New AlgaPrime™ DHA, an Algae-Based Alternative to Fish Oil, Addresses Declining Omega-3 Content in Farmed Salmon

SAN FRANCISCO–(BUSINESS WIRE)– A recent study by Stirling University reveals that the amount of omega-3
fatty acid in farmed salmon in the UK has decreased by 50% in the past
10 years, thus requiring consumers to eat double the portion of salmon
to obtain the same amount of omega-3s. This reduction is believed to be
largely due to changes in the way salmon are fed, as well as declining
worldwide stocks of small oily fish, which have been a primary
contributor of omega-3 fat in fish feed.¹

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To maintain levels of omega-3s in farmed salmon and the human diet,
sustainable and responsibly sourced alternatives to fish oil ingredients
are urgently needed to meet soaring consumer demand for salmon without
further depleting marine fish stocks. AlgaPrime^™ DHA, an
omega-3-rich whole algae ingredient developed by TerraVia Holdings, Inc.
(NASDAQ: TVIA) in partnership with Bunge Limited (NYSE: BG), provides a
sustainable, scalable and economically viable source of omega-3s. As an
alternative to ingredients like fish oil and fishmeal that come from
small oily fish, AlgaPrime^™ DHA can ease the industry’s
reliance on wild fish capture and help preserve the marine environment.

Aquaculture is one of the fastest growing segments of the global food
industry, supplying nearly 50% of fish and seafood for human consumption
according to the Stirling study. “Global demand for seafood is
continually increasing and the only way we can meet this demand without
putting further pressure on wild fish stocks is through responsible
aquaculture,” said Piers Hart, Global Lead for Aquaculture at the World
Wildlife Foundation. “There’s only a limited amount of fish in our seas
to feed us, let alone to make into feed. Now there is a sustainable
alternative to fish oil available on an industrial scale, something we
could only dream about ten years ago.”

“Farmed salmon remains one of the richest sources of omega-3s, which are
beneficial for human health and supporting healthy brain development,”
said Douglas Tocher, a professor at Stirling University’s Institute of
Aquaculture and co-author of the study. “And in fact, farmed salmon
delivers more omega-3s than wild caught salmon.”

“Using AlgaPrime^™ DHA fed salmon could help arrest and
reverse the decline in omega-3s in farmed salmon,” added Dr. Walter
Rakitsky, Senior Vice President, Emerging Business, TerraVia. “AlgaPrime^™
DHA contains approximately three times the level of DHA compared
to fish oil. One ton of AlgaPrime^™ DHA is the equivalent of
saving up to 40 tons of wild caught fish from our oceans on a DHA basis.
In addition, AlgaPrime^™ DHA can help address consumer and
retailer demand for responsibly sourced fish.”

AlgaPrime^™ DHA is currently being made at TerraVia and
Bunge’s SB Renewable Oils joint venture facility in Brazil. The facility
embodies the principles of sustainable production to produce algae-based
products with low carbon, water and land use impacts. Based on sugarcane
feedstock, AlgaPrime^™ DHA has a lower carbon and water
footprint and higher yield per hectare than DHA produced from most other
non-marine sources.

About TerraVia

TerraVia is a plant-based food, nutrition and specialty ingredients
company that harnesses the power of algae, the mother of all plants and
earth’s original superfood. With a portfolio of breakthrough ingredients
and manufacturing, the Company is well positioned to help meet the
growing need of consumer packaged goods and established and emerging
food manufacturers to improve the nutritional profile of foods without
sacrificing taste, and to develop select consumer brands. The Company
also manufactures a range of specialty personal care ingredients for key
strategic partners. Headquartered in South San Francisco, the Company’s
mission is to create products that are truly better for people and
better for the planet. For additional information, please visit
TerraVia’s website at www.terravia.com.

About Bunge Limited

Bunge Limited (www.bunge.com,
NYSE: BG) is a leading global agribusiness and food company operating in
over 40 countries with approximately 35,000 employees. Bunge buys,
sells, stores and transports oilseeds and grains to serve customers
worldwide; processes oilseeds to make protein meal for animal feed and
edible oil products for commercial customers and consumers; produces
sugar and ethanol from sugarcane; mills wheat, corn and rice to make
ingredients used by food companies; and sells fertilizer in South
America. Founded in 1818, the company is headquartered in White Plains,
New York.

Forward Looking Statements

This press release contains certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995,
including statements that involve risks and uncertainties including
statements about TerraVia that involve risks and uncertainties
concerning: the timing, cost and scalability of production and sales of
AlgaPrime^™ DHA and its economic viability and environmental
impact; the ability of AlgaPrime DHA to address demand for use in fish
feed; the ability of AlgaPrime^™ DHA production to help
preserve the marine environment and the nutritional value of seafood;
continued expansion of the aquaculture industry and demand for omega-3s
and responsibly sourced fish by consumers and retailers; the attributes
of AlgaPrime^™ DHA, including as to omega-3 content, its
ability to affect the decline in omega-3s in farmed salmon and save wild
fish; the environmental impact of the production facility; market
acceptance of products; and the ability to maintain relationships with
partners. When used in this press release, the words « will », « expects »,
« intends » and other similar expressions and any other statements that
are not historical facts are intended to identify those assertions as
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Any such statement may be influenced by a
variety of factors, many of which are beyond the control of the
companies, that could cause actual outcomes and results to be materially
different from those projected, described, expressed or implied in this
press release due to a number of risks and uncertainties. Potential
risks and uncertainties include, among others: TerraVia’s limited
operating history; its limited history commercializing products;
implementation risk in deploying new technologies; its limited
experience in constructing, ramping up and operating commercial
manufacturing facilities; delays related to start-up and ramp-up of
production facilities and new products; commercial risk in deploying new
products; its ability to successfully develop and commercialize new
products; its ability to sell products; successful product trials by
customers and market acceptance and adoption of products by end-users;
the ability to obtain requisite regulatory approvals for products; its
access, on favorable terms, to any required financing; and availability
of consistent, reliable power and steam. Accordingly, no assurances can
be given that any of the events anticipated by the forward-looking
statements will transpire or occur, or if any of them do so, what impact
they will have on the results of operations or financial condition.

In addition, please refer to the documents that TerraVia Holdings, Inc.
files with the Securities and Exchange Commission, including its
Quarterly Reports on Forms 10-Q and its Annual Report on Form 10-K, as
updated from time to time, for a discussion of these and other risks.
You are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date of this press release.
TerraVia is not under any duty to update any of the information in this
press release.

¹ Sprague, M. et al. Impact of sustainable feeds on omega-3
long chain fatty acid levels in farmed Atlantic salmon, 2006-2015. Sci.
Rep. 6, 21892; doi: 10.1038/srep21892 (2016).

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