Mr. Ross O. Drysdale reports

RUMBU HOLDINGS ANNOUNCES BANK FACILITY AND RELEASE OF YEAR END FINANCIAL STATEMENTS

Subsequent to year-end, Rumbu Holdings Ltd. entered into a letter of agreement with the Bank of Montreal for a credit facility in the aggregate amount of $3.5-million to provide funding to the Company for acquisitions and an Operating Facility.

The Company also announces the release of its Audited Consolidated Financial Statements for the years ended December 31, 2023 and 2022 which has been filed on SEDAR. Any questions with respect to the Financial Statements or the Bank Facility may be directed to the Chairman of Rumbu as noted below.

About Rumbu

Rumbu is a publicly traded holding company focused on acquiring, partnering, managing and operating funeral homes, crematoriums and aquamation facilities in Western Canada. Rumbu will collaborate with existing funeral homes to assist in the transition of aging ownership to new business practices in order to ensure quality funeral services in rural and mid-market communities. Rumbu will enter into partnerships with local funeral directors and embalmers who don't have the financial backing to purchase the funeral home where they are employed from the existing owners. Rumbu also has the capability to acquire locations with limited staffing and to integrate experienced funeral professionals into the location that the Company acquires. Once in the community, diligent local funeral directors and embalmers will then partner with Rumbu and become the managing partners within their communities. Rumbu understands the difficulties of succession planning as other corporate funeral home companies focus on larger markets and lack the interest in the smaller and mid-market communities. The Company believes in providing continued and compassionate funeral services for all families in need.

We seek Safe Harbor.