Mr. Lance Tracey reports

LANEBURY ANNOUNCES $700,000 LOAN

Lanebury Growth Capital Ltd. has borrowed $700,000 from Code Consulting Ltd. and issued a promissory note to Code. The loan from Code bears interest at an annual rate of 12 per cent and is repayable on Dec. 31, 2023.

The company also announces that it has provided a $350,000 loan to Plank Ventures Ltd. The loan to Plank carries 12-per-cent interest per annum and is repayable on Sept. 30, 2023. Plank issued a promissory note to the company with respect to the loan to Plank.

The company further announces that it has provided a $200,000 loan to Mobio Technologies Inc. The loan to Mobio carries 12-per-cent interest per annum and is repayable on Dec. 31, 2023. Mobio issued a promissory note to the company with respect to the loan to Mobio.

The loan from Code and the loans to Plank and Mobio are related-party transactions pursuant to Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. Lance Tracey is the beneficial owner of Code, a director of Lanebury, and a control person of Lanebury, Plank and Mobio, and, as such, Mr. Tracey has abstained from voting with respect to the loan from Code, and the loans to Plank and Mobio.

With respect to the loan from Code and the loans to Plank and Mobio, Lanebury, Plank and Mobio relied on the exemption from the valuation requirement pursuant to Section 5.5(b) (issuer not listed on specified markets) of MI 61-101 and from the minority shareholder approval requirement prescribed by Section 5.7(1)(f) (loan to issuer, no equity or voting component) of MI 61-101.

There is no undisclosed material information by Lanebury, Plank or Mobio. Lanebury, Plank and Mobio each have at least one independent director, and all independent directors approved the loan from Code, and the loans to Plank and Mobio.

About Lanebury Growth Capital Ltd.

Lanebury is an investment company with an investment strategy focused on building a portfolio of high-quality investments in technology start-ups. The company primarily targets investments that have a monthly revenue model and can be scaled easily using Internet and mobile technologies.

We seek Safe Harbor.