Kollect on Demand : Record date for distribution of warrants of series TO1 to current shareholders is set for September 11, 2020

Press Release

07 September 2020 13:54:00 CEST

Record date for distribution of warrants of series TO1 to current shareholders is set for September 11, 2020

As previously announced, the board of directors of Kollect on Demand Holding (publ) ("Kollect" or the "Company") has decided to distribute warrants free of charge to shareholders in the Company. The exercise period to subscribe for new shares with the conversion of warrants from series TO1 will be from August 9, 2021 to August 20, 2021.

As previously announced through a press release on August 26, 2020, Kollect has completed a directed issue of shares and warrants of series TO1 to certain qualified investors and a loan provider. The board of directors of Kollect has decided to issue warrants of series TO1 (which is the same series as in the directed issue and the loan provider) to the Company. The warrants will then be distributed free of charge to current shareholders in Kollect. The warrants will, to some extent, compensate shareholders in the Company for the dilution caused by the directed issue.

The record date to receive warrants of series TO1 has been set for September 11, 2020. Therefore, the last day of trading in the Company's share including the right to receive warrants is September 9, 2020, and the first day of trading in the Company's share excluding the right to receive warrants is September 10, 2020.

Each shareholder will receive one (1) warrant of series TO1 for every two (2) shares owned in the Company on the record date. In the event that a shareholder's holding of shares is not directly divisible by two (2), the number of warrants shall be rounded down.

Terms and information regarding warrants of series TO1

A total of 3,692,805 warrants of series TO1 will be issued, of which 900,000 will be issued to investors in the directed issue, 300,000 to the lender and 2,492,805 issued to current shareholders in the Company.

Each warrant of series TO1 will give the holder the right to subscribe for one (1) new share in Kollect at a subscription price corresponding to 70 percent of the average volume-weighted share price according to Nasdaq First North Growth Market's official price statistics during the period from July 26, 2021 to August 6, 2021. The subscription price shall not exceed SEK 15.00 per new share (which is 50% above the subscription price in the directed issue), and not be less than the nominal value of the Company's share. The exercise period to subscribe for new shares with warrants from series TO1 will be from August 9 to August 20, 2021.

Warrants of series TO1 will, upon full exercise, give the Company the opportunity to raise up to a maximum of approximately SEK 55.4 million, depending on the subscription price.

Upon full exercise of the warrants of series TO1, the dilution will amount to approximately 38.6 percent, in proportion to the number of shares after the registration of the directed issue.

Kollect on DemandBox 14055

SE-104 40 Stockholm

Press Release

07 September 2020 13:54:00 CEST

The Company will apply for admission for trading the warrants of series TO1 on Nasdaq First North Growth Market as soon as it is possible after the registration of the directed issue and the allotment to current shareholders and the lender has been completed.

Advisers

Mangold Fondkommission AB has acted as sole bookrunner and financial adviser and Eversheds Sutherland Advokatbyrå AB has acted as legal adviser in connection with the directed issue and the loan.

___________ September 7, 2020

Kollect on Demand Holding AB (publ) The Board of directors

N.B. This English text is an unofficial translation of the Swedish original of the press release, and in case of any discrepancies between the Swedish text and the English translation, the Swedish text shall prevail.

For more information about Kollect: John O'Connor, CEO

E-mail:[e-mail]: [phone]www.kollect.ie

Certified Adviser

Mangold Fondkommission AB Telefon: + 46 8 5030 1550 E-post:[e-mail]

About Kollect

Founded in Waterford, Ireland, Kollect is an innovator and disruptor in the waste industry listed on the Nasdaq First North Growth Market (symbol: KOLL). Mangold Fondkommission AB is the Company's acting Certified Adviser (Tel. + 46 8 5030 1550,[e-mail],www.mangold.se).

The Company services two types of customers: those who arrange to have waste collected via the online Kollect booking engine; and those who use BIGbin smart compactor bins for waste drop-off.

Waste collection services include domestic door-to-door bin collection, commercial bin collection, skip (container) hire, skip bags and junk removal such as furniture and other large objects.

For more information, visitwww.kollect.ie.

Kollect on DemandBox 14055

SE-104 40 Stockholm

Press Release

07 September 2020 13:54:00 CEST

Attachments

Record date for distribution of warrants of series TO1 to current shareholders is set for September11, 2020

Kollect on DemandBox 14055

SE-104 40 Stockholm