Pricing and further details on the offering of 353,261 shares in GreenMobility A/S

                                                                     

Company Announcement no. 37 – 2019

Copenhagen, November 6^th, 2019

NOT FOR RELEASE, PUBLICATION OG DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION IS UNLAWFUL.

THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER TO SELL OR SOLICITATION OF AN OFFER TO PUCHASE OR SUBSCRIBE FOR SECURITIES IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. ANY FAILURE TO COMPLY WITH THIS MAY CONSTITUTE A VIOLATION OF US, AUSTRALIAN, CANADIAN, JAPANESE OR SOUTH AFRICAN SECURITIES LAWS OR THE SECURITIES LAWS OF OTHER STATES AS THE CASE MAY BE.

Pricing and further details on the offering of 353,261 shares in GreenMobility A/S

The offering (the “Offering”) of new shares in GreenMobility A/S (“GreenMobility”) in a private placement with proceeds of DKK 32.5m has now been successfully completed through an accelerated bookbuilding process. Reference is made to company announcements no. 34, 35 and 36 2019 of 5 November 2019.

As part of the offering, GreenMobility will issue a total of 353,261 new shares at a subscription price of DKK 92.00 per share, resulting in gross proceeds for GreenMobility of DKK 32.5m.

The proceeds from the Offering shall support GreenMobility's growth strategy, including to launch new cities, either run by the GreenMobility organisation (Corporate cities) or run by franchise partners. Additionally, part of the proceeds will be utilised in further development of proprietary IT-systems, as well as consolidation of balance sheet and strengthening of core organisational functions.  Continued development in signing up new cities on a corporate or franchise basis in line with the development during 2019 may give rise to new mid-term targets in the short or medium term.

Following the completion of the Offering, the Company intends to work towards an admission for trading and official listing of the Company’s shares on the Nasdaq Copenhagen Main Market during the first half of 2020, and raise additional capital from investors in a public offering in this connection. Reference is made to company announcement no. 34 2019 of 5 November 2019 for further details.

Capital increase

The share capital will be increased with a nominal value of DKK 141,304.40. Following the capital increase, the share capital of GreenMobility will consist of 2,388,348 shares of a nominal value of DKK 0.40 representing a nominal share capital of DKK 955,339.20. The Board of Directors has accordingly exercised a nominal value of DKK 141,304.40 out of the total authorisation of a nominal value of DKK 252,631.60 in connection with the Offering, and the remaining authorisation set out in article 3.2 of the Company’s articles of association pursuant to which the Board of Directors is authorized to increase the share capital without pre-emption right for GreenMobility’s existing shareholders therefore constitutes a nominal value of DKK 111,327.20.

The new shares represent approximately 17.36% of GreenMobility’s registered share capital before the capital increase and 14.79% of GreenMobility’s share capital after the capital increase.

Timetable for the capital increase

• Expected settlement date of payment against delivery is Friday 8 November 2019
• Expected date of registration of the capital increase with the Danish Business Authority is Friday 8 November 2019
• Expected day of admission for trading of new shares under the existing ISIN code is Wednesday 13 November 2019

ISIN codes:

Existing ISIN: DK0060817898

Temporary ISIN: DK0061155942

Manager

ABG Sundal Collier Denmark, filial af ABG Sundal Collier ASA, Norge, acted as Sole Manager and Bookrunner in connection with the offering.

Contact and further information

Henrik Isaksen, CEO

Tlf: , e-mail:

Certified Advisor

NORDEN CEF ApS

John Norden

Kongevejen 365, DK-2840 Holte

About GreenMobility

GreenMobility offers European urban citizens simple, flexible and sustainable transportation in the form of shared electric city cars. Users have access to these cars via the GreenMobility app with trips paid by the minute. Today, GreenMobility operates a fleet of 400 electric cars in Copenhagen and 250 in Oslo in partnership with VY. The Company is currently in the process of launching in Aarhus, Gothenburg and Malmö and has signed letters of intent with potential franchise partners for launch in six additional cities in the UK and Belgium.

Important disclaimer

This announcement is not a prospectus and has been prepared on the basis that any offers of securities referred to herein in any Member State of the EEA will be made pursuant to an exemption under Regulation (EU) 2017/1129 on Prospectuses, Article 1(4).

The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

Any securities referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the securities laws of any state of the United States and may not be offered or sold, directly or indirectly, in or into the United States absent exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The securities referred to in this announcement are being offered and sold in a private placement only outside the United States.

No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by GreenMobility A/S or by any of its affiliates or agents (including the Sole Lead Manager) as to or in relation to, the accuracy, completeness or sufficiency of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers in connection with the Company's the new shares and/or the private placement referred to herein, and any liability therefore is expressly disclaimed.

This announcement does not constitute an investment recommendation. Each investor or prospective investor should conduct his, her or its own investigation, analysis and evaluation of the business and data described in this announcement (and publicly available information) Any investment decision to buy or subscribe for any shares in the private placement must be made solely on the basis of publicly available information, which has not been independently verified by the Sole Lead Manager. The price and value of securities and any income from them can go down as well as up and you could lose your entire investment. Past performance is not a guide to future performance. Information in this announcement cannot be relied upon as a guide to future performance.

Certain statements in this announcement may constitute forward-looking statements, which are based on GreenMobility’s expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts. Words such as “aim”, “anticipate”,

“believe”, “intend”, “estimate”, “expect”, “plan”, “project”, “forecast” and words of similar meaning are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance, achievements or industry results to differ materially from those expressed or implied by such forward-looking statements.

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