Firmenich Opens Culinary & SmartProteins® Innovation Hub in Singapore

GENEVA,May 3,2021 --Firmenich,the world's largest privately owned fragrance and taste company,today announces the launch of itsCulinary andSmartProteins® InnovationCenter in Tuas,Singapore. The new centerwill serve as a regional R&D hub for Asia and aglobal center of expertise in alternative proteins for meat and dairy analogs. The Innovation Center is key to Firmenich's Savory vision,to deliver breakthrough integrated solutions in Meat Proteins and Plant-based alternatives bringing together technical expertise in aroma,flavor,taste,umami and texture solutions from Campusand Firmenich.

"Leading the industry inalternative proteinsolutionsis a key focus forFirmenich and this is an important milestone in our global expansion of capabilities,"said Emmanuel Butstraen,Global President,Taste & Beyond atFirmenich. "The center will allow us to partner closely with ourcustomers to serveafast-growingnumber ofFlexitarian consumerswith deliciousfood & beverageoptions."

"Supporting the move towards plant-based diets and reducing reliance on animal productsis in line with our ESG Ambitions2030to support significant reductions in emissions and water use," Emmanuel Butstraen added. "We are proud to have Singapore's Economic Development Board (EDB) as a partner in this investment. This new facility will be home to some ofthe best talent in the industryacross several disciplines to deliver truly innovative,consumer-focused integrated solutions."

Asia Pacific is the fastest- growing region for plant-based alternatives worldwide and is estimated to grow 25% by 2025. The new SmartProteins® center in Singapore will enable Firmenich to meet this growing demand by combining its global expertiseandCampussolutions.

"Firmenich's comprehensive portfolio of Smart Proteins® capabilities include ingredients and delivery technologies designed to create great-tasting plant-based food and beverages," saidJun Saplad,Taste & Beyond's Regional President for Asia. "By harnessing our deepregional andlocalunderstanding and our expertise in taste and plant-based proteins,the Innovation Center will allowus to tailor solutions to the unique needs of theAsianmarket and explore new angles for meat-free dishes."

"Firmenich's decision to select Singapore as its alternative proteins innovation hub for Asia is testimony to Singapore's leading role in creating and developing sustainable and innovative solutions to meet the nutritional needs of the region," said Mr. Ow Kai Onn,Vice President and Head,Chemicals and Materials,Singapore EDB. "Firmenich's presence in Singapore spans nearly 50 years. EDB is proud to support this undertaking,which would enable Firmenich to capture new growth opportunities as well as strengthen Singapore's Flavor and Fragrance specialty chemicals sector."

About Firmenich

Firmenich is the world's largest privately-owned fragrance and taste company,founded in Geneva,Switzerland,in 1895 and has been family-owned for 125 years. Firmenich is a leading business-to-business company specialized in the research,creation,manufacture and sale of perfumes,flavors and ingredients. Renowned for its world-class research and creativity,as well as its leadership in sustainability,Firmenich offers its customers superior innovation in formulation,a broad and high-quality palette of ingredients,and proprietary technologies including biotechnology,encapsulation,olfactory science and taste modulation. Firmenich had an annual turnover of 3.9 billion Swiss Francs at end June 2020. More information about Firmenich is available atwww.firmenich.com.