Safe & Green Holdings Corp. Announces Launch of CORNERSTONE Charitable Foundation

Non-profit to provide modular solutions for affordable housing, point of care medicine, potable water and education

Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine, today announced the formation of CORNERSTONE Charitable Foundation, a 501(c)(3) organization focused on providing global services for affordable housing, primary care/point of care medicine, the provision of clean potable water and education by leveraging modular solutions.

CORNERSTONE will also focus on providing solutions for responding to natural disasters and their aftermath through the provision of emergency, transitional and permanent housing for the impacted and displaced. Disaster services will include housing, emergency food banks, medical care facilities, mobile water purification units and other pressing post event needs.

“CORNERSTONE is a natural extension of our work and mission at Safe & Green Holdings. This non-profit will leverage the cost effective modular solutions manufactured by Safe & Green Holdings, while focusing on responding to critical needs in the supply of emergency goods and services to the poor. Modular solutions arrive in half the time and can be relocated for re-use,” noted Paul Galvin, CEO of Safe & Green Holdings, and newly appointed Chairman of CORNERSTONE Charitable Foundation. “This is a perfect example of the corporate sectors and non-profit worlds coming together to supply cost effective solutions for those in need.”

About Safe & Green Holdings Corp.

Safe & Green Holdings Corp., a leading modular solutions company, operates under core capabilities which include the development, design, and fabrication of modular structures, meeting the demand for safe and green solutions across various industries. The firm supports third party and in-house developers, architects, builders, and owners in achieving faster execution, greener construction, and buildings of higher value. The Company’s subsidiary, Safe and Green Development Corporation, is a leading real estate development company. Formed in 2021, it focuses on the development of sites using purpose built, prefabricated modules built from both wood and steel, sourced from one of Safe & Green Holdings’ factories and operated by the SG Echo subsidiary. For more information, visit www.safeandgreenholdings.com and follow us at @SGHcorp on Twitter.

Safe Harbor Statement

Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions and include statements regarding CORNERSTONE’s focus and CORNERSTONE leveraging the cost effective modular solutions manufactured by Safe and Green Holdings. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include but are not limited to the factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

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