51-102F3
MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
Tower One Wireless Corp. (the “Company”)
600 – 535 Howe Street
Vancouver, BC, V6C 2Z4
Item 2 Date of Material Change
September 11, 2019
Item 3 News Release
The news release dated September 11, 2019 was disseminated via Globe NewsWire.
Item 4 Summary of Material Change
The Company announced the financial results for the quarter ended June 30, 2019 and provides an update on its business progress.
Item 5 Full Description of Material Change
The Company announced the financial results for the quarter ended June 30, 2019 and provides an update on its business progress.
Q2-2019 progress snapshot:
| • | During the second quarter of 2019, the Company had its best quarter to date with 40 towers completed. |
| • | The Company completed the sale of 22 towers in Colombia, as previously announced on April 4, 2019. |
| • | The tower lease revenue for the month of June of 2019 totalled $64,915, a $22,577 increase or 53%, as compared to the month of March of 2019. |
| • | The Tower Lease Normalized Revenue, which includes revenue for towers that had been finished which have not yet been activated totalled $87,788, an increase of $22,873 compared to the tower lease revenue for the month of June 2019. |
The material change is fully described in Item 4 above and in the attached news release which has been filed on SEDAR.
Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
N/A
Item 7 Omitted Information
None
Item 8 Executive Officer
Santiago Rossi, Chief Financial Officer
Telephone: 1-917-546-3016
Item 9 Date of Report
September 16, 2019
