Mr. Sruli Weinreb reports

FINDEV INC. ANNOUNCES A NEW MEMBER OF THE BOARD OF DIRECTORS

Findev Inc. has appointed Robert Jacobs to its board of directors, effective May 12, 2026.

Mr. Jacobs is the president of Towncorp Development Inc. Towncorp owns and is involved in the development of commercial and residential real estate in and around the Greater Toronto Area. Towncorp has participated in the development of over 1,500 residential units in the GTA. Previously, Mr. Jacobs was a member of Credit Suisse First Boston's Principal Transactions Group. Based in New York, the Principal Transactions Group was the largest bank fund of its kind, with $24-billion (U.S.) under management. PTG's mandate encompassed all areas of real estate investing and lending activities, including the acquisition and sale of assets, joint ventures with both public and private real estate companies, loan origination, and the first CMBS mortgage pass-through transactions. While at CSFB, he participated in the underwriting, origination and securitization of over $1-billion (U.S.) in assets.

Mr. Jacobs has been appointed to the company's audit committee, joining Devon Cranson and Sruli Weinreb. All committee members are financially literate, and Mr. Jacobs and Mr. Cranson are independent directors.

The company also announces the resignation of David Roff, CPA, CA, and Brice Scheschuk, CPA, CA, effective May 11, 2026, respectively. Both directors have stepped down to pursue other interests after contributing significantly to the company's transition in 2016 from a technology business to a real estate finance company.

The board wishes to express its sincere gratitude to both Mr. Scheschuk and Mr. Roff for their significant contributions to Findev, and wishes them continued success in their future endeavours.

A note from Sruli Weinreb, chief executive officer

"On behalf of the entire Findev team, I want to express my deepest appreciation to Brice and David for their many years of dedicated service on our board. Since the very founding of Findev as we know it today, both Brice and David have been invaluable partners -- bringing their extensive financial expertise, sound judgment and unwavering commitment to the company's mission and growth. Their contributions have helped shape Findev into the organization it is today, and their fingerprints are on so much of what we have built together. We are truly grateful for everything they have given to this company, and I personally wish them nothing but the very best in all that lies ahead."

About Findev Inc.

Findev is a publicly traded real estate finance company focused on financing real estate developers with shorter-term loans for one to five years during the development or redevelopment process. Loans are secured by investment properties and real estate developments throughout the Greater Toronto Area. Findev's unique market advantages include its expertise in real estate development and access to its real estate development partners. As a result, Findev is uniquely suited to assist developers engaged in challenging projects.

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