Mr. Mark Vendramin of Spur Point Capital reports

SPUR POINT CAPITAL INC. EARLY WARNING REPORT

Spur Point Capital Inc., on Sept. 14, 2026, acquired an aggregate of 12,900 common shares of Swiss Water Decaffeinated Coffee Inc. through the facilities of the Toronto Stock Exchange for total consideration of $119,952.

Immediately prior to the acquisition, the acquiror held 1,778,991 Swiss Water common shares, representing approximately 18.55 per cent of Swiss Water's issued and outstanding common shares. As of the acquiror's early warning report dated June 17, 2026, the acquiror held 1,599,691 Swiss Water common shares, representing approximately 16.68 per cent of Swiss Water's issued and outstanding common shares. After giving effect to the acquisition, the acquiror now holds 1,791,891 Swiss Water common shares, representing approximately 18.68 per cent of Swiss Water's issued and outstanding common shares. This represents an increase of approximately 0.13 per cent in the acquiror's shareholdings in Swiss Water and an increase of approximately 2.00 per cent in the acquiror's shareholdings in Swiss Water since the Acquiror's early warning report dated June 17, 2026. The securities were acquired for investment purposes only. The acquiror may from time to time increase or decrease ownership or control of securities of Swiss Water depending on market conditions and/or other relevant factors. A copy of the early warning report has been filed on SEDAR+.

The head office of the issuer is located at 7750 Beedie Way, Delta, B.C., V4G 0A5. The head office of the acquiror is located at Suite 2700, 225 6th Ave. SW, Calgary, Alta., T2P 1N2.

About Spur Point Capital Inc.

Spur Point Capital is an Alberta-based investment holding company focused on long-term value creation through strategic investments.