SOL Global Investments : Provides Interim Unaudited Financials for the First Quarter Ended February 2024

SOL Global Provides Interim Unaudited Financials for the First Quarter Ended February 2024

TORONTO, April 29, 2024 - SOL Global Investments Corp. ("SOL Global" or the "Company") (CSE: SOL) (OTCPK: SOLCF) (Frankfurt: 9SB) today reported unaudited financial results for the first quarter ended February 29, 2024. The Company is 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 Q1 FY 2024 Results

• For the quarter-ended February 29, 2024, the Company recorded a net loss of $1.5 million vs. quarter-ended February 28, 2023, net loss of $10.8 million. This represents a favourable change of $9.3 million between periods.
• Total unrealized gain from investments totalled $0.7 million for the quarter-ended February 29, 2024, compared to an unrealized loss of $12.8 million for the quarter-ended February 28, 2023. This represents a favourable change of $13.5 million between periods.
• Total realized loss from investments totalled $0.2 million for the quarter-ended February 29, 2024, compared to a realized loss of $5.9 million for the quarter-ended February 28, 2023. This represents a favourable change of $5.7 million between periods.
• The unaudited Net Asset Value ("NAV") per share is equal to $0.11 on February 29, 2024, vs. $0.91 on February 28, 2023.

"SOL is confident that it has turned the corner and will see good results in the coming months ahead." said Paul Kania, CFO and Interim CEO. "Some of our core holdings have been trending upwards and we have significant liquidity events on the horizon."