Heritage Global Capital Appoints Anastasia Suda Executive Managing Director to Lead Specialty Lending Division

Heritage Global Capital ("HGC"), a subsidiary of Heritage Global Inc. (NASDAQ:HGBL), specializing in flexible funding structures for the Accounts Receivable Management "ARM" industry, today announced the appointment of Anastasia Suda as Executive Managing Director, to lead the Company's specialty lending division.

Anastasia Suda joined HGC in 2021 as Finance Manager and has over 22 years of experience in financial market research, corporate governance, and strategic decision-making. A seasoned leader, she has a strong track record of driving operational excellence and fostering collaboration across multiple teams. Prior to joining HGC, she had a distinguished career at S&P Global Market Intelligence from 2002 to 2020 and played a key role in evaluating, extracting, and standardizing corporate financial data for S&P 500 and international companies. She also facilitated coordination of data content policies and operations between S&P Capital IQ, S&P Dow Jones Indices, and Morgan Stanley Capital International.

Ms. Suda graduated with distinction from the University of Colorado with a degree in finance. While pursuing her studies, she achieved recognition as both an NCAA All-American in the 10,000 meters and as an NCAA Academic All-American.

"Anna has the unique blend of analytical, communication, and leadership skills necessary to drive the continued development and growth of HGC," said Dave Ludwig, President of Heritage Global Inc.'s Financial Assets division. "She is the ideal leader for our specialty lending division, and we are excited to have her spearhead our future initiatives."

"Anna's extensive experience in financial analytics and her proven leadership make her an invaluable asset to Heritage Global Capital," said Ross Dove, CEO of Heritage Global Inc. "Her appointment as Executive Managing Director aligns with our commitment to innovation and excellence in providing asset-based capital solutions. We are confident that under her leadership, our specialty lending division will thrive and deliver exceptional value to our clients."

"I am honored to take on the role of Executive Managing Director at Heritage Global Capital," said Anastasia Suda. "Having been part of this dynamic team since 2021, I have seen our team's dedication to delivering flexible and creative funding solutions. I look forward to leading our specialty lending division and building upon our successes to further serve our clients' diverse financial needs."

About Heritage Global Capital

Heritage Global Capital ("HGC") operates under the Financial Assets business unit and provides flexible funding structures for all asset classes while specializing in buyers acquiring financial portfolios. A customized one-stop credit solution strategized to deliver cost-effective debt capital, HGC lends to companies across a variety of asset classes and thrives on providing creative solutions to companies with non-traditional business models.

About Heritage Global Inc.

Heritage Global Inc. (NASDAQ:HGBL) values and monetizes industrial & financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. This aids in facilitating the circular economy by diverting useful industrial assets from landfills and operating an ethical supply chain by overseeing post-sale account activity of financial assets. Specialties consist of acting as an adviser, in addition to acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, real estate, charged-off account receivable portfolios, through its two business units: Industrial Assets and Financial Assets.

Forward-Looking Statements

This communication includes forward-looking statements based on our current expectations and projections about future events. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this communication are based on knowledge of the environment in which the Company currently operates and are subject to change based on various important factors, including variability in magnitude and timing of asset liquidation transactions, the impact of changes in the U.S. national and global economies, interest rate and foreign exchange rate sensitivity, as well as other factors beyond the Company's control. Unless required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. For more details on factors that could affect these expectations, please see our filings with the Securities and Exchange Commission.

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