Mr. Trent MacDonald reports

FLOW BEVERAGE CORP. ANNOUNCES AMENDMENT TO WARRANT TERMS

Flow Beverage Corp. is amending the exercise price of its Series D warrants and Series E warrants, issued to NFS Leasing Canada Ltd., respectively, on Dec. 30, 2022, and June 30, 2023.

Exercise price amendment

After giving effect to the exercise price amendment, each warrant issued on Dec. 30, 2022 (the Series D warrants), and June 30, 2023 (the Series E warrants), will now be exercisable to purchase a subordinate voting share of the company at a price of 40 cents per subordinate voting share. The existing and amended exercise prices are detailed in the attached table.

None of the warrants are held by insiders of the company.

The Toronto Stock Exchange provided conditional approval on Feb. 13, 2024, to the exercise price amendment, with an effective date for the amendments of Feb. 29, 2024.

About Flow Beverage Corp.

Flow is one of the fastest-growing premium water companies in North America. Founded in 2014, Flow's mission since day 1 has been to reduce environmental impacts by providing sustainably sourced naturally alkaline spring water in a recyclable and up-to-75-per-cent-renewable, plant-based pack. Today, the brand is B-Corp certified with a best-in-class score of 126.5, offering a diversified line of health and wellness-oriented beverage products: original naturally alkaline spring water, award-winning organic flavours, collagen-infused and vitamin-infused flavours in sizes ranging from 330 millilitres to one litre. All products contain naturally occurring electrolytes and essential minerals and support Flow's overarching purpose to "bring wellness to the world through the positive power of water." Flow beverage products are available on-line and are sold at over 59,500 stores across North America.

We seek Safe Harbor.