Company Website: https://powerlawfunds.com/
SAN FRANCISCO -- (Business Wire)

Powerlaw Corp. (Nasdaq: PWRL) (“PWRL” or the "Fund"), a publicly traded fund offering exposure to private technology companies, today announced the sources of its monthly distribution of $0.0812 per share payable on October 30, 2026, to stockholders of record as of October 20, 2026.

The Fund is providing this notice pursuant to Section 19(a) of the Investment Company Act of 1940 and Rule 19a-1 thereunder, which require that a fund making a distribution from any source other than net income accompany that distribution with a written statement showing the estimated sources of the distribution.

Important Notice
The Section 19(a) sources shown in the table above are unaudited estimates based on the Fund’s books and records, determined in accordance with generally accepted accounting principles, and may differ from the characterization of the distribution for U.S. federal income tax purposes.

Shareholders should not draw any conclusions about the Fund’s investment performance from the amount or sources of this distribution.

Except for the Section 871(k)(2) designation below, the amounts and sources of distributions reported in this notice are estimates only and are not being provided for tax reporting purposes. Following the end of the calendar year, the Fund will provide applicable U.S. federal income tax reporting on Forms 1099-DIV and 1042-S, as appropriate. The actual amounts and sources of income and gains for tax reporting purposes may be subject to change and will be determined prior to the issuance of Forms 1099-DIV and 1042-S.

Section 871(k)(2) Designation
The Fund designates 100% of the October 30, 2026 distribution ($0.0812 per share) as a short-term capital gain distribution within the meaning of Section 871(k)(2) of the Internal Revenue Code (the “Code”). Such distributions are generally exempt from U.S. federal withholding tax for eligible non-U.S. shareholders, subject to applicable requirements. Accordingly, this notice also constitutes the Fund’s written statement to shareholders under Section 871(k)(2)(C)(i) of the Code.

About Powerlaw Corp.
Powerlaw Corp. (Nasdaq: PWRL) is a listed closed-end fund registered under the Investment Company Act, offering a combination of direct and indirect exposure to leading private technology companies through a single Nasdaq-listed security. It provides daily liquidity, monthly NAV reporting, and quarterly portfolio disclosure. As a registered investment company under the Investment Company Act, the Fund is subject to the reporting, governance, and other investor protection provisions applicable to publicly traded funds. The Fund intends to elect to be treated, and to qualify annually, as a regulated investment company ("RIC") for U.S. federal income tax purposes beginning with its taxable year ending September 30, 2026. For more information, visit pwrl.com.

About Powerlaw Fund Adviser, LLC
Powerlaw Fund Adviser, LLC is the investment adviser to the Fund and an affiliate of Akkadian Ventures, LLC ("Akkadian"), a San Francisco-based venture secondary investment firm with more than $1.55 billion in assets under management across affiliated advisers and strategies as of June 30, 2026. Since 2010, Akkadian has completed more than 900 primary and secondary transactions across 139 portfolio companies, bringing deep experience, longstanding industry relationships, and a disciplined underwriting approach to private technology investing. For more information, visit powerlawfunds.com.

Important Information
Investors are advised to carefully consider the investment objective, risks, charges, and expenses of the Fund before investing. A prospectus, dated May 20, 2026, as amended from time to time, which has been filed with the Securities and Exchange Commission, contains this and other information about the Fund and should be read carefully before investing.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. An offer may only be made by means of a prospectus, copies of which may be obtained when available from: Powerlaw Capital Group, LLC at 631 Folsom Street, Suite A-B, San Francisco, California 94107 or by visiting our website at pwrl.com.

An investment in the Fund is speculative and involves a high degree of risk, with substantial risk of loss. Shares of closed-end funds such as the Fund frequently trade at a discount to net asset value. The Fund is a listed closed-end fund registered under the Investment Company Act. Like other Nasdaq-listed securities, it can be held in standard brokerage accounts and in individual retirement accounts.

Closed-end funds differ from open-end funds in that closed-end funds do not redeem their shares at the request of an investor. No stockholder has the right to require the Fund to redeem such stockholder's shares. While the Fund's shares are listed on an exchange, an active orderly market for the shares may not develop or be sustained. Investors may be unable to sell their shares at or above the price initially paid for those shares. There is no assurance that the Fund will achieve its investment objective, or that the private companies in which the Fund invests will ever have a liquidity event.

The Fund may gain indirect exposure to companies by investing in special purpose vehicles or similar investment structures (collectively, "SPVs"). Investors should be aware that the use of SPVs introduces additional layers of structural complexity, costs, expenses, and additional risks related to liquidity, transparency, and valuation. More information regarding these risks is included in the Fund's prospectus.

Forward-Looking Statements
This communication includes "forward-looking statements," including with respect to the Fund's distribution program, trading market, and the performance of the Fund's investments. These statements also include statements regarding the Fund's objectives to expand access to private markets and other statements that are not historical facts. You can sometimes identify forward-looking statements through the use of words or phrases such as "will," "expect," "anticipate," "aim," "intend," or similar words and expressions of the future.

Forward-looking statements involve known and unknown risks, uncertainties, and assumptions, including the risks outlined under "Risk Factors" in the prospectus and elsewhere in the Fund's filings with the Securities and Exchange Commission, which may cause actual results to differ materially from any results expressed or implied by any forward-looking statement. The Fund and its affiliates have no obligation, and do not undertake any obligation, to update or revise any forward-looking statement made in this communication to reflect changes since the date of this communication, except as required by law.

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Contacts:

Investors: ir@pwrl.com
Media: media@pwrl.com

Source: Powerlaw Corp.