The SOL Global Investments Corp.'s current CEO, Kevin Taylor, will transition from the Company to a strategic advisory role working directly with SOL's portfolio companies, specifically in his role of CEO of House of Lithium Ltd., SOL Global's larger single holding. Contemporaneously with Mr. Taylor's transition, the Board of Directors has elected Paul Kania, CFO of the Company, to act as interim CEO. Both of these changes are effective immediately.

As the result of its ongoing board refreshment process, SOL Global has elected Ms. Deena Siblock and Mr. Mehdi Azodi to the Board of Directors, effective February 27, 2023. Ms. Siblock, previously SOL Global's Corporate Secretary, has been appointed Vice President and Director, elevating both Deena's role in corporate governance and compliance. Deena has more than 20 years of experience and has distinguished herself as a leader in corporate governance, communications, and risk management.

Mr. Azodi brings a strong investment background and broad business experience as well as a valuable global perspective as both a CEO and director of a public investment company. Olivier Centner will step down as an independent director of the Company's board of directors and continue to be involved as a special advisor to the Company with an active focus on the Company's investee companies. With the appointments, SOL Global's Board now comprises three directors, two of whom are external and independent and the majority of whom are female.

Ms. Siblock is the Board's only internal director.