Mr. Bernard Lonis reports

REVOLUGROUP ANNOUNCES CEO AND DIRECTOR STEPPING DOWN

Revolugroup Canada Inc. chief executive officer and director Gavin McMillan will be stepping down from his positions, effective immediately. Mr. McMillan joined the company in August, 2023, and served as CEO for over six months. During his leadership, Mr. McMillan has been instrumental in focusing on the continued development of the API-driven (application programming interface) payment-as-a-service (PaaS) model, which has continued to expand through key white-label partnerships and joint venture agreements and enhancing revenue streams.

In a statement, Bernard Lonis, the chairman of the board, acknowledged Mr. McMillan's vital contributions and leadership, stating: "We owe a great deal of gratitude to Gavin for his dedication and the continued strong foundation he has helped to build for Revolugroup's future. We wish Gavin the best in his future endeavours."

The board has commenced a comprehensive search process to identify a successor who will lead the company into its next growth phase and ensure continuity in executing Revolugroup's strategic objectives. The search will include internal and external candidates, and the board aims to complete the process promptly.

About RevoluPay

The company's flagship Neobanking technology is RevoluPay, the Apple and Android multinational payment app. Conceived entirely in-house, RevoluPay features proprietary, sector-specific technology of which the resulting source code is the company's intellectual property. RevoluPay's built-in features include remittance payments, forex (foreign exchange), retail and hospitality payments, real estate payments, pay-as-you-go phone top-ups, gift cards and on-line credits, utility bill payments, leisure payments, travel payments etc. RevoluPay is aimed at the worldwide multibillion-dollar open banking sector and plus-$630-billion family remittance market. RevoluPay is operated by the European wholly owned subsidiary RevoluPay EP S.L., located in Barcelona. RevoluPay is a licensed United States MSB, Canadian FINTRAC (the Financial Transactions and Reports Analysis Centre of Canada) and European PSD2 payment institution 6900 under European Union directive 2015/2366 with EU passporting.

About Revolugroup Canada Inc.

Revolugroup Canada is a multiasset, multidivisional, publicly traded Canadian company that controls five wholly owned subsidiaries on four continents. Revolugroup deploys advanced technologies in banking, mobile apps, money remittance, cross-border forex payments, mobile phone top-ups, e-gaming, health care payments, e-sports, invoice factoring, on-line travel, vacation resort, blockchain systems and fintech app sectors.

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