Dear Shareholder,

As stated in the last Corporate update:

''The process of validating NuRAN’s authorizations to operates its NaaS business model is nearing completion, and the Company understands that the regulator has given positive confirmation of this to the DFIs counsel. An update call with the DFIs is scheduled for the end of the week. The Company will update its shareholder on the outcome next week at the latest.''

Management reports that the meeting was held this morning, Friday October 27. Management and BOD members were present in the meeting as well as EIB's representatives. 

The BOD has been able to get visibility and clarity on the outstanding and the process moving forward.Again EIB confirmed that once the DRC licence concerns is resolved, the process to signing will start immediately thereafter.

EIB reported that their legal counsel in DRC has submitted the clarification letter to the regulator waiting for the official written response. This answer can be expected at anytime. 

Regards