Xebra Brands Ltd. — Share Issue/Capital Change 2023

Feb 28, 2023

XEBRA BRANDS LTD.

February 24, 2022

VIA SEDAR

British Columbia Securities Commission Ontario Securities Commission The Canadian Depository for Securities

Dear Sirs/Mesdames:

Re: XEBRA BRANDS LTD. (the “Company”) Consolidation of Shares

Please be advised that the Company will consolidate its common shares on the basis of one (1) post-consolidated common share for every five (5) pre-consolidated common shares issued and outstanding pursuant to Policy 9 – Name Change, Stock Splits & Share Consolidations of the Canadian Securities Exchange (the “ Consolidation ”). The record date for the Consolidation is March 1, 2023.

The press release announcing the Consolidation was disseminated on February 16, 2023 and February 23, 2023.

XEBRA BRANDS LTD.

Per:

(signed) “Jay Garnett”

Jay Garnett Chief Executive Officer