Mr. Justin Holland reports

EGUANA ANNOUNCES SHARE CONSOLIDATION

Eguana Technologies Inc. is implementing a 1:10 share consolidation.

At the annual general and special meeting of shareholders held Sept. 26, 2024, the shareholders of Eguana approved a consolidation of the company's issued and outstanding common shares at a ratio of between the range of three and 10 preconsolidation common shares. The board of directors of the company have determined the consolidation will proceed on a 1:10 basis. The company currently has 451,956,022 common shares issued and outstanding. Following completion of the consolidation, the company will have approximately 45,195,602 commons shares issued and outstanding.

The company expects the consolidation will increase the price of its common shares, which could increase investor interest, reduce shareholder transaction costs and improve trading liquidity. Additional details about the consolidation can be found in the company's management information circular dated Aug. 16, 2024, which is available on Eguana's SEDAR+ profile.

The effective date and further details of the consolidation will be disclosed in a subsequent news release. The consolidation remains subject to TSX Venture Exchange approval.

About Eguana Technologies Inc.

Eguana's vision is to build the grid of the future by delivering flexible, modular and cost-effective alternatives to traditional grid upgrades. The company's technology provides value to all key stakeholders -- from the consumer, to the electricity retailer, the distribution utility and the system operator.

Since 1998, Eguana has connected utilities with consumers through its high performance commercial and residential energy storage solutions. The Eguana product suite has been designed from the ground up with both the end-user and the utility in mind to transition the power grid seamlessly.

Manufactured in local facilities in North America to ensure compliance and quality, Eguana's standardized platform allows the flexibility to ensure each product solution is optimized for use in major grid modernization markets.

We seek Safe Harbor.