Mr. Johan Wattenstrom reports

DEFI TECHNOLOGIES PROVIDES UPDATE ON TIMING OF ANNUAL FILINGS

Defi Technologies Inc. may experience a delay in filing its annual financial statements, management's discussion and analysis, and related chief executive officer and chief financial officer certifications for the year ended Dec. 31, 2025.

The potential delay relates solely to the possible timing of receipt of a SOC 2 Type 2 report from a material third party counterparty that is relevant to the company's audit procedures. As of the date of this release, the company has not yet determined whether the report will be received in time to support completion of the audit process by the filing deadline of March 31, 2026.

If the SOC 2 Type 2 report is received by March 31, 2026, the company currently expects to complete its audit procedures and file the annual filings on time.

If the report is not received by March 31, 2026, management intends to undertake additional audit procedures, which may involve substantial incremental cost, to support completion of the audit and filing of the annual filings as promptly as possible.

The company emphasizes that the potential delay does not relate to any disagreement with its auditor, any issues with the company's financial statements or any identified weakness in the company's internal controls over financial reporting. Other than the possible delay in receiving the SOC 2 Type 2 report from the third party counterparty, the audit process is otherwise expected to be completed on schedule.

In connection with the potential delay and default in the completion of the annual filings, the company has made an application to the Ontario Securities Commission, as principal regulator, to approve a temporary management cease trade order under National Policy 12-203 (Management Cease Trade Orders). If granted, the MCTO will prohibit trading in securities of the company, whether direct or indirect, by certain insiders of the company, but will not restrict trading by other parties. If the potential delay and default occur, until the annual filings are completed, the company will comply with the alternative information guidelines set out in NP 12-203, including by issuing biweekly default status reports, by way of further news releases.

In addition, the company intends to file its 2025 annual report on Form 40-F, including the annual filings, with the U.S. Securities and Exchange Commission on EDGAR at the same time the annual filings are filed with the Canadian securities regulatory authorities on SEDAR+.

The company confirms that, other than as disclosed in prior press releases and material change reports, there have been no material business developments since the filing on Nov. 14, 2025, of the company's latest interim financial reports for the period ended Sept. 30, 2025.

Defi Technologies will provide further updates as appropriate.

About Defi Technologies Inc.

Defi Technologies is a financial technology company bridging the gap between traditional capital markets and decentralized finance. As the first Nasdaq-listed digital asset manager of its kind, Defi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access to over 100 of the world's most innovative digital assets through regulated exchange-traded products; Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and liquidity; Reflexivity Research, which provides leading research into the digital asset space; and Defi Alpha, the company's internal arbitrage and trading business line. With deep expertise across capital markets and emerging technologies, Defi Technologies is building the institutional gateway to the future of finance.

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