• First shipment under the Sales Cooperation Agreement with PT Kebula Raya Bestari
• Initial contract to supply 60 metric tonnes of Indonesian seaweed biomass to South Korea-based food ingredient manufacturer MSC, Ltd.
• Kebula to manage logistics and supply arrangements, leveraging its established Indonesian seaweed supply network

The Board of BPH Global Ltd (ASX: BP8) is pleased to announce the Company's first shipment of seaweed under the previously announced Sales Cooperation Agreement with PT. Kebula Raya Bestari (Kebula). This initial sale is to MSC, Ltd., a South Korea-based food ingredient manufacturer (MSC), with Kebula managing the logistics and supply arrangements. This transaction represents BP8's first engagement with both Kebula and MSC under the Sales Cooperation Agreement. MSC will use the seaweed to produce Carrageenan. The contract covers the supply of three 20-foot container loads (FCL), totalling 60 metric tonnes of seaweed biomass, valued at USD 62,400. The seaweed will be shipped by sea, departing Indonesia on 28 May with an expected arrival date of 25 June at the port of Busan, South Korea. Payment terms are 100% telegraphic transfer (TT) payable one week after receipt of goods, with an estimated trade cycle of approximately 45 days. Consistent with the previously announced arrangement, profit sharing between Kebula and BP8 is set at 35% and 65%, respectively. To mitigate transit risks, insurance will be applied to the shipment. The contract also includes provisions for moisture and foreign matter inspections at the discharge port, with a 1% deduction factored into the pricing to account for potential deductions.