MURANO GLOBAL INVESTMENTS PLC (the "Company"), announced today (i) an agreement with an ad hoc group of holders of Notes representing more than 81% of the aggregate principal amount of Notes outstanding (the "Ad Hoc Group"), on the key terms of the Notes restructuring (the "Restructuring") as set out in a term sheet attached hereto as Exhibit A (the "Term Sheet") and (ii) the entry into a lock-up agreement (the "Lock Up Agreement") with the Ad Hoc Group to ensure a successful implementation of the Restructuring. The Term Sheet is being disclosed today by the Company, together with additional disclosure materials, on its web page www.murano.com.mx/en (section of investor relations).

The Notes were issued on September 12, 2024 by Cibanco, S.A., Institución de Banca Múltiple, División Fiduciaria (succeeded by Banco Multiva, S.A., Institución de Banca Múltiple, Grupo Financiero Multiva, as trustee), in its capacity as Trustee (Fiduciario) under the First Amended and Restated Irrevocable Issuing, Administration and Payment Trust Agreement No. CIB/4323 (Contrato de Fideicomiso Irrevocable de Emisión, Administración y Pago No. CIB/4323).  The Notes are guaranteed by Murano PV, S.A. de C.V., as parent guarantor (the "Parent Guarantor"), and certain affiliates and trust vehicles of the Murano Group (together with the Parent Guarantor, the "Guarantors").  The Company served as sponsor of the Notes under a certain Sponsor Support and Indemnification Agreement.

The Restructuring is part of Murano Group's ongoing efforts to preserve liquidity amid continued financial and operational challenges at its Grand Island Cancun hotel, and is expected to (i) strengthen Murano's current capital structure, (ii) assist Murano in its ongoing efforts to regain financial stability, and (iii) ensure the sustainability of the Grand Island Cancun hotel operations.

The Company remains committed to meeting its obligations to key suppliers, clients and commercial partners—both current and future—while it moves to the implementation phase of the Restructuring, as part of an agreed amicable and out-of-court solution.

The Lock Up Agreement with a substantial group of the holders of Notes represents a key milestone and is the result of a constructive negotiation process between Murano and the Ad Hoc Group over the last several months.  The Company is working on meeting the various conditions to the effectiveness of the Lock-Up Agreement and aims at announcing its effectiveness shortly.

Holders of the Notes are invited to accede to the Lock-Up Agreement.  Holders of the Notes can obtain a copy of the Lock-Up Agreement (together with a form of accession notice) by contacting Mr. Leonel Martínez, via email, at the address leonelmartinez@murano.com.mx.