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Legal & General Capital makes first U.S. investment, with seed capital for $4Bn platform to fund major life-science and technology assets across multiple regional U.S. markets

Legal & General

Legal & General Capital (LGC) today announced that it has formed a 50:50 partnership with U.S.-based real estate developer Ancora to create a real estate platform dedicated to driving life science, research and technology growth across the U.S. The deal will see Legal & General Capital investing an initial $500 million of seed capital to form a new company, Ancora L&G, LLC. Operating under the name Ancora, the business’ geographic focus will sit predominantly within emerging regional markets in the U.S. where early mover advantages are available. The new venture builds on the successful track record of Ancora’s team and the investing record of LGC in the UK, including over $5 billion currently committed to science and technology development projects at Oxford and Manchester universities. Ancora will be capitalized by LGC to deliver $4 billion (£3.2bn) of existing pipeline and planned acquisition and development activity over the next five years. To support future growth, LGC is seeking third party co-investment partners to accelerate scaling the portfolio. As with other LGC investments, LGC aims to finance longer term cashflows and use them to back Legal & General’s annuity business, providing better value for policyholders and greater options for investors. LGC has a strong track record of establishing and scaling up innovative businesses and has led the way in driving science and technology growth through its Bruntwood SciTech partnership, the UK’s leading developer of innovation districts. Bruntwood SciTech has quickly expanded over 11 UK locations, a model LGC will look to replicate across the U.S. Observed Laura Mason, CEO of Legal & General Capital, “Through our partnership with Ancora, we will be able to leverage Legal & General’s significant experience in the science and technology sector in a new international market with strong growth potential. Remaining committed to investing in the real economy to create a better society over the long term, for the first time we take this ethos to an international level beyond the UK’s town and city centers.” Legal & General Group currently manages over $1.8 trillion of assets globally and is increasing its presence in the U.S. for both equity and debt vehicles. Marking LGC’s first venture into the U.S., this partnership with Ancora forms an important part of its major growth strategy to deliver internationalization and attract third party capital. Notes Sir Nigel Wilson, Chief Executive of Legal & General Group, “While the U.S. is the world’s largest commercial real estate market, the lab real estate market in particular is one of the smallest sectors among other commercial U.S. asset classes. This lack of scale creates high barriers to entry for investors and has made it particularly challenging for tenants to grow due to scarcity of supply. LGC’s ability to access this opportunity via Ancora will set it apart from other sources of institutional capital seeking to participate in the market.” Ancora is a privately owned real estate firm based in Durham, North Carolina with team members in Baltimore, Boston, Chicago, Indianapolis, New York, and Washington, DC. The firm acquires and develops real estate to serve high-growth science, technology, and innovation tenants in partnership with and proximate to leading U.S. anchor institutions. Core to Ancora’s program-first approach is undertaking development activity in direct partnership with anchor institutions such as universities, academic medical centers, government, and research institutes with whom they have strong and long-lasting relationships. This unique approach in the U.S. market resonates with the way LGC has looked to deploy capital through leveraging strategic partnerships to invest in socially and economically useful developments around the globe. Ancora L&G, LLC will be led by Josh Parker as Chief Executive Officer, alongside John Philipchuck as Chief Investment Officer, Jeff Kingsbury as Chief Connectivity Officer and Nicole Morrill as Chief Real Estate Officer. LGIMA’s Kristina St.Charles will move across from LGIMA as General Counsel and Legal and General’s Sujee Rajah, FCA ICAEW, will move across to Ancora L&G, LLC as its new Chief Finance Officer. Having qualified with Deloitte’s Assurance department, he has held various senior roles within the Legal & General Group, most recently as Group Investor Relations director. As part of its growth ambitions, Ancora will work closely with Legal & General Investment Management (LGIM) and its global client base as LGIM continues to expand its Real Assets expertise into the US market. Josh Parker, Chairman and CEO of Ancora L&G, noted, "Ancora's ability to deliver Real Estate for What’s Next that serves the needs of our anchor institution partners will be accelerated by this new venture with Legal & General. We can meet any anchor institution requirement with an experienced team and strong capital base aligned with the timelines and aspirations of universities, academic medical centers, government, and research centers.” He added, “Our team is excited to leverage the deep capital base of Legal & General and third-party clients to offer new investment options for our university partners, and we are eager to deliver activated districts of research and innovation that will enhance local economies across the United States. " At its Capital Markets Event at the end of last year, LGC set out plans to generate up to £600 million in profit from alternative assets by 2025, growing its alternative asset portfolio to £5 billion and generating returns of around 10 to 12 percent per annum, across its key focus areas of housing, small and medium-enterprise finance, specialist commercial real estate and clean energy. It is now looking at each of these sectors as part of its U.S. expansion. Laura Mason observed, “We see a strong alignment between our business strategy and Ancora’s strategy, with a commitment to investing long term in high-growth sectors and leveraging strategic partnerships to attract third party co-investment. As we look to grow our business at scale, we have major growth plans both in the UK and internationally, and this is just the start.” Notes to editors About Legal & General Capital Legal & General Capital (LGC) is Legal & General Group’s alternative asset platform, creating assets for Legal & General Retirement and third-party clients in order to achieve improved risk-adjusted returns for our shareholders. LGC has built its market leading capabilities in a range of alternative assets, delivering depth of resource, track record and intellectual property. Investing in the real economy and creating alternative assets that deliver a tangible societal impact, its purpose is to invest society’s capital for society’s benefit. LGC’s investments have been vertically integrated and include residential property, specialist commercial real estate, clean energy, alternative credit, and venture capital. As LGC’s capability to create alternative assets continues to grow, it will not only continue to grow its balance sheet of alternative assets but also create alternative assets for third party investors. Many of these investors have the same aims, namely to create assets to back pensions with an improved yield or to create assets with strong growth prospects but with low correlation to equities. L&G has invested around £30 billion (about $37 million) in levelling-up regional UK economies, including through major regeneration projects in Cardiff, Newcastle and Salford. Legal & General recently made a commitment to enable all new homes across its portfolio to operate at net zero carbon emissions by 2030, including Legal & General Modular Homes, CALA Group, Legal & General Affordable Homes, Build to Rent and Later Living. The company has strong track record of investing in technology and life sciences with its Bruntwood SciTech venture, the UK’s leading developer of innovation districts, creating the specialist environments and innovation ecosystems for science and technology businesses to form, scale and grow. A 50:50 joint venture between Bruntwood and Legal & General, Bruntwood SciTech provides high quality office and laboratory space and tailored business support, offering unrivaled access to finance, talent and markets, an extensive clinical, academic and public partner network, and a sector-specialist community of over 500 companies. Bruntwood SciTech has unique experience in creating and developing strategic partnerships with UK regional cities, universities, and NHS Trusts to drive economic growth through investment in science and technology infrastructure. Valued at over £600m ($750.4m), Bruntwood SciTech has now expanded over 11 UK locations with a portfolio of over 2.4m sqft including: - Alderley Park in Cheshire, the UK’s latest single-site science park and home to Cancer Research UK, Catapult and Evotec - £162.9m ($203.6m) - Melbourn Science Park in Cambridge - £52.8m ($66m) - Platform in Leeds - £44.8m ($56m) - Innovation Birmingham - £29.2m ($36.5m) - Manchester Science Park - £73.9m ($92.3m) - Citylabs 1.0 & 2.0 part of the Manchester University NHS Foundation Trust (MFT) campus - £78.5m ($98.1m) - Circle Square Manchester - £205.7m ($257.1m) It has a further development pipeline of 5m sqft, which includes $260m Birmingham Health Innovation Campus, $1.8bn ID Manchester and $37m Glasgow’s Met Tower. Ancora Founded in 2019 by Josh Parker, with co-founders John Philipchuck and Jeff Kingsbury, Ancora is a privately owned real estate firm based in Durham, North Carolina with team members in Baltimore, Boston, Chicago, Indianapolis, New York, and Washington, DC. The firm acquires and develops real estate to serve high-growth science, technology, and innovation tenants in partnership with and proximate to leading U.S. anchor institutions. Core to Ancora’s program-first approach is to undertake development activity in direct partnership with anchor institutions such as universities, academic medical centers, government, and research institutes with whom they have strong and long-lasting relationships. About Legal & General Group Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with international businesses in the U.S., Europe, Middle East and Asia. With over $1.4 trillion in total assets under management, Legal & General is the UK’s largest investment manager for corporate pension schemes and a UK market leader in pension risk transfer, life insurance, workplace pensions and retirement income. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.legalandgeneralgroup.com/

May 25, 2022 08:00 AM Eastern Daylight Time

Global Affairs Canada Arranges High Level Meetings for Volatus at CANSEC 2022

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") announces high-level meetings with military attaches from LATAM and Europe during CANSEC 2022. Several visiting delegations, including Lieutenant General Carlos Chávez Cateriano, Chief of Staff for the Peruvian Air Force, have requested meetings with Volatus during Canada’s largest global defence and security event being hosted at the EY Center in Ottawa on June 1-2, 2022. "We are honoured to have Lieutenant General Cateriano visit us at CANSEC as Peru and other sovereign entities look to add high-end military ISR and ISTAR drones to their capabilities" said Glen Lynch, Volatus CEO. "The Global Affairs Canada team has done an outstanding job helping us expand our business globally." During the show, Volatus will showcase a wide range of products including its mobile command vehicles, cargo & resupply drones, packable ISR drones, versatile land and sea ISTAR (Intelligence, Surveillance, Target Acquisition and Reconnaissance) and long-range surveillance drones. In addition, the company will debut its Task Force ISR service—a fully equipped team of Veteran UAV operators deployable globally to provide ISR services in times of crisis or natural disaster. The company will be showcasing products and services at CANSEC 2022 in Booths #801, #1911 and #3036. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, and Latin America. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding (i) the business plans and expectations of the Corporation; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects the Corporation’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Volatus Aerospace Corp. Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

May 25, 2022 07:50 AM Eastern Daylight Time

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Volatus Aerospace to showcase leading Tactical ISTAR Drone at CANSEC as part of its Strategic Partnership with Aerovel

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") is pleased to announce a strategic partnership with Aerovel, manufacturer of the Flexrotor. The Russian invasion of Ukraine prompted Volatus to seek an industry-leading UAV solution with exceptional military accuracy, intelligence, surveillance, target acquisition, and reconnaissance ("ISTAR") capabilities. "We have been supplying small ISR drones to Ukrainian forces, and our team is in regular contact with Ukrainian defenders on the frontline. Aerorozvidka leadership tell us that the small drones are becoming less effective because of their low altitude and short endurance combined with Russian jamming. Lt. Col. Yaroslav Honchar shared that Russian forces have dug in and are indiscriminately bombarding Ukraine's civilian populations from concealed places, with no regard for the death and destruction inflicted on non-military targets. Ukraine needs dynamic situational awareness and accurate targeting," said Glen Lynch, Volatus CEO. "The Aerovel Flexrotor is capable of altitudes of up to 6.5 km, airspeeds of up to 170 kph and staying aloft for up to 30 hours, making it the ideal solution. We look forward to broadening our relationship with Aerovel as we work to supply Ukraine with the capabilities they need to protect civilian populations targetted by Russia.” Volatus will showcase the Flexrotor at CANSEC 2022, Canada's largest global defence and security trade show. The company has indoor (#801 and #1911) and outdoor (#3036) booths. Ali Dian, Aerovel CEO, stated: "We are hopeful that we can support Ukraine and its courageous defence fighters. Volatus and Aerovel have a shared vision of the enormous market potential for the Flexrotor as global defence ministries realize how critical it is to have these UAV-enabled ISR and ISTAR capabilities. Our relationship with Volatus also provides the capability to expand our manufacturing to Canada. We’re looking forward to standing together at CANSEC 2022.” About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, and Latin America. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding (i) the business plans and expectations of the Corporation; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects the Corporation’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Volatus Aerospace Corp. Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

May 24, 2022 07:45 AM Eastern Daylight Time

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It’s Home Renovation Season! Here’s How to Have Fun & Stay Calm Through Your Next Big Project

YourUpdateTV

We’re entering home improvement season, with May traditionally being the kick-off month when demand for home projects increases for the summer. It makes sense: better weather, more schedule flexibility with summer breaks and longer days make it easier to get work done on time. Recently, Home Care Expert at Angi, Mallory Micetich, conducted a satellite media tour to talk about how to set yourself up for a successful and low-stress home renovation or remodel. A video accompanying this announcement is available at: https://youtu.be/C-6sm6nhuUA Major renovations can be daunting, though. Budgeting, financing, finding pros, figuring out timelines, living through the mess…In a recent Angi survey, nearly 40% of people reported feeling anxious leading up to a major renovation or remodel, but fortunately, there are lots of tried and true tips for how to make a renovation make it more of a walk in the park than an emotional rollercoaster. Here is some of Mallory’s favorite advice for how to stay calm and have fun throughout the whole process, and come out of it with a home you love even more than before: Plan Ahead May is the start of home improvement season, so high-quality pros are in high demand. In a recent survey Angi did of adults who recently completed major renovations or remodels, the biggest regret was not planning far enough in advance. Planning ahead can help ensure you get the pro you want and you can finish your renovation on time. It can also ensure you have time to set the right budget and prepare for any surprises you may face throughout the process. Planning ahead can really help you remain calm and in control throughout the whole process. Hire (The Right) Pros We found the whole renovation or remodeling process to be distinct for those who chose to DIY vs. hire a pro. People who hired pros for the full project were twice as likely as DIYers to report feeling calm both before and during the renovation. DIYers expected to feel in control (35%) or excited (34%), but ultimately felt anxious (36%) as they prepared for the renovation. So, even if you’re handy, when it comes to the bigger projects like kitchen or bathroom remodels, additions or gut renovations, it may be best to leave it to the experts to protect your mental health and that of your family. It’s important to know your limits when it comes to DIY projects. They can be great ways to learn new skills, bring your family together or flex your creative muscles, but they can also be risky, dangerous and sources of anxiety. At Angi, we encourage people to think about the three T’s when deciding whether to DIY or hire a pro: time, tools and talent. If you’re lacking in any of these areas, the DIY route can end up being much more expensive, stressful or dangerous than you’d like. In those cases - especially for the bigger renovations or remodels - it’s best to look for a local expert to get the job done right the first time. Buffer Your Budget In our recent survey, budgeting and financing caused the most anxiety in major renovations. It’s important to set a clear budget with your contractor and make sure you understand any additional fees you might face, like permits, materials and labor. Contractors are great at what they do, but unfortunately they can’t see through walls or under floors, so they’re not always able to anticipate every electrical, plumbing or pest issue that may pop up once they start working. A good rule of thumb is to include a 10% buffer in your budget to ensure you have the ability to cover any surprises that may pop up along the way. Give Yourself Space It’s one thing to live in your own clutter (no judgment), but it turns out renovations make bad roommates. Over one-third of people who lived in their home through the full renovation process reported fights between family members, while that number drops to 19% for those who only lived in the home through part of the process. People who took a break from the process also reported lower levels of anxiety attacks, emotional breakdowns, and tense moments with contractors. So, if you have the means and ability to spend some time away from the renovation and give yourself and your family a break from the chaos, it can make the process much more manageable. Set Boundaries Before the renovations actually begin, create a code of conduct with your contractor to start things off on the right foot. Regular, open communication with your contractor is key to forming a positive working relationship and having a calm, fun and successful renovation. Some boundaries to discuss may include: - Hours when work is allowed to be done - What bathroom(s) workers can use - Areas that are off limits - Worksite organization and clean-up protocols - How and when the contractor and workers can contact you with questions or issues Check out the Angi app or visit our website at Angi.com for access to high quality local pros, cost estimates and more tips on how to have the best home reno experience possible. About Mallory Micetich Mallory Micetich is a Home Care Expert, with particular expertise in small home living and consumer protection. While currently renting in Denver, CO, she has been a homeowner, investor, landlord and renter over the last decade. She is committed to minimizing her environmental footprint and to small home living, having lived in only properties of 1,000 square feet or less. Mallory is currently the VP of Corporate Communications at Angi, where she focuses on bringing awareness to Angi and what we do every day to help homeowners love where they live. Survey Methodology This data used in this segment is based on a survey commissioned by Angi Inc. and conducted using the online survey platform Pollfish. The consumer sample of 1,000 U.S. adult homeowners all went through a major renovation or remodel within the last five years. The sample was surveyed between April 20, 2022 and April 21, 2022. The margin of error is 3.1% and no additional weighting was applied to the sample. Pollfish’s survey delivery platform delivers online surveys globally through mobile apps and the mobile web along with the desktop web. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

May 23, 2022 04:00 PM Eastern Daylight Time

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WASHINGTON COUNTY, UT REMOVED MORE THAN 115,000 SQUARE FEET OF GRASS FOR STATEWIDE LANDSCAPE CONVERSION EVENT

Washington County Water Conservancy District

Washington County, Utah removed more than 115,000 square feet of grass yesterday during Flip Blitz, a statewide landscape conversion event that replaced grass with water-efficient landscaping. More than 250 volunteers converted grass to water-wise landscaping at city offices, parks, cemeteries, and homes throughout the county. The conversion will save more than 4 million gallons of water every year – equivalent to the annual water use of approximately 20 homes. “We’re just getting started with our grass removal efforts,” said Zach Renstrom, general manager of the Washington County Water Conservancy District (district). “Because we live in a drought-prone desert, we must work together to stretch every drop of our limited water supply. We’re asking people to replace non-functional grass with desert-friendly landscapes. There are beautiful alternatives that use much less water.” Removing non-functional grass is gaining speed in southern Utah. The cities of St. George, Washington, Santa Clara and Ivins have recently removed 109,000 square feet of grass and have plans to remove another 367,000 square feet in the next year. Once completed, the cities will have removed nearly 600,000 square feet of non-functional grass. In addition, Washington County and the cities of Santa Clara and Washington have passed ordinances that prohibit or limit the amount of grass allowed in new developments. Similar ordinances are currently being considered by the county’s other major population centers. Statewide, Flip Blitz removed more than 135,000 square feet of grass from Utah landscapes – 85% of that coming from Washington County. “ Washington County is a leader in water conservation,” said Candice Hasenyager, director, Utah Division of Water Resources. “The county’s efforts have extended a finite water resource to create one of the fastest growing communities in America.” Flip Blitz projects in Washington County included: 48,000 square feet from Gubler Park in Santa Clara 43,000 square feet from Sunbrook HOA in St. George 12,000 square feet from Nisson Park in Washington City 7,000 square feet from Washington City Cemetery in Washington City 4,225 square feet from Unity Park in Ivins 1,000 square feet from city offices in Toquerville 442 square feet from residential properties in St George Projects were funded by participating cities and the district. About Washington County Water Conservancy District The Washington County Water Conservancy District is a not-for-profit public agency that oversees water resources in Washington County, Utah Visit wcwcd.org for more information. Contact Details Washington County Water Conservancy District Karry Rathje +1 435-673-3617 KarryR@LPPUtah.org Company Website https://www.wcwcd.org/

May 20, 2022 11:55 AM Eastern Daylight Time

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Generation Income Properties Announces First Quarter 2022 Financial and Operating Results

Generation Income Properties

Generation Income Properties, Inc. (NASDAQ:GIPR) ("GIPR" or the "Company") today announced its financial and operating results for the period ended March 31, 2022. Highlights (For the 3 months ended March 31, 2022) Generated net loss attributable to GIPR of $580 thousand, or ($0.26) per basic and diluted share. Generated Core FFO of $113 thousand, or $0.05 per basic and diluted share. Generated Core AFFO of $88 thousand, or $0.04 per basic and diluted share. Invested $12.6 million in three properties with an expected weighted average yield of 7.2%. Commenting on the quarter, CEO David Sobelman stated, “With market dynamics top of mind, we remain committed to strengthening our balance sheet, demonstrated through our recent long term fixed-rate debt refinance, as well as prudent capital allocation. We are hyper-focused on identifying the most accretive opportunities with investment-grade tenants consistent with our current portfolio of tenants that we believe continues to prove its resiliency during economic headwinds.” Core FFO and Core AFFO are supplemental non-GAAP financial measures used in the real estate industry to measure and compare the operating performance of real estate companies. A complete reconciliation containing adjustments from GAAP net income to Core FFO and Core AFFO are included at the end of this release. Portfolio (as of March 31, 2022, unless otherwise stated) Approximately 85% of our portfolio’s annualized base rent as of March 31, 2022, was derived from tenants that have (or whose parent company has) an investment-grade credit rating from a recognized credit rating agency of “BBB-” or better. Our largest tenants are the General Service Administration, Kohl’s, and PRA Group, all who have, or the parent entity has, a ‘BB+’ credit rating or better from S&P Global Ratings and contributed approximately 52% of our portfolio’s annualized base rent The Company’s portfolio is 100% leased and occupied and rent paying and has been since our inception. Approximately 92% of our portfolio’s annualized base rent in our current portfolio provide for increases in contractual base rent during future years of the current term or during the lease extension periods. The average annualized base rent (ABR) per square foot at the end of the quarter was $15.45. Liquidity and Capital Resources $4.6 million in total cash and cash equivalents as of March 31, 2022. Total debt, net was $35.0 million as of March 31, 2022. Financial Results Total revenue from operations was $1.2 million during the three-month period ended March 31, 2022, as compared to $937 thousand for the three-month period ended March 31, 2021. This represents a year-over-year increase of 26% driven primarily by the acquisition of properties. Operating expenses, including G&A, for the same periods were $1.6 million and $1.3 million, respectively. These changes in operating expenses were driven primarily by an increase in legal expenses, audit fees and insurance, partially offset by a decrease in other professional fees. Net operating income (“NOI”) for the same periods was $929 thousand and $756 thousand, a 23% increase from the same period last year, which is a direct result of the acquisition of properties. During the three-month periods ended March 31, 2022 and 2021, we incurred interest expense and the amortization of debt issuance costs of $330 thousand and $355 thousand, respectively. Net loss attributable to GIPR for the three months ended March 31, 2022 and 2021 was $446 thousand as compared to a loss of $322 thousand million. Dividends On March 15, 2022, the Company’s Board of Directors declared a monthly distribution of $0.054 per common share and operating partnership unit to be paid monthly to holders of record as of April 15, May 15, and June 15, 2022. 2022 Guidance The Company is not providing guidance on FFO, Core FFO, AFFO, Core AFFO, G&A, NOI, or acquisitions and dispositions at this time. However, the Company will provide timely updates on material events, which will be broadly disseminated in due course. The Company’s executives, along with its Board of Directors, continue to assess the advisability and timing of providing such guidance to better align GIPR with its industry peers. Conference Call and Webcast The company will host its first quarter earnings conference call and audio webcast on Friday, May 13, 2022, at 9:00 a.m. Eastern Time. To access the live webcast, which will be available in listen-only mode, please follow this link. If you prefer to listen via phone, U.S. participants may dial: 877-407-3141 (toll free) or 201-689-7803 (local). A replay of the conference call will be available approximately three hours after the conclusion of the live broadcast and for 30 days after. U.S. participants may access the replay at 877-660-6853 (toll free) or 201-612-7415 (local), using access code 13725104. About Generation Income Properties Generation Income Properties, Inc., located in Tampa, Florida, is an internally managed real estate corporation formed to acquire and own, directly and jointly, real estate investments focused on retail, office and industrial net lease properties in densely populated submarkets. The Company intends to elect to be taxed as a real estate investment trust. Additional information about Generation Income Properties, Inc. can be found at the Company's corporate website: www.gipreit.com. Forward-Looking Statements This press release, whether or not expressly stated, may contain "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. The words "believe," "intend," "expect," "plan," "should," "will," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These statements reflect the Company's expectations regarding future events and economic performance and are forward-looking in nature and, accordingly, are subject to risks and uncertainties. Such forward-looking statements include risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements which are, in some cases, beyond the Company’s control which could have a material adverse effect on the Company's business, financial condition, and results of operations. These risks and uncertainties include the risk that we may not be able to timely identify and close on acquisition opportunities, our limited operating history, potential changes in the economy in general and the real estate market in particular, the COVID-19 pandemic, and other risks and uncertainties that are identified from time to in our SEC filings, including those identified in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021 filed on March 18, 2022, which are available at www.sec.gov. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company's business, financial condition, and results of operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statement made by us herein speaks only as of the date on which it is made. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof, except as may be required by law. Notice Regarding Non-GAAP Financial Measures In addition to our reported results and net earnings per diluted share, which are financial measures presented in accordance with GAAP, this press release contains and may refer to certain non-GAAP financial measures, including Funds from Operations ("FFO"), Core Funds From Operations ("Core FFO"), Adjusted Funds from Operations (“AFFO”), Core Adjusted Funds from Operations ("Core AFFO"), or Net Operating Income (“NOI”). We believe the use of Core FFO and Core AFFO are useful to investors because they are widely accepted industry measures used by analysts and investors to compare the operating performance of REITs. FFO and related measures including NOI should not be considered alternatives to net income as a performance measure or to cash flows from operations, as reported on our statement of cash flows, or as a liquidity measure, and should be considered in addition to, and not in lieu of, GAAP financial measures. You should not consider our Core FFO or Core AFFO as an alternative to net income or cash flows from operating activities determined in accordance with GAAP. Our conciliation of non-GAAP measures to the most directly comparable GAAP financial measure and statements of why management believes these measures are useful to investors are included below. Generation Income Properties, Inc. Consolidated Balance Sheets Generation Income Properties, Inc. Consolidated Statements of Operations (unaudited) Reconciliation of Non-GAAP Measures The following tables reconcile net income (loss), which we believe is the most comparable GAAP measure, to Net Operating Income (“NOI”): Reconciliation of Non-GAAP Measures The following tables reconcile net income (net loss), which we believe is the most comparable GAAP measure, to FFO, Core FFO, AFFO, and Core AFFO: Our reported results are presented in accordance with GAAP. We also disclose funds from operations (FFO), adjusted funds from operations (AFFO), core funds from operations (Core FFO) and core adjusted funds of operations (Core AFFO) all of which are non-GAAP financial measures. We believe these non-GAAP financial measures are useful to investors because they are widely accepted industry measures used by analysts and investors to compare the operating performance of REITs. FFO and related measures do not represent cash generated from operating activities and are not necessarily indicative of cash available to fund cash requirements; accordingly, they should not be considered alternatives to net income as a performance measure or cash flows from operations as reported on our statement of cash flows as a liquidity measure and should be considered in addition to, and not in lieu of, GAAP financial measures. We compute FFO in accordance with the definition adopted by the Board of Governors of the National Association of Real Estate Investment Trusts or NAREIT. NAREIT defines FFO as GAAP net income or loss adjusted to exclude extraordinary items (as defined by GAAP), net gain or loss from sales of depreciable real estate assets, impairment write-downs associated with depreciable real estate assets, and real estate related depreciation and amortization, including the pro rata share of such adjustments of unconsolidated subsidiaries. We then adjust FFO for non-cash revenues and expenses such as amortization of deferred financing costs, above and below market lease intangible amortization, straight line rent, non-cash stock compensation, public company consulting fees, and non-recurring litigation expenses and settlements to calculate Core AFFO. FFO is used by management, investors, and analysts to facilitate meaningful comparisons of operating performance between periods and among our peers primarily because it excludes the effect of real estate depreciation and amortization and net gains on sales, which are based on historical costs and implicitly assume that the value of real estate diminishes predictably over time, rather than fluctuating based on existing market conditions. We believe that AFFO is an additional useful supplemental measure for investors to consider because it will help them to better assess our operating performance without the distortions created by other non-cash revenues or expenses. FFO and AFFO may not be comparable to similarly titled measures employed by other companies. We believe that Core FFO and Core AFFO are useful measures for management and investors because they further remove the effect of non-cash expenses and certain other expenses that are not directly related to real estate operations. We use each as measures of our performance when we formulate corporate goals. Because FFO excludes depreciation and amortization, gains and losses from property dispositions that are available for distribution to stockholders and extraordinary items, it provides a performance measure that, when compared year over year, reflects the impact to operations from trends in occupancy rates, rental rates, operating costs, development activities, general and administrative expenses and interest costs, providing a perspective not immediately apparent from net income. In addition, our management team believes that FFO provides useful information to the investment community about our financial performance when compared to other REITs since FFO is generally recognized as the industry standard for reporting the operations of REITs. However, FFO should not be viewed as an alternative measure of our operating performance since it does not reflect either depreciation and amortization costs or the level of capital expenditures and leasing costs necessary to maintain the operating performance of our properties which could be significant economic costs and could materially impact our results from operations. Additionally, FFO does it reflect distributions paid to redeemable non-controlling interests. Contact Details Generation Income Properties Investor Relations +1 813-448-1234 ir@gipreit.com Company Website https://www.gipreit.com

May 12, 2022 04:40 PM Eastern Daylight Time

Voxel Raises $15M to Decrease Workplace Injuries and Prevent Workplace Accidents

Voxel

Voxel, a startup using computer vision to transform safety and operations in the workplace, is announcing its $15M Series A funding round led by Eclipse Ventures with participation from MTech and World Innovation Labs. Since raising its seed round in September, Voxel has grown at an unprecedented pace by decreasing on-site injuries by upwards of 80% and increasing operational productivity by over 20% at its initial customer sites. This latest round of funding brings total equity raised to $18M. Using state-of-the-art computer vision technology and AI, Voxel integrates with existing security cameras to identify hazards, risky behaviors, and operational inefficiencies across a diverse range of workplaces. Once an event such as a spill, speeding vehicle, or ergonomics issue is identified, a real-time alert is sent to on-site personnel who can take immediate action. Voxel’s analytics help sites identify operational inefficiencies and design policies to prevent future issues. These proactive measures allow businesses to significantly reduce worker’s compensation and general liability costs, while improving their operations. “Site safety and operations are often a reactive and manual process, where security cameras are reviewed after issues occur,” said Alex Senemar, CEO of Voxel. “Voxel is the first solution to allow companies to proactively identify key behaviors that lead to costly injuries using their existing camera infrastructure.” In the last three months, Voxel has had a transformative impact on its customers’ operations as installations have grown by 10x.“It has been inspiring to see the impact of our product in the real world,” said Senemar. CTO, Anurag Kanugo added, “Many of our customers are seeing upwards of an 80% reduction in onsite injuries, and the impact on their operations has been significant.” These early successes have attracted the attention of major insurance players who recognize Voxel’s potential to transform risk management and workplace safety. Voxel aims to fundamentally change how insurance companies underwrite risk and seeks to strengthen the relationship between insurers and their customers through robust data and actionable intelligence. The company emphasizes its commitment to privacy and security, and its algorithms do not track any personally identifiable information. “We are at an inflection point in terms of rebuilding US manufacturing, logistics, and physical operations, which represent over 40% of the US GDP. Voxel’s technology catalyzes tangible results and lasting change in the safety and efficiency of their customer’s operations,” said Aidan Madigan-Curtis, Partner at Eclipse Ventures and Voxel board member. “The Eclipse team believes Voxel’s core architecture, which takes a non-intrusive approach by leveraging existing camera infrastructure, and their cutting-edge AI applications will enable Voxel to become a category-leader in software and AI applications across a multi-trillion dollar set of physical-industry sectors." Voxel’s team has grown rapidly, adding key personnel to its staff from established industry firms, including Samsara, Verkada, Google, and Apple. The team has grown from 8 at the beginning of 2022 to close to 30, and the Series A investment will allow Voxel to accelerate its growth even further. Voxel’s team is led by CEO Alex Senemar, who previously co-founded Sherbit, an AI-powered remote health monitoring system for hospitals (acquired in 2018) as well as co-founders, CTO Anurag Kanungo, who co-founded Sherbit with Senemar, and led the Machine Learning Systems Team at Uber’s Self Driving Unit; Harishma Dayanidhi, who developed self-driving car technology at Uber and Aurora; and Troy Carlson, former software engineer at Google. About Voxel Voxel uses artificial intelligence to enable security cameras to automatically identify potential workplace hazards, high-risk activities, and operational inefficiencies, allowing on-site personnel to address concerns in real-time. The platform keeps workers safe, while helping companies significantly reduce overhead costs from general liability, worker's compensation, and property claims. Voxel software is transforming operations in warehousing, manufacturing, retail, transportation, construction, and oil & gas. A demo is available upon request. For more information, visit Voxelai.com About Eclipse Ventures With over $2 billion in assets under management, 70 portfolio companies, and a team of investors with deep expertise in technology, manufacturing, supply chain, logistics, healthcare, and consumer products, Eclipse is one of the US’ leading venture capital organizations. Its leadership team has the experience necessary to create and scale complex operations – with partners coming from industry giants, such as Flextronics, Tesla, Apple, Samsara, Intel, and GE. Eclipse partners with entrepreneurs boldly transforming the essential industries that define and propel economies. For more information, visit www.eclipse.vc. Contact Details Voxel Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.voxelai.com/

May 11, 2022 09:30 AM Pacific Daylight Time

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PCMA Announces Continued Nationwide Expansion with the Addition of Tennessee to our Lending Footprint

PCMA

PCMA, the pioneer and leading voice in Non-Bank Private Client Lending, announces the expansion of our Private Client services to the state of Tennessee - Company NMLS ID: 237710. The expansion of Private Client Lending into Tennessee highlights the extraordinary growth of PCMA and the continued growth in the Tennessee luxury housing markets. Nashville, TN is one of the hottest real estate markets in the country, fueling the overall growth in the state of Tennessee. Almost halfway through 2022, Nashville has the record for the most expensive home sale in state, with a eye popping sale price of $50MM dollars. Nashville, TN is one of the most sought-after residential markets for high-net-worth estates and buyers. According to the U.S. Census Bureau, the population of Nashville, Tennessee grew by 10.8% from 2010 to 2019. Other cities in the metro area experienced even greater population growth during that same period. “Tennessee has become a very viable and attractive relocation destination thanks to a mix of beautiful cities, amazing outdoor activities and a family focused economy,” said John R. Lynch, CEO and Founder of PCMA. “Affluent Buyers are drawn to Nashville and other major metro areas due to the quality of construction, and quality of life Tennessee offers families, without sacrificing their personal or professional lifestyles.” PCMA’s expansion into the Tennessee market comes on the heels of both internal and external growth of the company and new subsidiaries. PCMA continues to experience an unprecedented growth of high-net-worth originations at a record pace throughout the first half of 2022 even in the face of rising interest rates. Continued growth has come with the addition of PCMA Capital Advisors and the expansion of direct and indirect origination channels. “The Private Client community invests in prized real estate assets as a predictable hedge against monetary debasement and CPI,” said Lynch. “Even in the face of rapidly rising interest rates and unprecedented inflation, luxury real estate is still the perfect economic safe haven.” About PMCA PCMA is a vertically integrated Asset Origination and Convexity Management firm that specializes in Structured, Super Prime, Non-Agency, Private Client Credit. With its captive origination unit, PCMA has become the leading Non-Bank Private Client Lender in the U.S. What began as a linear venture has morphed into a vertical organization and industry leading incubator of ideas pushing the boundaries of innovation in high-capacity financial services. PCMA offers qualified individuals and institutions bespoke lending and advisory services across all major credit, and residential asset classes. PCMA is headquartered in Orange County, CA. Additional information is available at www.pcma.mortgage & www.pcma.us.com Forward-Looking Statements This release may contain “forward-looking statements,” which reflect the Company’s current views with respect to, among other things, its operations and financial performance. You can identify these statements by the use of words such as “outlook,” “anticipation”, “potential,” “continue,” “may,” “seek,” “approximately,” “predict,” “believe,” “expect,” “plan,” “intend,” “estimate”, “preparing” and similar expressions or the negative versions of these words or comparable words, as well as future or conditional verbs such as “will,” “should,” “would” and “could.” These forward-looking statements are based on current available operating, financial, economic and other information, and are not guarantees of future performance and are subject to risks, uncertainties and assumptions which are difficult to predict. Therefore, current plans, anticipated actions, financial results, as well as the anticipated development of the industry, may differ materially from what is expressed or forecasted in any forward-looking statement. The Company does not undertake any obligation to publicly update or revise any forward-looking statement to reflect future events or circumstances, except as required by applicable law. Contact Details PCMA Private Client Jason Jepson +1 949-394-7033 jason.jepson@pcma.us.com Company Website https://pcma.mortgage/

May 11, 2022 08:00 AM Eastern Daylight Time

Generation Income Properties Announces Increased Commitment from American Momentum Bank to $50 Million

Generation Income Properties

Generation Income Properties, Inc. (NASDAQ: GIPR) (“GIP” or the “Company”) announced the signing of a commitment letter to increase its credit commitment from American Momentum Bank to $50 million. The commitment will be utilized by Generation Income Properties, L.P., the operating partnership of GIP, to fund the acquisition of individual income-producing real estate properties. The increased commitment will become effective contingent on the Company completing a future capital raise of $25.0 million or more, and prior to any such capital raise, the existing $25.0 million credit commitment from American Momentum Bank will remain in place. “Generation Income Properties has continually performed as promised and we're excited to increase our commitment to this growing company to $50 million. The expansion of our commitment proves that we have continued faith in GIPR's management and the company's ability to source credit-worthy, stable properties,” said Porter Smith, Tampa Bay Market President of American Momentum Bank. David Sobelman, President and CEO of GIPR noted, "Our recent refinance of seven properties brought our balance to zero with American Momentum Bank, and that performance allowed us to begin preparing for additional expansion of our portfolio. Our relationship with American Momentum Bank has been paramount to our successes, and we're very happy that they saw that increasing their commitment to GIPR will be beneficial for all of GIPR's stakeholders." About Generation Income Properties Generation Income Properties, Inc., located in Tampa, Florida, is an internally managed real estate corporation formed to acquire and own, directly and jointly, real estate investments focused on retail, office and industrial net lease properties located primarily in densely populated submarkets throughout the United States. The Company intends to elect to be taxed as a real estate investment trust. Additional information about Generation Income Properties, Inc. can be found at the Company’s corporate website: www.gipreit.com. About American Momentum Bank American Momentum Bank, a Texas-chartered banking association with total assets of $2.8 billion as of March 31, 2022, provides comprehensive products and services for businesses and individuals. American Momentum Bank has 18 full-service banking centers in Texas and nine full-service banking centers in Florida. American Momentum Bank’s strong capitalization, superior asset quality and experienced management teams position it as one of the premier banks in each state. Visit www.americanmomentum.bank to learn more. Forward-Looking Statements This press release, whether or not expressly stated, may contain "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. The words “believe,” “intend,” “expect,” “plan,” “should,” “will,” “would,” and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These statements reflect the Company's expectations regarding future events and economic performance and are forward-looking in nature and, accordingly, are subject to risks and uncertainties. Such forward-looking statements include risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements which are, in some cases, beyond the Company's control and which could have a material adverse effect on the Company's business, financial condition, and results of operations. These risks and uncertainties include the risk that we may not complete a future financing transaction that causes the above-described increase in the credit facility commitment, our limited operating history, potential changes in the economy in general and the real estate market in particular, the COVID-19 pandemic, and other risks and uncertainties that are identified from time to in our SEC filings, including those identified in our 2021 Annual Report on Form 10-K filed on March 18, 2022, which are available at www.sec.gov. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company's business, financial condition, and results of operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statement made by us herein speaks only as of the date on which it is made. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof, except as may be required by law. Contact Details Generation Income Properties Investor Relations +1 813-448-1234 ir@gipreit.com Company Website https://www.gipreit.com

May 10, 2022 08:15 AM Eastern Daylight Time