Mr. Gediminas Klepackas reports

TONY G CO-INVESTMENT ANNOUNCES FILING OF CORRECTIVE DISCLOSURE PURSUANT TO OSC REVIEW

Tony G Co-Investment Holdings Ltd., further to the review by the Ontario Securities Commission (OSC) of the company's continuous disclosure, and a subsequent request from OSC staff in connection therewith, the company has made corrective disclosure with respect to the following documents:

• Management's discussion and analysis for the year ended Jan. 31, 2022;
• Management's discussion and analysis for the period ended April 30, 2022;
• Management's discussion and analysis for the period ended July 31, 2022.

Corrective disclosure was requested by OSC staff in connection with the company's application to revoke the failure-to-file cease trade order issued by the OSC on June 6, 2022. Corrective disclosure addresses various deficiencies identified under Form 51-102F1 -- Management's Discussion & Analysis, including investment and fair value disclosures; description of business and discussion of operations; overall performance; summary of quarterly results; liquidity and capital resources; transactions between related parties; investments in emerging markets; and cryptocurrency risks.

For the purpose of making corrective disclosure, and in accordance with OSC Staff Notice 51-711 (revised) -- Refilings and Corrections of Errors (SN 51-711), the company has filed revised versions of the MD&As on SEDAR providing additional details and clarifications with respect to the company's business, operations, investments, use of proceeds, performance and risk factors. Certifications of interim and annual filings for each MD&A, as applicable, will also be filed by the company as part of its corrective disclosure, and in compliance with National Instrument 52-109 -- Certification of Disclosure in Issuers' Annual and Interim Filings.

As a result of having to provide such corrective disclosures, the company will be placed on the public list of refiling and errors in accordance with SN 51-711 and will remain on the list for a period of three years from the date of refiling the corrective disclosure.

We seek Safe Harbor.