organic pea protein, fiber, and phytonutrients, and without the top nine allergens, artificial sweeteners, colors, or flavors. Today, Kate Farms can be found in more than 1,400 U.S. hospitals, online at www.katefarms.com, Amazon, and in select retail stores. For more information on our full product portfolio, visit www.katefarms.com.

Minority investors in Kate Farms include Novo Holdings, Goldman Sachs, Kaiser Ventures, Main Street Advisors, Coefficient, Aliment Capital, and Ithaka.

†WIC is a registered service mark of the U.S. Department of Agriculture for USDA’s Special Supplemental Nutrition Program for Women, Infants, and Children.