Mr. Ofir Friedman reports

UPDATE REGARDING SPETZ'S SHARE CONSOLIDATION

As an amendment to its press release dated Sept. 29, 2023, Spetz Inc. intends to undertake a share consolidation (reverse stock split) of its issued and outstanding common shares on the proposed basis of one postconsolidation common share for every 100 preconsolidation common shares, with a record date of Oct. 5, 2023, and an effective date of Oct. 10, 2023. The consolidation was approved by shareholders of the company at its annual and special meeting held on July 31, 2023. In connection with the consolidation, the company has reserved a new Cusip (848403200) and ISIN (CA8484032005).

The company currently has 516,215,000 issued and outstanding common shares. Following the consolidation, the issued and outstanding common shares of the company will be reduced to approximately 5,162,150 common shares. No fractional common shares will be issued pursuant to the consolidation and any fractional common shares that would have otherwise been issued have been rounded down to the nearest whole number. The change in the number of issued and outstanding common shares resulting from the consolidation will not affect any shareholder's percentage ownership in the company, although such ownership will be represented by a smaller number of common shares.

No action will be required by existing shareholders with respect to the consolidation. The company encourages any shareholder with any questions or concerns to contact the company or to discuss any of the foregoing with their broker or agent. The exercise or conversion price and the number of common shares issuable under any of the company's outstanding warrants, senior notes, stock options and other securities exercisable for or convertible into common shares will be proportionately adjusted to reflect the consolidation in accordance with the respective terms thereof.

The consolidation is subject to approval by the Canadian Securities Exchange (the CSE). Additional documentation with respect to the consolidation will be posted under the company's profile on the website of the CSE.

About Spetz Inc.

Spetz is a multinational technology company that operates Spetz, a global on-line, artificial-intelligence-powered marketplace platform that dynamically connects consumers to nearby top-rated service providers in around 30 seconds. Spetz is available in the United States, United Kingdom, Australia and Israel. The Spetz vision is to reinvent how people around the world connect to services in their moment of need. Connecting them immediately with the top-matched service provider, for any need, any time, anywhere.

We seek Safe Harbor.