Board members of Inzile buy shares in the company

The newly elected board members Måns Sjöstedt and Håkan Örtenholm have bought 100,000 and 25,000 shares, respectively, in Inzile AB (publ) ("Inzile"). In addition, the main owner and Chairman of the Board, Ragnar Åhgren, has acquired 100,000 shares in Inzile. Newly appointed Acting CEO Klas Åhgren has bought 50,000 shares in Inzile.

 - I’m very pleased to be part of Inzile's new board and I firmly believe in the company's new direction and strategy. That is why I would like to own a significant block of shares in Inzile, says Måns Sjöstedt, Board Member of Inzile.

For further information, please contact:

Ragnar Åhgren, Chariman of the Board Inzile, ragnar.ahgren@inzile.com, +46 73 356 89 89

Peter Wergens, CFO Inzile, peter.wergens@inzile.com, +46 73 325 75 04

About Inzile

Inzile is a Swedish tech company manufacturing intelligent electrically powered vehicles as well as creating modern transport and service solutions for a sustainable community. The company’s vision is to liberate the world from emission of fossil fuels and to accelerate the climate efforts by contributing to sustainable cities that improve quality of life.

Inzile was founded in 2012 based on a strong will to secure a future climate friendly utility vehicle sector. The team consists of some of Scandinavia’s foremost authorities related to electrical vehicles, digitalization, manufacturing and purchasing. Inzile develops, produces, and sells innovative vehicle solutions on the global market based on the demanding Nordic climate, security requirements and environmental standards. The company is based in Sweden with headquarters and production facility located in Västervik, R&D in Tranås and marketing office in Stockholm.

The company's share is traded on Nasdaq First North Growth Market Stockholm.

Redeye AB is the Company’s Certified Adviser, +46 8 121 57 690, certifiedadviser@redeye.se.

For further information, please visit: www.inzile.com