On December 1, 2023, Splash Beverage Group, Inc. announced Peter J. McDonough, notified the Board of Directors of his intention to resign as an independent director of the Company and as a member of each committee of the Board on which he served,effective as of December 31, 2023. Mr. McDonough?s resignation was not the result of any dispute or disagreement with the Company orthe Company?s Board of Directors on any matter relating to the operations, policies or practices of the Company. The Company thanks Mr. McDonough for his service to the Company.

Simultaneously, on December 1, 2023, Candace Crawford also notified the Board of her intention to resign as an independent director of the Company and as a member of each committee of the Board on which she served, effective as of December 31, 2023 . Ms. Crawford?s resignation was not the result of any dispute or disagreement with the Company or the Company?s Board of Directors on any matter relating to the operations, policies or practices of the Company. The Company thanks Ms. Crawford for her service to the Company.