Mr. Trevor Davidson reports

APARTMENTLOVE UPDATE ON SHARE SUBSCRIPTION FACILITY

Further to Apartmentlove Inc.'s previous announcement on Sept. 29, 2023, of its share subscription arrangement with GEM Global Yield LLC SCS (GGY), the company did not close on any drawdowns under the share subscription agreement within the 45-day offering period prescribed by Section 5A.4(2) of National Instrument 45-106 -- Prospectus Exemptions. In accordance with Part 5A of NI 45-106, the company is therefore announcing that it intends to issue common shares of the company under the share subscription agreement pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. Because the offering is being completed pursuant to the listed issuer financing exemption, the common shares so issued will not be subject to a statutory hold period pursuant to applicable Canadian securities laws.

There is an offering document related to the offering that can be accessed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

About GEM Global Yield LLC SCS

Global Emerging Markets is a $3.4-billion, alternative investment group with operations in Paris, New York and Los Angeles. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 400 transactions in 70 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return and liquidity profile. The family of funds and investment vehicles provide GEM and its partners with exposure to: small-mid cap management buyouts, private investments in public equities and select venture investments.

About Apartmentlove Inc.

Apartmentlove is a leading provider of on-line home, apartment and vacation rental marketing services to property managers, owners, renters and vacationers in more than 30 countries around the world. Promoting more than 350,000 daily active homes, apartments and vacation properties on its network of short-term and long-term rental marketing websites, Apartmentlove has proven its ability to scale as a fast-growing proptech (property technology) in today's complex and dynamic markets. Seeking to consolidate the deeply fragmented Internet listing industry, Apartmentlove has acquired multiple businesses that have many monthly active users, a history of recurring revenues, positive cash flows, and custom technologies that accelerate and destress the renting experience.

We seek Safe Harbor.