Talenthouse AG: Initiation of a broader corporate restructuring

Baar (pta044/21.03.2023/23:15 UTC+1)

Talenthouse initiates a broader corporate restructuring while strengthening its "Creator Services and Licensing Offering" platforms.

The board of Talenthouse AG ("Talenthouse" or the "Company") consulted on the progress of the initiated strategic review announced on February 28th, 2023, and decided in a further board meeting on March 21st, 2023, to initiate a broader corporate restructuring while strengthening and retaining its "Creator Services and Licensing Offering" platforms.

The strategic review revealed in some Talenthouse subsidiaries substantial outstanding liabilities, including salary, tax, and social security, in amounts these subsidiaries cannot cover. This concerns the following entities:

- EyeEm Group GmbH and subsidiaries,

- Talenthouse Ltd,

- TLNT Group LLC,

- Zoopa.com Inc and subsidiaries, and

- Jovoto GmbH and subsidiaries.

The Company has decided to fund these entities no longer.

Talenthouse did align on this decision with its new investors and expects receipt of the new money from the progressing fundraising round to begin in the coming days and, therefore, to have the means to retain those parts of the Company that operate sustainably (such as the Coolabi business), to invest in its "Creator Services" propositions and to reorganise the support of its creator platform, potentially in co-operation with a dedicated partner.

Also today, Clare McKeeve and Scott Lanphere resigned as members of the board with immediate effect, after the departure from the executive management announced on 28 February 2023. At the next general meeting, the Board will – as already announced – propose changes to the board, including voting on new, experienced board members.

Roman Scharf, Talenthouse's chairman: "Today's difficult decisions were required to preserve and strengthen our key business lines while carefully allocating the committed funds from the fundraising round. In addition, I would like to thank Clare and Scott again for their great contributions to the Talenthouse group."

About Talenthouse AG

Talenthouse AG is the technology platform and services company that brings brands and a global network of creatives together to make innovative content that engages, inspires, and drives action. Talenthouse is leading a structural shift in the way that creative content is produced, employing a platform business model to source content at the scale and quality required to keep pace with consumer demand in the digital age. In doing so, it also opens up opportunities for a much larger pool of creative talent. While most industries are in recession, the global creator economy, a $2.8 trillion market, still grows at 20% annually.

TalentPlus is Talenthouse AG's financial services vertical, providing creators with financial services solutions to support their creative endeavours. The company is registered in Switzerland and operationally headquartered in London with offices in LA, NYC, Berlin, Venice, Peterborough and Philadelphia. For more information visit: www.business.talenthouse.com

Stock exchange listing: SIX Swiss Exchange (www.six-swiss-exchange.com)

Ticker symbol: THAG (CH)

Security number: 1 081 986

ISIN: CH0010819867

Contact: Talenthouse AG, Zugerstrasse 8a, CH-6340 Baar, Switzerland

Talenthouse contacts:

Investor Relations:

Email: Michael Wachsler michael@talenthouse.com

Disclaimer

This media release serves informational purposes and constitutes neither an offer to sell nor a solicitation or an advertisement to buy any shares of Talenthouse AG in any jurisdiction. This media release does not constitute a prospectus within the meaning of Article 35 et seq. of the Swiss Federal Act on Financial Services. In addition, investors should seek advice from their bank or their financial adviser.

This media release contains forward-looking statements such as projections, forecasts, and estimates. Such forward-looking statements are subject to certain risks and uncertainties which may cause actual results, performance, or events to differ materially from those anticipated in this media release. Readers should therefore not rely on these forward-looking statements. The forward-looking statements contained in this media release are based on the views and assumptions of Talenthouse AG as of this date and Talenthouse AG does not assume any obligation to update or revise this media release.

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Emitter:	Talenthouse AG Zugerstrasse 8a 6340 Baar Switzerland
Contact Person:	Michael Wachsler
Phone:	+41 43 344 38 38
E-Mail:	michael@talenthouse.com
Website:	www.business.talenthouse.com
ISIN(s):	CH0010819867 (Share)
Stock Exchange(s):	SIX Swiss Exchange