Mr. Daryl Lockyer reports

RUMBU HOLDINGS ANNOUNCES SUCCESSFUL SHAREHOLDER MEETING, IMPROVED BANK FACILITY AND PRIVATE PLACEMENT

Rumbu Holdings Ltd. held its annual and special meeting of Rumbu shareholders on Jan. 14, 2026. At the meeting, the shareholders approved all resolutions, including approval of KMSS LLP as the auditor for the company, the current slate of directors and the company's stock option plan. The company is also pleased to announce that it received an amended and improved term sheet from Bank of Montreal, its principal lender.

In addition, the company plans to complete a non-brokered private placement of up to two million units, with each unit composed of one common share and one common share purchase warrant. Each unit is priced at $1 per unit for aggregate gross proceeds of $2-million. One warrant together with $1.40 will enable the holder to acquire one additional common share of the company for a period of 12 months from the closing date of the private placement. The proceeds from the private placement will be utilized for general working capital, including the acquisition of additional funeral homes by the company. Closing of the offering is subject to several conditions, including receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange.

The units will be offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions). The offering is being made in all the provinces of Canada (except Quebec) and other qualifying jurisdictions including the United States and to a limited number of international investors outside of Canada and the United States. The units offered under the offering will be immediately free-trading under applicable Canadian securities laws. Units sold to subscribers resident in the United States and jurisdictions other than Canada may be subject to additional restrictions on trading. The offering document for the private placement will be available on the company's profile on SEDAR+.

The offering is anticipated to close on or around Feb. 27, 2026, or such other date as the company may determine. The company is also prepared to pay 6 per cent in cash and 6 per cent in warrants to registered dealers or finders in accordance with the policies of the TSX Venture Exchange.

We seek Safe Harbor.