Ms. Nisha Grewal reports

AMBARI RESPONDS TO OTC MARKETS REQUEST ON RECENT PROMOTIONAL ACTIVITY NOT AUTHORIZED BY THE COMPANY

Ambari Brands Inc. has been requested by OTC Markets Group Inc. to issue this statement about promotional activity concerning the company's common stock traded on the OTCQB market. The company notes that the subject promotional activity was not authorized by the company and that the company is taking active steps to pursue the entities involved and to cause them to cease and desist from publishing any information regarding the company.

On Aug. 3, 2023, OTC Markets informed the company that it became aware of certain promotional activities concerning the company and its common stock traded on the OTCQB market, including the distribution of promotional e-mail materials published by Penny Stock School and Penny Stock Zone on Aug. 2, 2023, purporting to discuss the company's operations and growth projections. The company was not aware of the unauthorized entities prior to being made aware of them by OTC Markets. Neither the company, nor its officers or directors, were involved, directly or indirectly, with the creation, distribution or payment of or for the promotional materials. In the company's view, certain statements made in the promotional materials are misleading, and the company encourages readers to disregard the promotional materials in their entirety.

The company has no opinion as to whether or not and/or the extent to which the promotional materials affected trading activity due to the many factors that affect trading activity generally.

The sole firm currently engaged by the company to provide marketing services is The Financial Star as disclosed in the press releases disseminated by the company on Sept. 19, 2022, May 18, 2023, and July 10, 2023. No officer, director, or, to the best of the company's knowledge having made inquiry, shareholder holding 10 per cent or more of the company's shares, has independently paid for or been involved with the creation or distribution of promotional material on behalf of the company, with the exception that the company's board approves all bona fide investor relations engagements and company management reviews and approves bona fide promotional disclosure materials produced by TFS. For the avoidance of doubt, the company's board did not authorize or approve the promotional materials, and the company's management did not review or have any involvement with the promotional materials prior to their publication/distribution.

TFS has confirmed to the company that it did not engage the unauthorized entities and does not have any dealings with them. In the past 12 months, the company had also engaged MIC Market Information & Content Publishing GmbH, as disclosed in a news release dated July 5, 2023, but such engagement was terminated in late October, 2022, and announced on in a press release dated Oct. 24, 2022.

In the past 90 days, neither the company, nor its officers and directors, nor, to the best of the company's knowledge having made inquiry, any shareholder holding 10 per cent or more of the company's outstanding common shares, nor any third party service providers have sold or purchased the company's securities. As announced in a press release dated Feb. 8, 2023, the company conducted a private placement of units of the company at a price of 25 cents per unit, with each unit consisting of one common share of the company and one-half of one transferable common share purchase warrant, with each warrant exercisable into one share at a price of 35 cent per share for a period of one year following the issuance date, as well as 112,000 warrants and a cash fee of $28,000 to a finder. The unit price constituted a discount to the current market rate at the time of the issuance. Aside from the unit financing, the company has not issued any other shares or convertible instruments allowing conversion to shares at a discount to the market rate at the time of the issuance.

For more complete and specific information regarding the company, its prospects, the risks associated with those prospects, and a summary of issuance of shares or convertible securities, readers should consult the company's public filings on SEDAR+, its website and other reliable sources. The company encourages investors to contact their investment advisers prior to making any investments.

About Ambari Brands Inc.

Ambari is a company committed to transforming the beauty industry through its artificial intelligence technology Scarlett and products lines that are carried in the world's largest retailers.

We seek Safe Harbor.