Business Combination. Securityholders of Digital World and other interested persons are advised to read the preliminary proxy statement/prospectus, and amendments thereto, and the definitive
proxy statement/prospectus in connection with Digital Worlds solicitation of proxies for the special meetings to be held to approve the Business Combination because these documents will contain important information about Digital World, TMTG
and the Business Combination. Digital World securityholders and other interested persons will also be able to obtain copies of the Registration Statement and the proxy statement/prospectus, without charge, once available, on the SECs website
at www.sec.gov or by directing a request to: Digital World Acquisition Corp., 3109 Grand Ave., #450, Miami, FL 33133.
Participants in
Solicitation
Digital World and TMTG and certain of their respective directors, executive officers, other members of management and employees, under
SEC rules, may be deemed to be participants in the solicitation of proxies from the securityholders of Digital World in favor of the approval of the proposed Extension Amendment and the Business Combination. Securityholders of Digital World and
other interested persons may obtain more information regarding the names and interests of Digital Worlds directors and officers in the proposed Extension and the Business Combination in Digital Worlds filings with the SEC, including the
Extension Proxy Statement and the Registration Statement, and the names and interests of TMTGs directors and officers in the proposed Business Combination in the Registration Statement. These documents can be obtained free of charge from the
sources indicated above. TMTG and its officers and directors do not have any interests in Digital World or the proposed Extension Amendment other than with respect to their interests in the Business Combination, to the extent the Extension Amendment
is effectuated.
Non-Solicitation
This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed
Extension Amendment or Business Combination and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Digital World, nor shall there be any sale of any such securities in any state or jurisdiction in which such
offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of
Section 10 of the Securities Act of 1933, as amended.
Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed Extension
Amendment and the proposed Business Combination between Digital World and TMTG, including without limitation statements regarding the uncertainties relating to Digital Worlds stockholder approval of the Extension Amendment, the anticipated
benefits of the Business Combination, the anticipated timing of the Business Combination and the private placement of Digital World (the PIPE), the implied enterprise value, future financial condition and performance of TMTG and the
combined company after the closing and expected financial impacts of the Business Combination, the satisfaction of closing conditions to the Business Combination, the level of redemptions of Digital Worlds public stockholders and the products
and markets and expected future performance and market opportunities of TMTG. These forward-looking statements generally are identified by the words believe, project, expect, anticipate,
estimate, intend, strategy, future, opportunity, plan, may, should, will, would, will be, will continue,
will likely result and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are
based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.
Many factors could cause actual future events to
differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the Business Combination and the PIPE may not be completed in a timely manner or at all, which may adversely affect the
price of Digital Worlds securities, (ii) the risk that the Business Combination may not be completed by Digital Worlds Business Combination deadline and the potential failure to obtain Digital Worlds stockholder approval of
the Extension Amendment, (iii) the failure to satisfy the conditions to the consummation of the Business Combination or the PIPE, including the approval of an Agreement