Mr. Trevor Davidson reports

APARTMENTLOVE PROVIDES CORPORATE UPDATE AND ANNOUNCES CEASE TRADE ORDER

On July 16, 2024, the Alberta Securities Commission as the principal regulator of Apartmentlove Inc. issued a failure-to-file cease trade order to the company under National Policy 11-207 (Failure-To-File Cease Trade Orders and Revocations In Multiple Jurisdictions) as a result of the company's failure to file the following:

• The company's audited annual financial statements for the year ended Dec. 31, 2023, management's discussion and analysis relating to the audited annual financial statements, related officer certifications, and annual information financial form for the year ended Dec. 31, 2023;
• The company's interim financial statements for the three-month period ended March 31, 2024, management's discussion and analysis relating to the interim financial statements and related officer certifications for the three-month period ended March 31, 2024.

As disclosed in the company's press release dated May 17, 2024, the ASC had previously granted a management cease trade order, pursuant to which all trading of the company's securities by the company's chief executive officer and chief financial officer was prohibited until the company's annual documents were filed as required pursuant to National Instrument 51-102 (Continuous Disclosure Obligations). Upon the issuance of the FFCTO, the ASC has concurrently ordered that the MCTO be revoked.

The FFCTO prohibits the trading by any person of any securities of the company in each jurisdiction in Canada in which the company is a reporting issuer, including trades in the company's securities made through the Canadian Securities Exchange, for as long as the FFCTO remains in effect. The FFCTO provides an exception for beneficial securityholders of the company who are not currently (and who were not as of July 16, 2024) insiders or control persons of the company and who sell securities of the company acquired before July 16, 2024, if both of the following criteria are met: (i) the sale is made through a foreign organized regulated market, as defined in Section 1.1 of the Universal Market Integrity Rules of the Canadian Investment Regulatory Organization; and (ii) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation.

The company is working with its auditor and the regulators to ensure full compliance and disclosure requirements are met. The company intends to file the annual documents as soon as possible and will provide updates as further information relating to the annual documents becomes available and as required.

Corporate update

The company's business continues to grow with a management focus on achieving a cash-flow-neutral state and reducing reliance on outside financing as its goal. The company looks forward to providing quantifiable updates on the growth of its on-line home, apartment and vacation rental marketing service business.

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 proved its ability to scale as a fast-growing proptech 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.