Genius Group Schedules Aug. 26 Live Legal Update On Market Manipulation And RICO Lawsuits; CEO And Litigation Counsel To Discuss Arbitration Appeal With LZGI, $750M RICO Case Progress, And Recent Florida Fraud Ruling Against LZGI Directors

Genius Group Limited (NYSE:GNS) ("Genius Group" or the "Company"), a leading AI-powered, Bitcoin-first education group, has scheduled a Live Spaces call on X.com at 9.00am Eastern Time, August 26, 2025 to provide a legal update and host a Q&A on the Company's market manipulation lawsuit and RICO lawsuit.

The Live Spaces call will be attended by the Company's CEO, Roger James Hamilton, and the Company's litigation attorneys, James Wes Christian and Mark R Basile Esq. It will be hosted by Board Advisor, Kevin Malone.

Arbitration and Related Preliminary Injunction (PI) Appeal with LZGI

With relation to the Company's arbitration and related preliminary injunction appeal, in which the Company is pursuing a rescission of its 2024 Asset Purchase Agreement ("APA") with LZG International ("LZGI"), together with return of 7.4 million GNS shares and $6.6 million in funds related to the APA, the following developments have taken place:

• Further to the ruling on July 25, 2025 in the fraud case brought by LZGI shareholders against LZGI Directors, Michael Moe ("Moe") and Peter Ritz ("Ritz") in Florida (Case No: 2024-019773-CA-01), where Mr. Hamilton provided an affidavit in support of the LZGI shareholders and in which the Florida court granted final default judgement, stating the two Directors "engaged in fraudulent conduct with respect to the corporation, grossly abused their position, and intentionally inflicted harm on LZGI" and ordered the removal of Moe and Ritz from their executive positions in LZGI, LZGI's most current attorney in the Company's cases with LZGI, Mr. Christopher Serbagi, withdrew as LZGI's attorney in the Company's arbitration and PI case in the Southern District of New York (SDNY) (Case No: 1:24-cv-08464-MKV)
   
• Further to the withdrawal, the SDNY court requested Mr. Serbagi to provide justification for his continued representation of Moe and Ritz by August 15, 2025. On August 15, rather than provide the requested justification, Mr. Serbagi submitted a motion to withdraw as counsel for LZGI, Moe and Ritz due to an "actual or perceived conflict of interest between the individual respondents and the company LZGI". No replacement counsel has yet been named for LZGI.
   
• Despite four changes of counsel in eight months by LZGI, Moe and Ritz, and LZGI having no current representation, the Company remains committed to the expedited arbitration proceeding that it filed in December, 2024, and its attorneys are taking all possible steps to continue pursuing a beneficial and timely outcome for the Company and its shareholders.

RICO Case against Moe and Ritz

With relation to the Company's RICO case filed in Florida against Moe, Ritz, John Clayton ("Clayton") and Michael Carter ("Carter") (Case No: 1:25-cv-21496-BB) seeking triple damages of over $750 million, the following developments have taken place:

• Further to challenges in serving three of the four defendants, due to the defendants allegedly avoiding service, the Court gave the Company additional time to serve all four defendants.
   
• The Company successfully served all four defendants, with three served via substitute service of process via the Florida Department of State, with the final defendant, Ritz, served on August 13, 2025. The first of the defendants to be served, Moe, has until September 1, 2025 to respond to the Company's claims.
   
• Despite the delays due to the multiple attempts made to serve the defendants and the ultimate need to serve via substitute service, the Company's attorneys remain committed to seek every avenue available to minimise further delays in its RICO case.

Market Manipulation Case

Whilst Mark Basile Esq is leading the arbitration, SDNY, appeal and RICO cases, Mr James Wes Christian is leading the Company's lawsuit against alleged market manipulation, the filing of which is imminent. Mr. Christian will provide information on the market manipulation case on the X Spaces Call on August 26, 2025.

The Company previously announced on June 26, 2025 a Board-approved distribution plan from the proceeds of any and all future legal wins, with net proceeds divided equally between 50% distributed to shareholders and 50% to purchase Bitcoin for its Bitcoin Treasury.