Extraordinary General Meeting on September 20, 2021 in Inzile AB (publ)

At the Extra General Meeting on September 20, 2021 in Inzile AB (publ), the following decisions were made in accordance with the proposals presented in the notice convening the Extra General Meeting which were held available on the company's website www.inzile.com.

The Annual General Meeting resolved:

• The meeting resolved to approve the Company's acquisition of shares in QEV Tech Holdings S.L.

• The meeting resolved to authorize the Board to decide on a new issue of a maximum of 33,759,717 shares. The right to subscribe for the shares shall only accrue to eFashion Championship PTE Ltd. Payment for subscribed shares shall be made in kind or by set-off. The authorization is valid until the Annual Shareholders Meeting 2022.

• It was resolved, in accordance with the shareholder Ragnar Åhgrens proposal, to elect Håkan Örtenholm, Måns Sjöstedt and Leif Lindqvist as board members for the period until the end of the Annual General Meeting 2022. Ragnar Åhgren was elected Chairman of the Board of directors.

It was noted that all decisions were unanimous.

For further information, please contact:

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

Peter Wergens, CFO, 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