General European Strategic Investments Inc. Successfully Extends Repayment Term of Existing Loans

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Las Vegas, Nevada – GENERAL EUROPEAN STRATEGIC INVESTMENTS INC. (OTC Pink: GESI) (the “Company or GESI”) is pleased to announce the outcome of successful renegotiations with its major loan providers.

A grand total of $7,854,153.81 in loans, which was previously classified as current and due on demand, has now been extended to mature on June 30, 2025 with an average effective interest rate of 8%.

Interest accrues quarterly and is paid in one lump sum payment when due on June 30, 2025 along with the principal.

As a result, the Company’s working capital deficit is largely eliminated.

Wolfgang Rauball, Director and CEO of GESI, said: “We are extremely pleased to have concluded these negotiations with our creditors. The direct impact on the Company’s balance sheet of the effective elimination of our working capital deficit will greatly assist us in our ongoing discussions with various funding sources and pave the way for a potential listing application for the Company’s shares.

Forward-looking statements:

This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Such statements include anything that predicts, predicts, indicates or imply future results, performance or achievement, and may contain the words “estimate”, “project”, “intend”, “expect”, “anticipate”, “plan”, “plan”, “expect”, ” believe’, ‘likely’, ‘should’, ‘could’, ‘would’, ‘may’ or similar words or phrases. These statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the actual results and financial condition of the Company to differ materially from those contained in these statements, which involve risks and uncertainties. , including those related to the Company’s ability to grow. Actual results may differ materially from those anticipated and any report should not be relied upon as an indication of future performance. Potential risks and uncertainties include the Company’s operating history and resources, and all usual and customary economic, competitive and market conditions/risks.

Contact:

Robert Seguin

vice-president

Investor Relations

General European Strategic Investments Inc.

E: Robert.Seguin@gesi-usa.com

(C) 2022 electronic news edition, source ENP Newswire

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