CARDEA EUROPE NOTES STABILITY AMIDST RECENT BOND PRICE MOVEMENT

CARDEA EUROPE NOTES STABILITY AMIDST RECENT BOND PRICE MOVEMENT

LONDON, May 15, 2023 — Cardea Europe, a participant in the wealth advisory, asset, and investment management industry, today acknowledges its continued operational stability in light of the recent changes in the Cardea Europe 7.25% of 12/23 bond issue.

Cardea Europe clarifies that the firm's performance or outlook does not bear any correlation to the bond sell-off. Cardea's operations are ongoing, with some acquisition agreements in progress, which are anticipated to further consolidate its industry position.

Cardea Corporate Holdings, the parent company, is in the process of finalising a notable funding facility intended to enhance the firm's acquisition capabilities and enable strategic hiring. This activity aligns with the firm's financial planning and its dedication to growth.

Moreover, Cardea Europe is progressing towards a significant milestone with its strategic effort to develop a NexGen wealth management platform. The intent of this platform is to provide clients with innovative methods to create and manage digital assets alongside their traditional finance portfolios. Further information on this initiative will be shared in the upcoming weeks.

Cardea Europe attributes the recent dip in bond prices to a transient lack of liquidity and low visibility of the bond issue, and not as a reflection of the firm's operational or financial status.

Jordan Waring, CEO of Cardea Corporate Holdings, stated, "We assure our investors that our bonds are secured with a 120% collateral guarantee at maturity by IGI Inex, supported by a €300m portfolio of precious gemstones. This collateral is designed to act as a safeguard for our bondholders in the unlikely event of default."

Cardea Europe continues its commitment to its stakeholders and aims to maintain its performance and growth trajectory.

About Cardea Europe

Cardea Europe, a subsidiary of Cardea Corporate Holdings, is an established wealth advisory, asset, and investment management firm. It provides a range of services to institutions, high-net-worth individuals, and families, which include socially responsible investing, institutional-grade investment opportunities, and private office services facilitating NexGen Asset Management.

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