Genius Group announces spinoff ratio

Genius Group announces that the distribution ratio for the spinoff of Entrepreneur Resorts Ltd is 0.1832. Shareholders can find detailed instructions on how to claim their ERL shares on our Investor Relations website. Genius Group will announce further updates in the coming weeks as to the date they can start claiming ERL shares and confirm the share distribution date, which is expected to be on or about September 29, 2023. All shareholders will receive restricted shares in ERL, which may be eligible for removal of restrictions and traded on Upstream six months after the share distribution date, if certain requirements are met.