History – from Foundation to Stock Exchange Listing

• On December 29, 2006: listing of Ranaz’s shares on the TSX Venture Exchange under the symbol RNZ.
  
  
• On December 29, 2006, the Company carried out an initial public offering (the “IPO”). The IPO consisted
  of an offering of 6,666,667 units at a price of $0.60 per unit for proceeds of $4,000,000. Each unit consisted of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder to purchase one common share at an exercise price of $0.60 until December 29, 2008.
  
  
• In April 2006, the Company completed a private placement of 2,857,143 common shares and 1,428,571 warrants with FIER Ville-Marie, LP in consideration of $1 million in cash.
  
  
• In October 2005, the Company entered into an open-ended agreement with Herbal Magic ULC, a London, Ontario-based company operating a network of weight loss and nutrition centres through its 310 franchisees across Canada.
  
  
• On October 24, 2003, the Company acquired the 50% interest that Protidiet S.A.S., a French company,
  had in Distridiet.
  
  
• In 2003, the Company adapted its product line to comply with France’s GMO legislation.
  
  
• In 2002, the Company implemented the Kaizen management technique, which resulted in a significant productivity boost for manufacturing operations. The Company also created Distridiet in Ireland and implemented its GMO-free manufacturing policy banning genetically modified organisms (GMOs) for the European market.
  
  
• In 1999, the Company received the SME Award, Montréal-West Area, from a Canadian chartered bank.
  
  
• In 1998, the Company obtained a registration number from the Canada Food Inspection Agency (CFIA) to facilitate the export of its products worldwide. This registration number became necessary subsequent to amendments to European dairy product legislation.
  
  
• In 1997, the Company entered into agreements with distribution networks to sell its Protidiet products in Mexico and Lebanon. That same year also saw a considerable increase in domestic and global sales.
  
  
• In 1996, the Company acquired Fabripak inc., a supplier of packaging services for food powder packets located in Laval, which at that point was responsible for packaging the Company’s products. Since then, its assets have been integrated into the Company’s operations.
  
  
• In 1994, Pro-Animo became a wholly owned subsidiary of the Company, which was incorporated in 1991 by Jean Bourassa-Marineau for the specific purpose of holding the shares of Pro-Amino.
  
  
• In 1993, Pro-Amino entered the European market with a sole distributor and began marketing the Protidiet brand in France.
  
  
• In 1992, Pro-Amino moved into its new 24,000-square feet premises in Saint-Eustache, Québec, and its equipment was modernized.
  
  
• Pro-Amino was founded in 1989 by Jean Bourassa-Marineau.