GreenMobility initiates share buyback programme of up to DKK 6 million

Company Announcement no. 199 – 2026

Copenhagen, 29 May, 2026

GreenMobility initiates share buyback programme of up to DKK 6 million

The Board of Directors of GreenMobility A/S (“GreenMobility” or the “Company”) has today resolved to initiate a share buyback programme of up to DKK 6,000,000, commencing 29 May 2026 and expiring on 1 August 2026.The programme is based on the authorisation granted to the Board of Directors at the Annual General Meeting on 22 April 2026. At current share price levels, the programme corresponds to buy back of up to 70,000 shares, or roughly 1% of the Company’s outstanding share capital of 5,916,553 shares.

On the date of this announcement, GreenMobility holds no treasury shares.

Background

GreenMobility’s financial position has strengthened materially. The Company delivered its first full year net profit in 2025 and continued that trajectory in Q1 2026, with EBITDA of DKK 11 million and a net profit of DKK 3.2 million. For the first time, GreenMobility is generating sustained cash flow beyond what is required to fund operations and near-term investments.

The Board’s overriding priority remains investment in profitable growth. At the same time, the Board acknowledges investors’ legitimate expectation that capital which cannot be immediately deployed should not remain undeployed. This programme is a measured first step toward returning surplus capital — intentionally limited in scale and undertaken with full awareness of the macroeconomic uncertainties that counsel prudence. It does not constrain the Company’s ability to invest in growth, nor does it compromise the financial resilience central to GreenMobility’s turnaround.

Programme terms

The share buyback programme will be conducted in accordance with the Safe Harbour rules set out in Article 5 of Regulation (EU) No 596/2014 (the Market Abuse Regulation) and Commission Delegated Regulation (EU) 2016/1052 (“the Commission Delegated Regulation”).

ABG Sundal Collier has been appointed lead manager and will conduct all transactions under the programme independently of and without influence from GreenMobility.

The programme is subject to the following terms:

• Maximum aggregate purchase price: DKK 6,000,000.
• Programme period: 29 May 2026 expiring on 1 August 2026.
• Buyback of up to 70,000 shares.
• In accordance with the Safe Harbour Regulation, shares may not be purchased at a price higher than the higher of: (i) the price of the last independent trade, and (ii) the highest current independent purchase bid on the trading venue where the purchase is carried out.
• The daily volume of shares purchased shall not exceed 25% of the average daily volume of shares traded on Nasdaq Copenhagen during the 20 trading days preceding the date of purchase.
• GreenMobility will publish transactions under the programme no later than by the end of the seventh daily market session following the date of the transaction, in accordance with Article 2(3) of the Commission Delegated Regulation.

Purpose

The programme serves a dual purpose. First, shares acquired may be used to cover obligations arising under the Company’s existing warrant programmes for key employees. Second, and in line with the Company’s previously communicated capital allocation policy, shares may be cancelled by way of a capital reduction as a means of returning excess capital to shareholders. As stated in prior communications, the Board intends to return surplus capital when the Company’s solvency ratio exceeds 20%, provided that doing so does not compromise the Company’s ability to invest in profitable growth.

Flexibility

The Company reserves the right to suspend or terminate the programme at any time.

The Board reserves the right to initiate a new programme or increase the scope should financial performance and market conditions warrant it.

Contact and further information

Tue Østergaard, Chairman of the Board of Directors, +45 31 34 39 64

Mads Korning, CFO and Head of ESG, +45 42 55 05 18 e-mail: mak@greenmobility.com

This announcement does not constitute investment advice. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially.

About GreenMobility

GreenMobility offers modern urbanites easy, flexible, and sustainable transport in the form of electric shared city cars. Users have access to these cars via the GreenMobility app. Trips are paid per minute, through minute packages, on a daily basis or through a subscription. Today, GreenMobility operates a total of 1,400 EVs.

Driven by global megatrends, GreenMobility sees a rapidly growing market for carsharing in large cities that demand green transport for their citizens and aim to reduce the number of private cars. GreenMobility’s ambition is to be among the leading global operators of green shared mobility solutions. GreenMobility is publicly listed for trading on the Nasdaq Main Market Copenhagen in Denmark.