MMA Capital Holdings, Inc. (Nasdaq: MMAC) today reported updates to the membership of the Board of Directors and the appointment of the Chief Executive Officer of the Company. With respect to the Board, the Company reported that Francis X. Gallagher, Jr. has resigned for personal reasons as a member and Chairman of the Board effective March 3, 2021. In connection with Mr. Gallagher's resignation, the Company also announced that Michael L. Falcone has been named as Chair, and that J.P. Grant III, Chairman of the Governance Committee of the board of directors, has been named as the lead independent director. In addition to the Board changes, Gary Mentesana has been named Chief Executive Officer.

Mr. Falcone stated, "Frank has been a tremendous leader since joining the Board nine years ago and accepting the mantle of Chairman in 2014. He was a thoughtful leader, providing invaluable advice and business insight, as well as a steady hand, while the Company evolved from an organization focused on investments related to low-income housing to one that established a foothold in the infrastructure investment and the solar energy finance markets. He will be missed, and we wish him well in his future endeavors.

We are also delighted to have Gary Mentesana as our ongoing Chief Executive Officer. His long tenure with the Company and deep knowledge of the business have served us well in the past and will continue to do so."

About MMAC

MMA Capital Holdings, Inc. focuses on infrastructure-related investments that generate positive environmental and social impacts and deliver attractive risk-adjusted total returns to our shareholders, with an emphasis on debt associated with infrastructure including renewable energy projects. MMA Capital is externally managed and advised by Hunt Investment Management, LLC, an affiliate of Hunt Companies, Inc. For additional information about MMA Capital Holdings, Inc. (Nasdaq: MMAC), please visit MMA Capital's website at www.mmacapitalholdings.com. For additional information about Hunt Investment Management, LLC, please see its Form ADV and brochure (Part 2A of Form ADV) available at https://www.adviserinfo.sec.gov.