EXP World Holdings moves into the role of chief financial officer.

Press Release:Current Chief Financial Officer Jeff Whiteside will continue to work for EXP WORLD HOLDINGS, INC.

until December 1, 2023.

Commercial Director Kent Cheng has been named chief financial officer.

BELLINGHAM, Washington, Nov. 9, 2023 (GLOBE NEWSWIRE)

COO EXP WORLD HOLDINGS, which owns eXp Realty®, Virbela and SUCCESS® Enterprises, today announced that Chief Financial Officer Jeff Whiteside is stepping down from his position and a search process for his successor has been initiated.

Whiteside will continue with the company until December 1, 2023 to support the transition.

The company and its board are working with outside search firms to find a new CFO.

In the interim, Kent Cheng, chief accounting officer of EXP WORLD HOLDINGS,''will assume the position of chief financial officer until a new CFO is appointed.

"I would like to thank Jeff for his contributions to EXP WORLD HOLDINGS," said Glenn Sanford, founder, chairman and CEO of EXP WORLD HOLDINGS and eXp Realty. "Jeff's financial expertise has helped grow the company through periods of growth and change over the past five years. On behalf of the board and the entire team, I thank him for his many contributions and wish him well in his future endeavors. I am delighted that Kent will be taking on the role of Chief Financial Officer. I have worked closely with him over the past three years and expect this transition to be smooth as we continue to meet our financial goals and begin the search for our new financial''directors. "

"It has been a privilege to work alongside such a talented finance organization, executive team and impressive group of agents who have all worked together in a changing market," said Whiteside.

"I am grateful for the opportunity to contribute to EXP WORLD HOLDINGS over the past five years. I look forward to the continued success of the company as it evolves around its innovative agent-centric model. "

Randell Miles, Board member and Chairman of the Audit Committee, said: "On behalf of the Board, I would like to thank Jeff for his contribution as Chief Financial Officer. We appreciate his expertise in building a strong finance team that will continue to lead during the transition.'''As a leading innovator in the real estate industry, EXP WORLD HOLDINGS is well positioned to continue its successful growth into the future.'

Whiteside's departure is not planned as a result of a disagreement over the company's financial statements or disclosures.

ABOUT EXP WORLD HOLDINGS, INC.

Oo EXP WORLD HOLDINGS, INC.(Nasdaq: EXPI) is a holding company that owns eXp Realty®, Virbela® and SUCCESS® Enterprises.

eXp Realty is the largest independent real estate company in the world with more than 89,000 agents in the United States, Canada, United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece, New Zealand, Chile,''Poland and Dubai, and continues to scale internationally.

As a publicly traded company, EXP WORLD HOLDINGS provides real estate professionals with a unique opportunity to receive stock as a reward for meeting production goals and contributing to the overall growth of the company.

EXP WORLD HOLDINGS and its companies offer a full suite of real estate brokerage and technology solutions, including an innovative real estate business model, professional services, collaborative tools and workforce development.

The cloud-based brokerage operates on the Virbela platform, an immersive, three-dimensional environment that fosters sociality and collaboration, allowing agents to be more connected and productive.

SUCCESS Enterprises,'''does not undertake to review or update them.

These statements are not guarantees of future performance. Important factors that could cause actual results to differ from those expressed in the forward-looking statements may include changes in business or other market conditions; difficulty in maintaining cost growth at acceptable levels while increasing revenue; and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission, including the summary of quarterly report on Form 10-Q and the annual report on Form 10-K, the most recently filed.

For more information, contact the press office at:

EXP WORLD'. 'HOLDINGS.

.

[email protected]

For investor information, contact:

Denis Garcia

[email protected]

The photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/55cfbf87-d296-4c5d-985b-b4ea23fc27a4