Berlin, Germany--(Newsfile Corp. - April 1, 2024) - RAM.ON GmbH (formerly RAM.ON finance GmbH) (the "Company") announces today that it has acquired an option (the "Option") to purchase from Tedea Technological Development and Automation Ltd. ("Tedea") 6,193,740 ordinary shares of oceansix future paths Ltd. ("oceansix", and its ordinary shares being the "oceansix Shares"), which may be increased by an additional amount of up to 2,531,573 oceansix Shares for an aggregate total of 8,725,313 oceansix Shares (the "Option Shares"), in exchange for assuming certain funding obligations that Tedea has to oceansix, pursuant to an option agreement entered into between the Company and Tedea (the "Option Agreement"). Pursuant to the Option Agreement, the Option Shares can be purchased from Tedea at a price of CDN $0.065 per share for a period of 24 months from the date hereof. Tedea has agreed to place the Option Shares into escrow with a third party to ensure the Option can be dully exercised in accordance with its terms.

As of the date hereof, the Company beneficially owns, or exercises control or direction over 31,534,537 Oceansix Shares, or 20.16% of the 156,387,006 issued and outstanding oceansix Shares. If the Company were to exercise the entirety of the Option (including the additional Option Shares), the Company would beneficially own, or exercise control or direction over 40,259,850 oceansix Shares, or approximately 25.74% of the issued and outstanding oceansix Shares.

For the purposes of National Instrument 62-103 --"The Early Warning System and Related Take-Over Bid and Insider Reporting Issues" ("NI 62-103"), the Company is considered a joint actor with Tedea and Sullam Holdings L.R. Ltd., (the "Joint Actors"), in that they are each considered to be acting jointly and in concert with one another in respect of their security ownership of oceansix.

As of the date hereof, the Joint Actors beneficially own, or exercise control or direction over 91,386,037 Oceansix Shares (representing approximately 58.43% of the issued and outstanding oceansix Shares on a non-diluted basis), and 226,197,300 oceansix Shares (representing 72.75% of the issued and outstanding oceansix Shares on a fully diluted basis) as a result of the Joint Actors as a group holding warrants to acquire 10,106,300 oceansix Shares as well as possible earn-out obligations from oceansix to the Company based on certain milestones. There are no changes in the aggregate securityholdings in oceansix of the Joint Actors as a result of the entering into of the Option, or any exercise thereof.

The Company may, depending on various factors including, without limitation, market and other conditions, increase or decrease its beneficial ownership, control or direction over its oceansix Shares or other securities of oceansix, through market transactions, private agreements, treasury issuances, exercises of convertible securities or otherwise.

This news release is being issued in accordance with National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. The Company will file an early warning report in connection with the above noted matters on SEDAR at under oceansix's issuer profile. To obtain a copy of the early warning report once filed, please contact Elad Hameiri, Chief Executive Officer of the Issuer, at +34 673 435 571 or elad@oceansix.com or refer to SEDAR at under the issuer profile of oceansix.

The acquisition by the Company of the Option did not (and any Option Shares which may be acquired from the exercise of the Option, will not) take place through the facilities of any stock exchange or other marketplace. Neither the 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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

For further information, please contact:

RAM.ON finance GmbH
Rüdiger Olschowy, Representative of the Shareholder
Telephone: +49 174 4930 832
Email: ruediger@oceansix.com
Address: Konstanzer Str. 55, Berlin, Germany 10707