Wynnstay Group PLC Dancing with Daffodils Project

TIDMWYN

Wynnstay Group PLC

25 July 2023

AIM: WYN

Wynnstay Group Plc

("Wynnstay" or the "Group" or the "Company")

Dancing with Daffodils Project

Potential Breakthrough Product For British Ruminant Livestock Farmers

Wynnstay, the agricultural supplies group, is pleased to announce its involvement as a consortium partner in a revolutionary research project into the use of daffodils to reduce cattle methane emissions. The Dancing with Daffodils project aims to transform the efficiency and sustainability of ruminant livestock farming and is supported by the Department of Farming, Environment and Rural Affairs and Innovate UK, the UK's national innovation agency.

The project is developing a novel feed additive, using a specific alkaloid extracted from daffodils, which has been shown in the laboratory to achieve exceptional results in methane reduction and protein utilisation in ruminants.

Preliminary data estimates that direct methane emissions from ruminants can be significantly reduced and that feed protein utilisation may be improved by up to 50%. This could potentially increase the productivity of the ruminant sectors and drive multiple environmental benefits.

The consortium is also spearheading the cultivation of daffodils to support the roll-out of this new feed additive and developing a precision on-farm gas analyser to monitor in real-time individual ruminant emissions of methane, hydrogen, carbon dioxide and ammonia.

Wynnstay is well-positioned as the project's route-to-market for its end-products and the project aligns with the Group's objective of supporting farmers to produce food in a more sustainable way.

Gareth Davies, Chief Executive of Wynnstay Group plc, commented:

"We are delighted to be a consortium partner in the Dancing with Daffodils project, which has the support of Innovate UK and DEFRA. This exciting project has the potential to deliver a breakthrough product for livestock farmers, which will significantly reduce methane emissions and enhance protein utilisation in ruminant animals.

"There are significant environmental benefits and we very much look forward to helping to progress this project to completion and providing the route-to-market for the technology."

Enquiries:

 
 Wynnstay Group Plc   Gareth Davies, Chief       T: 020 3178 6378 (today) 
                       Executive                  T: 01691 827 142 
                       Paul Roberts, Finance 
                       Director 
 KTZ Communications   Katie Tzouliadis, Robert   T: 020 3178 6378 
                       Morton 
 

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July 25, 2023 02:00 ET (06:00 GMT)