Mr. Keith Crone reports

MANAGEMENT FEE REDUCTION ON EVOLVE'S CASH MANAGEMENT SOLUTIONS

Effective immediately, Evolve Funds Group Inc. (the manager) has waived the management fee on each class of units of the Premium Cash Management Fund and U.S. Premium Cash Management Fund until June 30, 2024. In respect of the unhedged Class A mutual fund units of each Evolve fund, the manager has reduced the management fee to the amount of the trailing commission payable to a unitholder's dealer, being 0.25 per cent, until June 30, 2024. The Evolve funds trade on the Toronto Stock Exchange under the ticker symbols MCAD and MUSD.U, respectively.

The Evolve funds are designed to provide investors with the ability to maximize current income, while at the same time preserving capital and maintaining liquidity, by investing primarily in Canadian-dollar-denominated and U.S.-dollar-denominated high-quality short-term debt securities (with a term to maturity of 365 days or less), respectively.

About Evolve Funds Group Inc.

With over $7.7-billion in assets under management, Evolve is one of Canada's fastest-growing ETF (exchange-traded fund) providers since launching its first ETF in September, 2017. Evolve specializes in bringing innovative ETFs to Canadian investors. Evolve's suite of ETFs provide investors with access to: (i) long-term investment themes; (ii) index-based income strategies; and (iii) some of the world's leading investment managers. Established by a team of industry veterans with a proven record of success, Evolve creates investment products that make a difference.

We seek Safe Harbor.