Successful Funding of Investee Company Beelivery

Reykjavik, Iceland June 12th, 2024, GreenBank Capital (CSE: GBC, OTCMKTS: GRNBF and FRA: 2TL) (“GreenBank” or the “Company”) is pleased to announce that our investee company, Beelivery, has successfully completed a funding round, raising £1,000,474 through the issuance of 296 shares at a price of £3,379.98 per share.

GreenBank Capital owns 780 shares in Beelivery, which, at the current funding round price, translates to a value of approximately £2,636,384. In Canadian dollars, this value is approximately CAD $4,635,504*, based on current exchange rates.

Given GreenBank’s outstanding shares totaling 125,271,001, this investment in Beelivery adds approximately CAD $0.037 towards the NAV, enhancing the overall value of our asset portfolio.

Vilhjalmur Thor Vilhjalmsson, CEO and Chairman of GreenBank, commented, “We continue to work closely with our investee companies to add value and drive growth. This successful funding round for Beelivery underscores our commitment to supporting innovative businesses and maximizing shareholder value. Beelivery is looking for further funds to support its growth into new markets within the year, and we are excited about their future prospects.”

About Beelivery

Beelivery is a leading on-demand grocery delivery service in the UK, offering rapid delivery to customers within 60 minutes of placing an order. By leveraging a network of local delivery drivers and advanced logistics technology, Beelivery provides unparalleled convenience and service quality in the grocery delivery market.

For further information, please contact:

Vilhjalmur Thor Vilhjalmsson, CEO and Chairman, GreenBank Capital

Tel : +354 8697296

Email :