Aaron Grey

Pablo Zuanic

Christopher Muller

Crispin Love

Mark Smith

Mohammed Hossain

- Officers and Directors of Chicago Atlantic Real Estate Finance, Inc. (REFI) purchased approximately **54,000 shares** of common stock for an approximate value of **$673,000** in the last three weeks.  **[1867949_e46a86f2275e43b180ff41a9ff3c06a9_0]** 
- Following these purchases, Officers and Directors now beneficially own approximately **1,770,000 shares**, representing about **8.2% of fully diluted common shares outstanding**.  **[1867949_e46a86f2275e43b180ff41a9ff3c06a9_0]** 
- Co-Chief Executive Officer Peter Sack stated that these purchases demonstrate confidence in the Company's opportunities and commitment to generating strong risk-adjusted returns, especially when the market's valuation is disconnected from the portfolio's value.  **[1867949_e46a86f2275e43b180ff41a9ff3c06a9_0]**

Chicago Atlantic Real Estate Finance (REFI)