TO: All Customers and Vendors

FROM: Chris Snyder, CEO Feed Energy

RE: Fire at Sioux City plant

DATE: May 4, 2020

As you may already know, Feed Energy had a fire at our Sioux City plant. The fire started Friday, May 1 around 4:30 pm CDT. The Sioux City team did a great job in evacuating the facility, calling 911, and doing a head count to ensure everyone was accounted for. No employees or first responders were hurt.

Gratefully, the fire posed little risk to the surrounding community. And while we do not know the cause of the fire, we will be working with investigators to determine the source.  On behalf of all the employees at Feed Energy, we want to thank the fire departments from Sioux City, South Sioux City, Sergeant Bluff, and the Air National Guard fire department, for their prompt response.

We are still assessing the amount of damage done to the area of the plant affected. At this time, we have no plans to change our staffing at Sioux City and will work hard to get the facility back up and running.

We have contingency and continuity plans in place in case of an emergency like this, so we will be shifting processing and orders to our Des Moines plant. I have talked to our operations team and we are confident we can meet the needs of our customers and vendors.

Our Chairman of the Board, Bob Riley said, “I want to thank the sales, logistics and strategy teams. They have not missed a beat. I am confident our vendors and customers will notice nothing – except a phenomenal commitment to serve.”

While I am very sorry for the Sioux City fire, I am grateful none of our teammates or first responders were hurt. We will assess the situation, develop a recovery plan, and then execute that plan. Like they have always done, I saw our team members from both Des Moines and Sioux City rise to the occasion, and I know they will do whatever is necessary to get our company through this challenging event.

Kind regards,

Chris Snyder, CEO