Eurocontrol Reports Second Quarter 2018 Results

365 Bay Street, Suite 400

Toronto, Ontario, Canada M5H 2V1

T 416 361 2808 | F 416 361 2519

eurocontrol.ca

Eurocontrol Reports Second Quarter 2018 Results

Toronto, CANADA, August 29, 2018 - Eurocontrol Technics Group Inc. (TSX Venture: EUO; OTCQB: EUCTF)

(“Eurocontrol” or the “Company”), announces that it has filed its interim financial statements and Management’s

Discussion and Analysis (“MD&A”) for the second quarter ended June 30, 2018.

The second quarter results reflect a 47% decrease in fiscal year revenue to $676,286 compared to $1,268,811 for the

interim period ended June 30, 2017 and a net loss of $3,413,857 compared to the net loss of $2,350,277 in 2017.

EBITDA for the six month period ended June 30, 2018 decreased by $811,041 to $(3,585,447) compared to

$(2,774,406) for the corresponding period in 2017.

Since June 30, 2018, the balance sheet date of the Company’s interim financial reporting period, on July 31, 2018, the

Company announced that its board of directors had made the decision to discontinue the business operations of its

three wholly-owned Israeli subsidiaries (collectively the “Israeli Subsidiaries”), Xenemetrix Ltd. (“Xenemetrix”), XwinSys

Technology Development Ltd. (“XwinSys”) and Croptimal Ltd. (“Croptimal”), and has since taken significant actions in

furtherance of implementing this change. The Israeli Subsidiaries have effectively ceased all of their respective former

operations (except, to the limite d extent necessary to complete any remaining transitional items) and are no longer

carrying on any active business. Notices have been given to all of the officers and employees of the Israeli Subsidiaries

terminating their services.

Management continues to pursue a transformative transaction to maximize the value of its assets, which consist

primarily of cash and the remaining amounts receivable of $2.6 million pursuant to the previously announced agreement

entered into between the Company and SICPA Finance and related companies (see press release of July 31, 2018) .

The Company has reviewed several potential transactions, is pursuing additional potential transactions and remains

open to proposals.

For further information on Eurocontrol, please visit the Company's website at www.eurocontrol.ca or contact Paul Wood

at (416) 361-2808 or [email protected].

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities

commission or other regulatory authority has approved or disapproved the information contained herein.