Oboya's status update related to COVID-19

Oboya Horticulture Industries AB ("Oboya" or the Company) continuous to adjust its operations due to the outbreak and spread of COVID-19. The Company has early taken proactive measures and is now seeing increased demands for some product lines.

Oboya experience increased demands for some products exposed by the COVID-19. For vegetables and fruits in the stores, more hygienically appropriate packaging is becoming increasingly more important to avoid the spread of infection. Oboya experience a big increase in order intake for plastic boxes with lid from the strawberry growers in Norway, Sweden and Poland.

The Company has no need to dismiss employees in the production, but instead will increase the number of employees during quarter two 2020 to meet the increased demand.

”COVID-19 implies a continuous strong need to adjust our operations. What we loose in demand for some products, we see a good potential to well compensate with higher demand for other products. We are happy to secure work for our highly appreciated employees", says Martin Dahlberg, CEO of Oboya Horticulture Industries AB.

Erik Penser Bank AB is Oboyas Certified Adviser on Nasdaq First North Growth Market. Tel: + 46 8-463 83 00, E-mail:  certifiedadviser@penser.se

For more information, please contact:

Martin Dahlberg, CEO Oboya Horticulture Industries AB (publ)

Tel: + 46 76 571 88 88

E-mail: martin.dahlberg@oboya.se

Website: www.oboya.se

About Oboya Horticulture Industries AB

Oboya Horticulture aims to develop into a world-leading total supplier in daily consumables and logistics products to the cultivation industry as well as consumer products for home cultivation and indoor environments. Production takes place in factories in China, Vietnam and Poland. More information about the company can be found at www.oboya.se.