Urb-it AB (publ) Quarterly Report, April - June 2020

Financial development for the period April - June 2020

· Net sales for Urb-it AB (publ) totalled KSEK 4 168 for the period April - June 2020 compared to KSEK 903 for the period April - June 2019.

· During the period, the operating loss amounted to KSEK -16 290 (KSEK -11 554).

· Loss before tax was KSEK -22 044 (KSEK -12 822).

· Loss per share attributable to owners of the Parent Company amounted to SEK -0,17 (SEK -0,14).

Significant events during the first Quarter of 2020

· Urb-it has been joined the LVMH La Maison des Startups accelerator program in Station F in Paris. The program has already resulted in a number of potential new key partnerships in France and on European level.

· After a successful trial period with DHL France, Urb-it is now a full partner to DHL in Paris.

· Urb-it reached all-time high for the number of deliveries on a single quarter. Net sales increased by 109% comparing to previous record quarter (Q1 2020) and with 362% compared to Quarter 2 2019. All growth came from our focus markets, UK and France.

Significant events after the end of the Quarter

· The set-off issue of shares that the Board of Directors of Urb-it AB decided upon on 10th June 2020 was fully subscribed to and completed during the first week of July. The issue proceeds of approximately SEK 34.6 million before issue costs were paid in full by offsetting debt from the company. Stockholm, 24th April 2020.