On December 26, 2022, Sandra Orihuela tendered her resignation as a member of the board of directors (the “Board”) of Cuentas Inc. (the “Company”) which would also include her not being a Director effective after the Company’s 2022 Annual Meeting (the “2022 Annual Meeting”). Ms. Orihuela’s resignation was not in connection with any disagreements with the Company. On December 30, 2022, the Board appointed Ms. Lexi Terrero as director to the Board.

Ms. Terrero qualifies as “independent” under Nasdaq Stock Market rules.