An anonymous director reports

MANAGEMENT CEASE TRADE ORDER

Global Hemp Group Inc. anticipates a delay in the filing of the financial statements required pursuant to Part 4 of National Instrument 51-102 (Continuous Disclosure Obligations) and management's discussion and analysis relating to the audited annual financial statements as required by Part 5 of the instrument, as well as the chief executive officer and chief financial officer certificates relating to the audited annual financial statements as required by National Instrument 52-109 (Certification of Disclosure in Issuers' Annual and Interim Filings), as a result of the necessity of appointing a new chief financial officer during the audit period and due to the resignation of the previous CFO. The recruitment of a suitable replacement, as well as the subsequent on-boarding process to familiarize the new CFO with the company's accounting procedures, caused further delays in completing the audit within the prescribed time frame.

The instrument requires that the company's audited financial statements and MD&A for the fiscal year ended Sept. 30, 2023, be filed by Jan. 29, 2024. The company and its auditor are in the process of completing the associated audit work to complete these audited financial statements. The company expects that the required filings will be completed and filed on or before March 29, 2024.

In connection with the anticipated delays in making the required filings within the time periods mandated by the instrument, the company has applied for and received a management cease trade order under National Policy 12-203 (Management Cease Trade Orders) by the B.C. Securities Commission, as principal regulator for the company. The MCTO will restrict all trading by the company's chief executive officer and chief financial officer in securities of the company, whether direct or indirect. The issuance of the MCTO will not affect the ability of persons who are not directors, officers or insiders of the company to trade their securities. The MCTO will remain in effect until the required filings are filed or until it is revoked or varied.

The company confirms that it intends to satisfy the provisions of the alternative information guidelines described in NP 12-203 by issuing biweekly default status reports in the form of a news release for so long as it remains in default of the requirement to make the required filings. The company has no material information relating to its affairs that has not been generally disclosed.

We seek Safe Harbor.