We have received questions regarding the Board of Directors proposal for the EGM which is held on the 28 December.

Below are the questions received (highlighted) as well as our answers.

 What is the reason for authorization of 300 000 000 million shares?

We see a need to have the possibility to increase our capital base. We intend only to use a limited portion of the asked increase to reach break-even giving us head room to support future expansion.

You state that you intend only to use a limited portion of the asked increase to reach break-even giving us head room to support future expansion. Can you please specify?

The focus for OmniCar 2023 is to create the foundation for a truly scalable business with positive cash flow. A scalable and sustainable business model is a corner stone for future expansion. The next transaction, that will enable the Company to reach profitability, will require around 11 MDKK and approximately 25,000,000 shares.

What will the consequences be of voting against the proposal?

The Board will not be able to issue new shares limiting the possibility to raise capital necessary for the company to survive.

When does the Company need more capital?

The Company’s liquidity is under pressure, due to the OmniCarSales Platform which earlier has been announced will be closed, and capital is needed in early 2023.

Why change from the Boards location from Helsingborg to Stockholm?

In the past few years, it has been possible to conduct EGM/AGM without physical present (exceptions from normal procedure due to Covid). This will not be possible from 1^st of January and the meetings needs to be physical. To do it more convenient to participate for most of our investors we propose to change from Helsingborg to Stockholm.