Nasdaq removes Inzile's observation status

Due to the electric vehicle company Inzile's revised acquisition agreement, which was announced on August 5, 2021, Nasdaq has made a new assessment of whether the acquisition gives rise to a so-called change of identity.

Nasdaq makes the assessment that the acquisition does not give rise to a change of identity. Inzile thus does not need to undergo a new listing process and the company's observation status on First North Growth Market will therefore shortly be removed.

For further information, please contact:

Daniel Wedberg, CEO Inzile, daniel.wedberg@inzile.com, +46 70 285 42 55

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.

FNCA Sweden AB is the Company’s Certified Adviser, +46 8 528 00 399, info@fnca.se.

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