SOL Global Provides Interim Unaudited Financials for the Second Quarter Ended May 2024

Toronto, Ontario. July 30, 2024 – SOL Global Investments Corp. (“SOL Global” or the “Company“) (CSE: SOL) (OTCPK: SOLCF) (Frankfurt: 9SB) today reported unaudited financial results for the second quarter ended May 31, 2024. The Company is also pleased to present a general operational update regarding its assets and investments. All figures in this press release are in Canadian dollars, unless otherwise indicated.

Unaudited Results for the Six-Month Period Ended May 31, 2024

• For the six-month period ended May 31, 2024, the Company recorded a net loss of ($4.5) million vs. six-month period ended May 31, 2023, net loss of ($12.2) million. This represents a net change of $7.7 million.
• For the three-month period ended May 31, 2024, the Company recorded a net loss of ($3.1) million vs the three-month period ended May 31, 2023, net loss of ($1.2) million. This represents a net change of $1.9 million.
• Total loss from investments totalled ($20.7) million for the six-month period ended May 31, 2024, compared to loss of ($9.4) million for the six-month period ended May 31, 2023. This represents a net change of $11.3 million between periods.
• Total loss from investments totalled ($21.6) million for the three-month period ended May 31, 2024, compared to income of $2.8 million for the three-month period ended May 31, 2023. This represents a net change of $24.4 million between periods.
• The unaudited Net Asset Value (“NAV”) per share is equal to $0.06 at May 31, 2024, vs. $0.89 at May 31, 2023.

“SOL remains steadfast and continues to assist its core portfolio companies in this volatile market as we do appreciation in the coming quarters.” said Paul Kania, CFO and Interim CEO.