Mr. Sajid Premji reports

SABIO ANNOUNCES DEBENTURE EXTENSIONS AND SHARES FOR DEBT SETTLEMENT

Sabio Holdings Inc. has entered into agreements with certain holders of its outstanding unsecured subordinated debentures maturing on Aug. 25, 2026, to amend and extend an aggregate principal amount of $780,000 of debentures for an additional three-month term.

Under the extension arrangements, participating debentureholders have agreed to extend the maturity date of their debentures for three months. During the extension period, the debentures will bear interest at a rate of 24 per cent per annum, payable monthly. The company will retain the right to prepay the debentures at any time without penalty.

As consideration for agreeing to the extension, the company proposes to issue an aggregate of 259,995 common shares to the participating debentureholders at a deemed price of 9.5 cents per common share, representing consideration equal to 3 per cent of the aggregate principal amount of debentures extended.

In addition, the company has entered into agreements with certain debentureholders to settle an aggregate of $163,500 of accrued interest owing under the debentures through the issuance of common shares of the company. The company proposes to issue an aggregate of 1,923,525 interest shares at a deemed price of 8.5 cents per common share in full satisfaction of such accrued interest obligations.

The company is not settling any principal amount of the debentures through the issuance of shares. The shares-for-debt settlement relates solely to accrued interest owing under the debentures.

The issuance of the interest shares constitutes a shares-for-debt transaction pursuant to TSX Venture Exchange Policy 4.3. The issuance of the interest shares and extension shares remains subject to the acceptance of the TSX Venture Exchange. All securities issued in connection with the transactions will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws.

No insiders, related parties or non-arm's-length parties of the company are participating in the proposed issuance of interest shares or extension shares.

About Sabio Holdings Inc.

Sabio Holdings is a technology and service leader in the fast-growing ad-supported streaming space. Its cloud-based, end-to-end technology stack works with top blue-chip, global brands and the agencies that represent them to reach, engage and validate streaming audiences.

Sabio consists of a proprietary ad-serving technology platform that partners with the top ad-supported streaming platforms and apps in the world and App Science, a non-cookie-based software-as-a-service analytic and insight platform with artificial intelligence natural language capabilities, and Creator Television, the first creator-led streaming network and content studio dedicated to bringing the authenticity and energy of social media storytelling to TV.

We seek Safe Harbor.