The Trendlines Group Ltd. provided earning guidance for the six months ended 30 June 2022. The Board of Directors of The Trendlines Group Ltd. informed shareholders of the Company that the Group is expected to report a net loss for the six months ended 30 June 2022 ("H1 2022"). Based on the preliminary review of its draft unaudited consolidated financial results for H1 2022, the loss is mainly due to the write-off of portfolio company Stimatix G.I. Ltd. ("Stimatix") from the books of the Company due to the discontinuation of the marketing of the products of Stimatix by its acquirer, as announced by the Company on 14 July 2022.

The current carrying value of Stimatix in the Group's portfolio valuation amounts to USD7.9 million which will be written off in the Group's unaudited consolidated financial results for H1 2022.