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Amendment of terms of directed set-off issue of shares to Recall Capital Nordic AB

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OmniCar Holding AB (the "Company" or "OmniCar") announced on 4 September 2023 that it had resolved to issue 1,728,000 shares to Recall Capital Nordic AB (the "Investor") at a price of approximately SEK 2.50 per share (the "Set-off Issue") in order to settle the full amount due to the Investor of SEK 4,313,000 under an existing loan agreement (the “Loan Agreement” or the “Financial Instrument”).

To correct the result of a miscommunication between OmniCar and the Investor, the parties have today agreed to amend the terms of the Set-off Issue to reflect the terms of the Loan Agreement. OmniCar’s debt to the Investor under the Loan Agreement floats with OmniCar’s share price. Since the Company’s share price has decreased, the debt is rightfully SEK 172,800, instead of SEK 4,313,000, due to the change in value of the Financial Instrument. OmniCar’s debt of SEK 172,800 will in full be converted into 1,728,000 shares at a price of SEK 0.1 per share, which was the market value of the OmniCar share at the time of the Set-off Issue (the "Amended Set-off Issue"). After the Amended Set-off Issue, OmniCar’s debt to the Investor will be settled in full.

Mikkel K. Christensen
Chief Executive Officer
OmniCar Holding AB 
mkc@omnicarservice.dk

About OmniCar Holding AB

OmniCar Holding AB (OmniCar) is a purpose-driven impact company active in the automotive industry. OmniCar provides a convenient, affordable, and more transparent way of getting your car serviced and repaired by offering the service though our mobile workshops at a time- and place, which suits you the best.

OmniCar is a data driven technology company facilitating an end-to-end platform, which offers customers a unique way of ordering their next service as well as managing our fleet of mobile workshops including mechanics. We have established a position as the largest mobile workshop operator within the Nordics and with outstanding customer ratings of 4,9 of 5. With thousands of positive customer visits already completed, OmniCar aims to grow its business and fulfill its vision of becoming a convenient car partner for customers throughout Europe.

Additional information about OmniCar may be found on our investor website: https://www.omnicarinvestor.com

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