RECHARGE ApS

The Company's principal activity is to carry on and conduct business as an investment company in accordance withthe Capital Gains Tax Act § 19.

Financial review The company's income statement for the year ended 30 September 2020 shows a loss of DKK 17.553.747, and the balance sheet at 30 September 2020 shows negative equity of DKK 5.553.225. Due to the write down of the companys asset, the company has a loss of MDKK 17.6 and the share capital is lost. Management have received a stand still agreement from the holders of the main payables.

Also a letter of support has been issued from the parent company to enbale the company to continue its operations until the expected merger with the parent company may take place.

The financial statement is therefore presented on the assumption of continued operations.

Recognition and measurement uncertainties The recognition and measurement of the companys main asset, is associated with some uncertainty, since the underlying conditions depend on the developement of various parameters, that will not be measurable within a foreseeble future.

Management have therefor chosen to write down the entire asset.

The recognition and measurement of the companys main asset, is associated with some uncertainty, since the underlying conditions depend on the developement of various parameters, that will not be measurable within a foreseeble future. Management have therefor chosen to write down the entire asset.

No events have occurred after the balance sheet date which could significantly affect the company's financial position.