MIAMI, March 12, 2025 — Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) has released information regarding its previously declared stock dividend, including the verified date for trading that reflects the stock dividend.

SG Devco sanctioned a stock dividend on March 5, 2025, sourced from its treasury shares, amounting to 0.05 shares of common stock for each outstanding share. Consequently, stockholders will be granted one (1) additional share of common stock for every twenty (20) shares they possess. Fractional shares will be settled with a cash payment determined by the common stock’s opening price on April 8, 2025.

The stock dividend’s record date is set for April 7, 2025, and distribution to stockholders will occur after trading concludes on April 22, 2025. Trading that reflects the stock dividend will commence at the start of market trading on April 7, 2025.

This announcement is an update to the Company’s earlier statement, which incorrectly indicated that trading on a stock dividend-adjusted basis would begin on April 23, 2025.

About Safe and Green Development Corporation (SG Devco)

Safe and Green Development Corporation is a firm specializing in real estate development. Established in 2021, its main focus is on directly acquiring and indirectly investing in properties across the nation. These properties are intended for future development into environmentally friendly single or multi-family housing projects. Furthermore, Majestic World Holdings LLC, a fully owned subsidiary of SG DevCo, operates as a prop-tech company. It has developed a real estate AI Platform that the Company uses to strategically improve profit margins on home sales by offering mortgage services and down payment assistance. MyVONIA Innovations LLC, another wholly owned subsidiary, owns MyVONIA, an AI-driven personal assistant designed to simplify everyday tasks and boost productivity for both individuals and businesses.

Safe Harbor Statement

This press release may contain forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements that do not relate to historical facts are considered forward-looking statements. These statements can often be identified by terms such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions. They include statements about using Majestic World Holdings LLC’s real estate AI Platform to strategically increase the margins on homes sold by facilitating mortgage services and down payment assistance and MyVONIA simplifying daily tasks and improve productivity for individuals and businesses.

These forward-looking statements are rooted in assumptions and analyses made by us based on our experience, historical trends, current conditions, expected future developments, and other relevant factors. Important factors that could cause actual results to differ significantly from current expectations include, but are not limited to, the Company’s ability to leverage Majestic World Holdings LLC’s real estate AI Platform to strategically increase the margins on homes sold by facilitating mortgage services and down payment assistance, MyVONIA’s effectiveness in simplifying daily tasks and improving productivity, and other factors detailed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, and its subsequent filings with the SEC. Readers are advised not to rely unduly on these forward-looking statements, which are relevant only as of the date of this release. All forward-looking statements are qualified in their entirety by this cautionary statement, and the Company disclaims any obligation to update this press release to reflect events or circumstances occurring after this date.

For investor relations and media inquiries, please contact:

Barwicki Investor Relations

516-662-9461

SOURCE Safe and Green Development Corporation

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