On October 11, 2019, Destiny Media Technologies Inc. delivered a letter to Steven Vestergaard in response to the letter received from Vestergaard on October 2, 2019, indicating that Vestergaard intends to nominate five candidates for election to the Company's Board of Directors at the Company's 2020 annual meeting of shareholders. The Company stated that the notice letter failed to comply with applicable requirements in multiple substantive ways. As a result, this matter will not be eligible to be brought forward at the 2020 annual meeting. In addition, the Company stated that, pursuant to Section 5 of the Bylaws, any attempt at the 2020 annual meeting to nominate the shareholder's purported nominees to the Board shall be disregarded as this matter is not eligible to be brought forward at the 2020 annual meeting.