Ms. Natalie Hirsch reports

ANALYTIXINSIGHT PROVIDES AN ADDITIONAL UPDATE ON MARKETWALL

AnalytixInsight Inc. has provided another update on certain matters respecting MarketWall SRL, an Italian fintech (financial technology) solutions company in which AnalytixInsight holds a 49-per-cent equity interest. Intesa Sanpaolo (ISP) holds a 33-per-cent equity interest in MarketWall, with the remaining 18-per-cent equity interest held by Phoenix SRL, a private Italian company that is controlled by MarketWall's chief executive officer, Marco Roscio.

On March 21, 2024, the company's interim president and chief executive officer, Natalie Hirsch, attended a board meeting of MarketWall, at which Ms. Hirsch anticipated that she would be recommended to fill the vacancy left by Prakash Hariharan on the board of InvestoPro SIM, MarketWall's wholly owned subsidiary. However, Ms. Hirsch was advised at the meeting that the board of InvestoPro had held a meeting earlier in the day at which a decision had been made that the board could continue to function without filling the vacant board seat. ISP's and Phoenix's members of the MarketWall board, constituting a majority, voted in favour of a motion to ratify the decision that the InvestoPro board remain at four members; Ms. Hirsch voted against the motion. As part of Ms. Hirsch's request to be considered for the InvestoPro board, the company obtained an Italian legal opinion confirming that she had all of the requisite professional qualifications for the position; however, the opinion was not even considered. As MarketWall's largest shareholder, a member of AnalytixInsight's board has historically always held such a position at InvestoPro.

In addition, a majority of the members of the MarketWall board opposed Ms. Hirsch's motion to resolve to pay AnalytixInsight a distribution from MarketWall's extraordinary reserves. Ms. Hirsch noted that MarketWall had been profitable in 2023 and that a payment of approximately $2-million had been made to the company from MarketWall's 2022 extraordinary reserves when the company had been operating at a consolidated loss. Prior to receiving the aforementioned payment from MarketWall, the company and ISP had together made a capital contribution to MarketWall in the amount of approximately $3.5-million, with AnalytixInsight and ISP contributing approximately $2.1-million and $1.4-million, respectively. Phoenix did not make any contributions of note at the time, although it too received a payment of approximately $750,000 from MarketWall's 2022 extraordinary reserves.

Ms. Hirsch commented: "As a founding shareholder of MarketWall and its largest shareholder, it seems obvious that AnalytixInsight ought to have a right to a board seat on any of its subsidiaries to ensure our interests are properly represented. Our team is committed to deriving value from our investment in MarketWall; however, we remain disappointed in InvestoPro's performance. As of February, 2024, the InvestoPro platform had fewer than 1,000 active users."

About AnalytixInsight Inc.

AnalytixInsight is a data analytics and enterprise software solution provider. AnalytixInsight develops and markets cloud-based platforms providing financial content, company analysis and stock research solutions to the financial services industry. AnalytixInsight holds a 49-per-cent interest in MarketWall, a developer of fintech solutions for financial institutions in Italy.

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