Provides official recognition and certification that modular units meet, or surpass, state's standards or regulations

Highlights the unparalleled quality of the Company's modular units

In addition to Louisiana, the Company currently has licensure in Florida, Texas, Colorado, Arizona, and New Mexico; expects licensure in California, Georgia, Oregon, and Nevada, over the next several quarters

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 that its manufacturing subsidiary, SG Echo has received its Louisiana licensure to tag its modular built products in the state of Louisiana.

Paul Galvin, Chairman and CEO, stated, "In response to demand for our modular units in Louisiana, we are pleased to have attained our Louisiana licensure. This notable accomplishment which is not easy to achieve, underscores our commitment to excellence and authorizes us to attach identifying tags to our state-of-the-art modular-built units within Louisiana's borders. These tags serve as a testament, an official seal of approval, signifying that our units meet the rigorous standards and regulations set by the state.”

“Achieving licensure within a state is valuable to the Company as it allows Safe & Green Holdings to operate anywhere within that state. The Company currently has licensure in Florida, Texas, Colorado, Arizona, New Mexico, and now Louisiana. Furthermore, the Company is currently in the process of adding additional states for licensure including California, Georgia, Oregon, and Nevada, all of which we expect to receive licensure over the course of the next several quarters. Although not every state requires licensure for modular structures, we are already planning to pursue licensure in additional states as we seek to strengthen and broaden our business footprint throughout all fifty of the United States.”

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. For more information, visit https://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 expecting licensure in California, Georgia, Oregon, and Nevada, over the next several quarters and planning to pursue licensure in additional states as the Company seeks to strengthen and broaden its business footprint throughout all fifty of the United States. 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 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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