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CEO, Morten von Krogh comments:

"We are pleased and humbled by the great interest in our IPO. Being oversubscribed in a period where the stock market reflects great uncertainty is quite an achievement and clearly suggests that investors understand the long-term value of sustainable mobility.

This IPO and the upcoming listing on Nasdaq First North marks the starting point for further growth and expansion for the group in the Nordics and Europe."

Subscription

The Offering was oversubscribed, which means that 4,800,000 shares and 4,800,000 warrants of series TO1 are issued. The Company will thus receive approximately SEK 45.1 million in issue proceeds before issue costs. The warrants of series TO1 can provide the Company with a maximum of approximately SEK 56.4 million.

Over-allotment option

The over-allotment option has not been exercised and no stabilization measures will be executed.

Allocation

As a result of the significant interest, not all subscribers have received full allocation. Allotment of units, subscribed under the Offering, is made in accordance with the principles set out in the EU Growth Prospectus published on 1 February 2022 and is available on the Company's website, www.moveaboutgroup.com. The subscribers who have received allocation through subscription via nominee will receive notification of allocation via their respective nominee. As soon as the issue has been registered with the Swedish Companies Registration Office, warrants of series TO1 will be delivered to custody accounts or securities accounts. Settlement notes are scheduled to be sent indicatively on February 17, 2022.

Shares and share capital

After the registration of all shares and warrants in the Offering, the number of shares in the Company will increase by 4,800,000 shares, from 20,127,100 to 24,927,100. The number of warrants of series TO1 will amount to 4,800,000. The share capital of the Company will increase by SEK 120,000 from SEK 503,177.50 to SEK 623,177.50. If all warrants of series TO1 are exercised, 4,800,000 new shares will be issued and the Company's share capital will thus increase by SEK 120,000.

Preliminary timetable

The settlement date for the issue is 21 February 2022.

The first day of trading in the Company's share on Nasdaq First North Growth Market is scheduled for February 23, 2022.

The warrants in the Offering will be issued to the holder when the issue is registered with the Swedish Companies Registration Office. The Company will apply for admission to trading of the warrants in connection with the registration and the first day of trading will be announced through a separate press release.

Advisors

Mangold Fondkommission AB is the financial advisor and Eversheds Sutherland Advokatbyrå is the legal advisor to the Company in connection with the Offering.