oceansix future paths Provides Update on Voting Process for its Annual and
Special Meeting of Shareholders Being Held on July 18, 2024

EQS-News: oceansix future paths Ltd. / Key word(s): AGM/EGM/AGM/EGM
oceansix future paths Provides Update on Voting Process for its Annual and
Special Meeting of Shareholders Being Held on July 18, 2024

15.07.2024 / 13:02 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Distribution to U.S. Wire Services.

oceansix future paths Provides Update on Voting Process for its Annual and
Special Meeting of Shareholders Being Held on July 18, 2024

July 15, 2024, TORONTO, CANADA - oceansix future paths Ltd. ("oceansix" or
the "Company") (TSXV: OSIX) wishes to provide an update on how it will be
calculating shareholder votes for certain resolutions it is seeking approval
at its upcoming annual and special meeting of shareholders to be held on
July 18, 2024 (the "Meeting"). The Company has filed on SEDAR+ under its
corporate profile and mailed to its shareholders a Notice and Management
Information Circular dated June 20, 2024 (the "Circular").

At the Meeting, among other matters and as described in the Circular,
shareholders are being asked to consider and if deemed appropriate to
approve the conversion of debts owed by the Company to RAM.ON GmbH
("RAM.ON"), Sullam Holdings L.R. Ltd. ("Sullam") and Tedea Technological
Development and Automation Ltd. into common shares of the Company
(collectively, the "Debt Conversions"). Shareholders are also being asked to
approve the issuance of units (each unit comprised of a share and warrant)
to RAM.ON, Sullam, Renah Persofsky and Yoav Horowitz as part of the
Company's previously announced private placement for aggregate gross
proceeds of up to CDN $3 million (the "Offering").

Any participation by related parties in the Debt Conversions and the
Offering constitute "related party transactions" within the meaning of
Multilateral Instrument 61-101 - Protection of Minority Security Holders in
Special Transactions ("MI 61-101"), and the Company is currently seeking
shareholder approval for these matters at the Meeting. In addition to the
shareholder approval requirements set forth in the Circular, the Company
notes that the approval of shareholders for all resolutions relating to the
Debt Conversions and the Offering will require a simple majority that
excludes votes cast by interested parties and any other shareholders
required to be excluded in accordance with Part 8 of 61-101. Specifically,
votes cast by RAM.ON (representing 31,534,537 common shares, or 17.9% of the
Company's issued and outstanding shares as of the date of the Circular),
Sullam (representing 32,268,886 common shares, or 18.3% of the Company's
issued and outstanding shares as of the date of the Circular) and Tedea
(representing 32,176,386 common shares, or 18.3% of the Company's issued and
outstanding shares as of the date of the Circular) will be excluded from the
vote in respect of any shareholder resolutions relating to the Debt
Conversions, and votes cast by RAM.ON and Sullam will be excluded from the
vote count in respect of any of the shareholder resolutions relating to the
Offering.

The Company is also announcing that it has waived the proxy deposit deadline
in connection with the Meeting. As a result of the waiver, proxies may now
be deposited with the Company's transfer agent, TSX Trust Company, at any
time prior to the Meeting.

With respect to the Debt Conversions, the Company notes that these were
presented by management to the Company's Audit Committee, which unanimously
recommended to the Board that they be approved, which the Board then
unanimously approved. The Audit Committee members are all considered to be
"independent" within the meaning of National Instrument 52-110, and none of
them have any interest in the Debt Conversions. No special committee was
struck in respect of the Debt Conversions or the Offering. There have not
been any prior valuations of the Company or the subject matter of the Debt
Conversions or the Offering within 24 months before the date of the
Circular.

About oceansix

oceansix is a global innovator focused on sustainable solutions through
waste-to-product technology. With operations spanning multiple continents,
the Company is dedicated to advancing environmental sustainability while
delivering economic growth and shareholder value.

For further information, please contact:

Elad Hameiri, CEO | +34 673 435 571 | oceansix future paths Ltd

Investor Relations

RB Milestone Group LLC (RBMG)

oceansix @ rbmilestone.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Disclaimer

This release may contain forward-looking statements and information which
may be identified by formulations using terms such as "expects", "aims",
"anticipates", "intends", "plans", "believes", "seeks", "estimates" or
"will". Such forward-looking statements are based on our current
expectations and certain assumptions, which may be subject to a variety of
risks and uncertainties. The results actually achieved by oceansix future
paths Ltd. may substantially differ from these forward-looking statements.
oceansix Future Paths Ltd. assumes no obligation to update these
forward-looking statements or to correct them in case of developments which
differ from those anticipated.


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