Ms. Jillian Friedman reports

ETHER CAPITAL ANNOUNCES LEADERSHIP TRANSITION: BRIAN MOSOFF TO STEP DOWN AS CEO, SOM SEIF APPOINTED AS INTERIM CEO, UPDATE ON CORPORATE TREASURY AND NCIB

Ether Capital Corp. has transitioned its executive leadership. Brian Mosoff, who has served as the chief executive officer for over five years, will be stepping down from his role, effective Jan. 1, 2024, and Som Seif, executive chairman of the board and founder of Ether Capital, will assume the role of interim CEO. Mr. Mosoff will continue to contribute to the company's strategic direction as a member of the board of directors.

Mr. Seif co-founded Ether Capital in 2018 with the aim of making it a leading access point in the capital markets for Ethereum and its wider ecosystem. With Mr. Seif at the helm as interim CEO, Ether Capital plans to initiate a strategic review to determine the best path forward for the company's development. Mr. Seif's extensive experience and leadership have been a cornerstone of the company's development and success. Under his leadership, Ether Capital will continue to focus on maximizing operational efficiency and yield generation as it undertakes its strategic review. Jillian Friedman will continue as chief operating officer and interim chief financial officer.

The board of directors would like to express their gratitude to Mr. Mosoff for his contributions to Ether Capital. Mr. Seif said, "The company's achievements in building intellectual property around custody and staking infrastructure is a testament to its innovative approach in a volatile industry."

The company continues its commitment to its normal course issuer bid (NCIB) program and has purchased 670,000 shares since the start of the program in June, 2023, for a cost of $1,272,200. The outstanding share count is 33,533,620 and the shareholder's equity per share is $4.25. The price of Ether has increased by approximately 82 per cent year to date, with the value of the company's Ether treasury at $148.7-million. All figures are as at the market close of Dec. 8, 2023.

About Ether Capital Corp.

The company's mission is to be the premier access point in the public markets for investment in Ethereum's native token, Ether. The company generates yield on its Ether treasury through staking, a process that allows Ether holders to participate in securing the Ethereum network and earn rewards in the form of additional Ether tokens.

The company's strategy is to hold and stake Ether, build intellectual property related to staking and Ethereum infrastructure in general, and supplement staking income with consulting and subadvisory mandates in the digital asset sector.

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